NFT Collection Floor Prices Rise on Ethereum – $BLUR, $ME

The
non-fungible
token
market,
especially
the
Ethereum
NFT
market,
is
experiencing
a
short
bull
run,
marked
by
a
significant
increase
in
trading
sales
volume
and
floor
price
values.
In
fact,
the
Ethereum
NFT
trading
sales
volumes
are
at
their
highest
point
in
almost
2
years.
Recent
assessment
shows
that
most
blue-chip
NFT
collections
have
seen
their
floor
prices,
surging
+30%
in
the
past
30
days.

ETH
NFT
Floor
Prices
Jump
+30%
In
Dec
2024

Data
compiled
by

CoinGecko.com
an
on-chain
crypto
market
data
aggregator
and
a
multi-chain
non-fungible
token
explorer,
indicates
that
the
majority
of
non-fungible
tokens
on
the
Ethereum
blockchain
network
have
been
increasing
at
a
rapid
pace
in
the
past
few
weeks.
Since
November,
the
majority
of
Ethereum-based
NFT
floor
prices
have
surged
+30%
from
the
previous
month.

NFT
Collection
floor
prices
on

$ETH
have
been
increasing
at
a
rapid
pace
the
past
few
weeks.

The
moment
ETH/BTC
bounced
seemingly
gave
investors
the
confidence
to
start
bidding
the
major
ETH
NFT
collections
as
well.
Betting
on
a
bottom
and
outperformance
by
ETH.
Q1
is…

pic.twitter.com/BpTG45aAPT

—
Daan
Crypto
Trades
(@DaanCrypto)

December
16,
2024

The
NFT
market
began
pumping
in
early
November
2024
shortly
after
the
crypto-friendly
Trump
was
re-elected
as
the
47th
United
States
President.
During
his
campaign
period,
Donald
J
Trump
promised
to
restore
an
ample
trading
environment
for
crypto
in
the
United
States.
In
light
of
these
pledges,
the
crypto
market
began
pumping.
The
moment
Ether
and
Bitcoin
bounced
they
gave
investors
the
confidence
to
start
bidding
on
the
major
ETH
NFT
collections
as
well.

Pudgy
Penguins,
a
non-fungible
token
created
by
the
toy
brand
Pudgy
Penguins
featuring
a
fixed
supply
of
8,888
NFTs
hosted
on
the
Ethereum
blockchain
network,
has
been
the
highest
gainers
amid
the
recent
NFT
marker
craze.
In
the
past
30
days,
the
Pudgy
Penguins
NFT
collection
has
seen
its
floor
price
value
jump
past
30
ETH.
During
this
time,
the
Pudgy
Penguins
NFT
Floor
has
surged
+200%
from
the
past
month.

Blue
Azuki,
a
non-fungible
token
collection
from
the
digital
asset
incubation
studio
Chiru
Labs
that
features
a
limited
edition
of
10,000
NFTs,
is
another
NFT
gainer
in
the
recent
NFT
market
bull
run.
In
the
past
30
days,
the
Azuki
NFT
collection
has
seen
its
floor
price
pumping
back
to
past
10
ETH.
During
this
period,
the
Azuki
NFT
floor
price
has
surged
more
than
100%
from
the
past
month.

On
the
other
hand,
Ethereum-based
NFT
coins
have
also
surged
during
the
recent
NFT
market
bull
run.
In
the
past
24
hours,
$BLUR,
the
utility
token
for
the
Blur
NFT
marketplace,
has
seen
its
price
rise
above
$0.44.
Once
it
breaks
this
level,
it’s
predicted
to
expand
higher
to
the
yearly/cycle
highs
at
$0.85+.
BLUR
has
been
respecting
its
horizontal
levels
very
well
so
these
will
be
good
to
keep
an
eye
on.
$ME,
which
launched
last
week,
is
performing
so
well,
trading
at
$3.6B
FDV.

Blur
And
OpenSea
Dominate
ETH
NFT
Market

Blur,
a
non-fungible
token
marketplace
designed
for
professional
traders,
and
OpenSea,
another
leading
non-fungible
token
marketplace,
are
the
market
leader
in
terms
of
trading
sales
volume
in
the
Ethereum
blockchain
network.
In
the
past
30
days,
the
OpenSea
NFT
marketplace
has
raised
6300
ETH,
while
the
Blur
NFT
marketplace
has
amassed
a
trading
volume
of
2,400
ETH.

Source:

nftpulse.org,
NFT
marketplace
sales
volume

Nonetheless,
the
average
market
participant
still
seems
relatively
unaware
that
Ethereum
NFTs
are
pumping
and
the
easiest
way
to
get
exposure
would
be
through
NFT
Marketplace
tokens
and
other
NFT
coins
as
many
of
these
NFT
collections
are
expensive
and
priced
out
a
lot
of
investors
already.
The
Pudgy
Penguins,
Milady
Maker,
and
Magic
Eden
have
unmasked
this
super
trick
and
have
recently
launched
their
utility
tokens.

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NFT
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