• About Us
  • Privacy Policy
  • info@cryptonews24.co.uk
  • Thursday, June 30, 2022
    CryptoNews24
    Advertisement
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
    • Crypto Games
    • Blockchain
    • Finance
    • Fintech
    • Regulation
    • Blog
    No Result
    View All Result
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
    • Crypto Games
    • Blockchain
    • Finance
    • Fintech
    • Regulation
    • Blog
    No Result
    View All Result
    CryptoNews24
    No Result
    View All Result

    ETH NFT Prices Rebound But Azuki Keeps On Tanking

    May 11, 2022
    in Ethereum
    Reading Time: 3min read
    A A
    Otherside NFT Minting Frenzy Resulted In $157M Burned In ETH
    0
    SHARES
    2
    VIEWS
    ShareShareShareShareShare

    The ETH NFT prices rebound but Azuki keeps on crashing and it is crashing even harder so what could be the case? Let’s find out more in today’s latest ethereum news.

    Bored apes, Moonbirds, and other ETH NFT prices rebound but it seems that Azuki is crashing further. Azuki is the main exception with its entry-level price crashing by 42% due to the controversy over one of the founders of the project. Most of the valuable NFT collections did see rapid declining price points yesterday as the fear and the uncertainty around the crypto market crash seemed to pour into the tokenized collectibles space. However, most of those NFT projects regained a lot of value with one exception: Azuki.

    Azuki is an Ethereum profile picture collection that was entangled in some controversy over the past day. The data from NFT price Floor shows that the floor price listed on secondary markets for projects like BAYC, Moonbirds, Mutant Ape Yacht Club, and Doodles bounced back by double-digit percentages. On the other hand, the rising valuations are correlated to the price of ETH which increased from yesterday’s low, and now the price is set at $2300 but that is not the whole store since many collections’ lowest-priced NFTs are up dramatically when measured in ETH.

    Moonbirds is a  hot new project launched last month by Kevin Rose and PROOF Collective and saw one of the biggest bouncebacks today among the blue-chip NFT projects. The floor price for Moonbirds sits at 24 ETH which marks a 41% rise in value in the past day. Measured in USD, the Bored Ape Yacht Club floor is up 15% today to $230,000 and Mutant Ape is up by 23%. CryptoPunks saw a modest bump at 5% to over $123,000 while meebits popped up 28% to $13,400. the NFTs act like a blockchain-backed receipt to the digital items and can represent things like one-of-a-kind profile pictures, sports collectibles, and more.

    Among the popular NFT collections, Azuki is the odd project out because, after the recent controversy about the NFT projects that one founder hadn’t disclosed, the floor price of the project lost 43% of its USD value in the past day and dropped to about $24,000. while leading NFT marketplace OpenSea had a slow single day of ETH NFT trading volume on Sunday, about $52.3 million worth recorded, it saw a bounce back on Monday to $83.4 million. Azuki NFTs have been the hot sellers in the past day as the holders bailed out and the newcomers hoped to score a deal. The reports show that nearly $45 million worth of Azuki sales in the past day on all marketplaces saw a 734% increase over the previous period.

    Despite some gains from other projects, the top project Bored Ape Yacht Club is well off its peak price. As of now, the starting price of a BAYC NFT is down by 46% in less than two weeks.

    DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

    Credit: Source link

    ShareTweetSendSharePin
    Previous Post

    Stablecoin News for the week ending Wednesday 11th May.

    Next Post

    The Crypto Crash Is Real

    Related Posts

    More than 80% Is Primed For Staking As Full Node
    Ethereum

    ETH Topside Bias Remains Vulnerable As It Struggles Below $1.2K

    June 29, 2022
    Harmony Hackers Start Laundering Stolen ETH From Horizon Bridge
    Ethereum

    Harmony Hackers Start Laundering Stolen ETH From Horizon Bridge

    June 28, 2022
    Ethereum Energy Consumption Sees Sharp Decline As Mining Profitability Drops
    Ethereum

    Ethereum Energy Consumption Sees Sharp Decline As Mining Profitability Drops

    June 27, 2022
    Morgan Stanley: Ethereum 2.0 Launch May Reduce Demand For GPUs
    Ethereum

    Morgan Stanley: Ethereum 2.0 Launch May Reduce Demand For GPUs

    June 27, 2022
    Load More
    Next Post
    The Crypto Crash Is Real

    The Crypto Crash Is Real

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Premium Content

    Yuga Labs Sues Artist Ryder Ripps for ‘Scamming Consumers’ and Misusing Bored Ape Trademarks – Bitcoin News

    Yuga Labs Sues Artist Ryder Ripps for ‘Scamming Consumers’ and Misusing Bored Ape Trademarks – Bitcoin News

    June 26, 2022
    Illuvium Epic Gameplay Content Revealed

    Illuvium Epic Gameplay Content Revealed

    June 29, 2022
    US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources

    US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources

    June 23, 2022
    JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

    JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

    June 24, 2022
    Can Xchange Monster (MXCH) follow in the footsteps of Decentraland (MANA) and The Sandbox (SAND)?

    Can Xchange Monster (MXCH) follow in the footsteps of Decentraland (MANA) and The Sandbox (SAND)?

    June 24, 2022

    Welcome to cryptonews24, the number one source of news and information in the cryptocurrency sphere
    We have taken our time to bring together the most reliable and the most sought after source of news and information in the crypto sphere. From Startups, Fintechs,Sports,Health,Wealth,ICos, IEos,Exchanges, Wallets, to all other happenings in the crypto world.
    Subscribe to our telegram and twitter channel for minute by minute updates.
    Please contact us for your reviews, articles, marketing and any other cryptocurrency and blockchain related events

    What's New Here

    Economy still not ready for big rate hikes ahead, Wells Fargo CEO says

    Economy still not ready for big rate hikes ahead, Wells Fargo CEO says

    June 29, 2022
    Illuvium Epic Gameplay Content Revealed

    Illuvium Epic Gameplay Content Revealed

    June 29, 2022

    Subscribe Now

    Loading

    © 2020 cryptonews24.co.uk - All rights reserved!

    No Result
    View All Result
    • Crypto News
      • Bitcoin
      • Ethereum
      • Ripple
    • Crypto Games
    • Blockchain
    • Finance
    • Fintech
    • Regulation
    • Blog

    © 2020 cryptonews24.co.uk - All rights reserved!

    • YAMYAM(YAM)$1.40-98.56%
    • YAM v2YAM v2(YAMV2)$4.70-1.41%
    • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
    • lympoLympo(LYM)$0.004392-4.43%
    • RelevantRelevant(REL)$0.791.67%
    • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
    • B20B20(B20)$0.4507925.62%
    • BitballBitball(BTB)$0.0019770.37%
    • CornichonCornichon(CORN)$0.073096-0.86%
    • MoonToolsMoonTools(MOONS)$13.810.00%