Pudgy Penguins Surpass Bitcoin; Floor Price Breaks $100K

It seems the NFT craze is returning because the NFT markets hit new highs this month amid cryptocurrency bull season. In response to the most recent report, the favored NFT assortment, Pudgy Penguins NFT Assortment, crossed the $100,000 mark when the ground worth reached $103.2K.

Pudgy Penguins, a beloved Ethereum-based NFT assortment, noticed a dramatic 240% enhance in its ground worth this month. The gathering’s ground worth shot up from 9.45 ETH ($3,000) to 26.15 ETH ($103,000).

Chubby penguins on the rise

The distinctive development may be attributed to a number of key elements. Firstly, the hype surrounding the launch of Pengu tokens has created a whole lot of pleasure. Another excuse is that Ethereum’s latest worth rise has had a direct affect on the NFT market, rising the worth of belongings like Pudgy Penguins.

Moreover, the outstanding, community-driven success of the gathering can’t be missed. Pudgy Penguins has constructed a loyal and engaged fan base who proceed to help and promote the model, additional rising its market attraction and contributing to its spectacular rise.

The crypto skyrocketed noticeably after Donald Trump’s one-sided victory within the presidential elections. Bitcoin surpassed probably the most anticipated psychological barrier of $100,000. Altcoins like Ethereum (ETH), Solana (SOL) and so many others additionally rose impressively.