With the increase in Ethereum coin price after the Monday crypto crash, Ethereum-based NFTs prices experienced an upward trend except for Azuki which continues to drop even more following the rugpull scandal.
Ethereum-based NFTs experienced a Monday dip causing floor prices of almost all NFTs to rapidly decline. This downward trend created a lot of chaos in the trading market.
However, today the market saw an upward trend for NFTs. The data collected from NFT Floor Price show that BAYC, MAYC, World of Women, Moonbirds, and Doodles were among the major NFT projects that saw floor prices drop on Monday. The collection managed to increase by a significant price point except for Azuki.
Here are some of the important floor price hits from today’s Ethereum NFT market:
BAYC and MAYC skyrocket
The recent Otherside metaverse project announced by Yuga Labs, creator of BAYC and MAYC, has skyrocketed the NFT collection floor price. After the crypto crash, BAYC floor price points increased by 15%. Currently, BAYC is at 99.8 ETH, around $230,000.
Similarly, the MAYC floor price went up by 23% to 22.5 ETH, about $52,000. Otherdeed NFT collections also saw a 12% increase in floor price of 3 ETH, approx. $6,900.
Moonbirds flies high
Moonbirds, the newest NFT collection launched last month, also experienced a price decline during the crypto crash but due to an increase in demand and value, the NFT collection managed to fly high by 25 ETH floor price, approx. $58,000.
Moonbirds saw a 41% increase in the last 24 hours; yesterday the floor price was 17 ETH. This is a huge price increase gap indicating a high price for the NFTs on the Ethereum blockchain.
Azuki fails to climb up
Azuki, one of the best-selling NFT collections, suffered from an extreme decline since the market crash. Compared to other NFTs, Azuki struggled to climb up to maintain a good floor price.
Azuki has been led down by the founder’s recent scandal involvement in rugpull projects. Despite Zagabond’s claim that he didn’t commit any rugpull, he failed to face the backlash from Twitter and the NFT community.
Azuki dropped by 43% in the last 24 hours. Currently, the floor price is at a low of 10.4 ETH, which is around $24,000.
However, Azuki is also experiencing a major sales record despite the fallen floor price. According to the data collected by CryptoSlam, for the last 24-hour Azuki recorded $45 million in sales, an increase of 734% compared to the previous period. This is probably due to the low floor price which is giving way for investors to trade the maximum Azuki NFTs they can afford until it rises again.
The market might not have given up on Azuki yet, despite Twitter declaring it dead.
As Ethereum NFT bounced back, the biggest NFT marketplace OpenSea also experienced a surge in single-day trading volume of $83.4 million on Monday.
Ethereum NFTs are slowly recovering from a crypto crash. With the increasing floor price, one can easily say that demand for NFTs is high and prime in the crypto market. Furthermore, seeing the high sales record for Azuki, might indicate that Azuki is here to stay for a while.
