Blue Chip NFT Floor Prices Rebound Within 24 Hours

04/24/2023 01:38 • Tech Ticker • 122 views

On April 24th, according to Blur market data, blue chip NFT floor prices have rebounded to varying degrees in the past 24 hours. Among them, the BAYC floor price has returned to above 50ETH, currently reporting 51.01ETH, and the MAYC floor price is currently reporting 10.99ETH, a daily increase of 3.0%. The price of the Doodles series flooring rose to 2.33 ETH, with a daily increase of 5.22%.

BAYC floor price returned above 50ETH

The recent market data from Blur indicates that Blue Chip NFT floor prices have rebounded to varying degrees within the past 24 hours. This includes some significant increases that are worth noting. Among the blue chips, the Bored Ape Yacht Club (BAYC) floor price has gone up and is currently reporting 51.01ETH. The Mutant Ape Yacht Club (MAYC) floor price has also increased and is currently reporting 10.99ETH with a daily increase of 3.0%. The price of the Doodles series flooring has also seen an impressive increase that should not be overlooked. It has risen to 2.33 ETH with a daily increase of 5.22%.

The Bored Ape Yacht Club (BAYC)

The Bored Ape Yacht Club is a collection of 10,000 unique NFTs with a community of passionate holders. These NFTs feature anthropomorphic apes with varying traits, rarity levels, and accessories. Since the release of BAYC, the project has attracted a large following, and the floor prices of these NFTs have continued to increase. The current floor price of 51.01ETH is a testament to the strong demand for BAYC NFTs.

The Mutant Ape Yacht Club (MAYC)

The Mutant Ape Yacht Club is a collection of 20,000 unique NFTs that is built on top of the BAYC community. These NFTs feature mutant apes with varying degrees of rarity and accessories. MAYC NFTs have been gaining popularity since the launch and have seen exponential growth in their floor prices. With the current floor price reporting at 10.99ETH and a daily increase of 3.0%, MAYC seems to be on the rise as well.

The Doodles Series

The Doodles series is a collection of 8,888 unique NFTs featuring quirky drawings of animals, objects, and people. These NFTs have a distinct style that sets them apart from other NFT collections. The series has been gaining traction in the NFT market, and the current rise in floor price is another testament to its growing popularity. With a price increase of 5.22% and a current floor price of 2.33 ETH, the Doodles series seems to be on the rise.

What Does This Mean for The NFT Market?

The NFT market has been experiencing a lot of fluctuations, but the recent increase in blue chip NFT floor prices is undoubtedly a move in the right direction. This increase is a sign of a general market turnaround, indicating that the market is heading towards stability. As a result, investors and collectors who had hesitated to buy or sell higher-end NFTs might consider it as a great opportunity to do so.

Conclusion

With blue chip NFT floor prices such as BAYC, MAYC, and the Doodles series experiencing a significant increase within the past 24 hours, there is a growing sense of optimism in the NFT market. This article highlights the floor prices and some brief information about the NFT collections. It is crucial to keep in mind that the NFT market is highly volatile, and change can occur rapidly. However, it is still worth recognizing these recent price rises and their potential impact.

FAQs

What are blue chip NFTs?

Blue chip NFTs are high-end and highly sought-after NFTs that have proven themselves in the current market.

Is NFT market volatile?

Yes, the NFT market is highly volatile and can change rapidly.

Should I consider investing in NFTs?

As with all investments, there is risk involved. However, NFTs can offer a unique investment opportunity with the potential for high returns. As with any investment, research is key, and investors should only invest what they can afford to lose.

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