Blue-chip Floor Prices Are Rising Again – Are NFTs Now Ready To Retest Hype?

Updated: 25 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

The non-fungible token market has shown promising signs of bouncing back to an upside trajectory after suffering a brutal comedown in the past several weeks. The market downturn started mid this year, leaving many blue-chip NFTs losing over 50% of their value.

Data compiled by nftfloorprice.com, an on-chain data aggregator, indicates that most blue-chip non-fungible token floor prices have pumped in the past 24 hours. In this article, we have listed some of the NFT collections that have experienced notable market nourishment in the past 24 hours.

1. Blue Chip Azuki NFTs

Blue chip Azuki, an NFT collection from the digital asset firm Chiru Labs featuring a limited set of 10,000, is a perfect example of an NFT collection that has pumped in its floor price. In the past 24 hours, the Azuki floor price has pumped 16.04% to 4.47 ETH.

Source: nftfloorprice.com, Azuki NFT Floor Price

2. DeGods NFTs

DeGods, an NFT collection from the digital asset incubation studio Dust Labs featuring a fixed set of 10,000 NFTs, has slightly pumped in its floor price today after a short crash in the past few days. In the past 24 hours, DeGod’s NFT floor price has increased 15% to 4.23 ETH.

Source: nftfloorprice.com, DeGods Floor Price

3. Bored Ape Kennel Club NFTs

Bored Ape Kennel is an NFT collection from the digital asset firm and Bored Ape Yacht Club NFT creator Yuga Labs, featuring a limited set of 9,602 NFTs hosted on Ethereum NFTs. In the past 24 hours, Bored Ape Kennel Club NFT floor price has risen 10% to 1.7 ETH.

Source: nftfloorprice.com, Bored Ape Kennel Club NFT Floor Price

4. Bored Ape Yacht Club NFTs

Bored Ape Yacht Club, another NFT collection from the digital asset firm Yuga Labs, has seen a short spike in its floor price today. In the past 24 hours, the NFT collection has a floor price of 24 ETH, representing a 7.16% spike from the previous day.

Source: nftfloorprice.com, Bored Ape Yacht Club NFT Floor Price

5. Azuki Elementals NFTs

Azuki Elemental is another NFT collection from the digital asset firm and Azuki creator Chiru Labs, featuring a limited edition of 20,000 NFTs hosted on the Ethereum network. Azuki Elementals floor price has increased 10.17% to 0.53 ETH in the past 24 hours.

Source: nftfloorprice.com, Azuki Elementals floor price

NFT Sales Rise 31% In The Past 24 Hours

The global non-fungible token market has seen a short spike in its trading sales volume. In the past 24 hours, the NFT market has recorded a trading sales volume of $15 million, representing a 31% spike from the previous day. NFT Buyers is up 4.58% in the past 24 hours.

Source: CryptoSlam.io, global NFT Sales Volume

During the same period, Non-fungible tokens hosted on Ethereum, the largest blockchain for NFTs, have pumped 30% in sales volume to $9.1 million. Digital collectibles hosted on Solana and Polygon have also seen a sharp rise in sales volume. In the past 24 hours, these NFTs have pumped 139% and 18%, respectively.

Bored Ape Yacht Club #8295 has been the most expensive NFT collection, selling for more than 143,000 nine hours ago. Azuki #3153 and CryptoPunks #5484 have been the second and third most expensive NFT collections today, selling for $115,712 and $113,763 just a few hours ago.