This news article highlights the exponential increase in value of two NFT collections, Milady and Pudgy, since December 2022. The floor prices for these NFTs have increased more than 20 times, with Miladys now selling for $22,570 and Pudgys for $106,900. These prices surpass the value of bitcoin, although NFT markets are smaller and less liquid than major cryptocurrencies. The article also mentions that the gains in these NFT collections have primarily occurred in the past month, with limited trading volume. Overall, Miladys and Pudgys are among the best-performing crypto assets in this bull market, outperforming most top-25 coins except for PEPE. Other NFT collections such as Azuki, Doodles, and CryptoPunks have also seen significant price increases, while some collections like Bored Apes and Nouns have lost value against the US dollar. The article concludes by suggesting that the rising prices of NFTs could indicate the potential intensity of the next bull market phase.
- Content Editor ( blockworks.co )
- 2024-12-12
Pudgys and Miladys pump even as overall liquidity drops