Monday, December 5, 2022
 

Yuga Labs NFTs Surge in USD Sales Alongside Ethereum Price Pump

  • Leading Yuga Labs NFT creations have witnessed a surge in trading volume in the last 24 hours.
  • The three leading Yuga Labs NFT collections recorded up to $2.3 million since yesterday.
  • Bored Ape Yacht Club (BAYC) alone was able to witness more than $800,000 in 24-hour trading volume.

Yuga Labs, the creator of popular NFT collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Otherdeed for Otherside, witnessed a surge in trading volume for the mentioned brands alongside Ethereum’s (ETH) price surge.

In the last 24 hours, the trading volume of the above-mentioned collections amounted to more than $2.3 million, given the current price of Ethereum. In addition, these brands were able to regain the three highest positions in the leading NFT marketplace OpenSea.

According to Twitter handle @boredapebot, BAYC alone was able to secure more than $800,000 in trading volume in the last 24 hours. These sales were from OpenSea and other premiere NFT marketplace LooksRare.

BAYC is also close to reaching 1 million followers on Twitter. At the time of writing, BAYC is only 6,300 followers shy of hitting 1 million.

To bring the NFT newbies up to speed, the sale of NFTs has dwindled in the last couple of months alongside the so-called crypto winter. However, with the impressive performance of the crypto market in the last couple of weeks, the NFT space also enjoyed renewed interest from within the crypto space.

In other news, Ethereum’s price has fallen short of establishing support at $2,000 despite a bullish sentiment building up in the last few months. After hitting $2,000 yesterday, some traders started taking profit. However, ETH may try to flip the $2,000 resistance into support in the next couple of days. At the time of writing, ETH is changing hands at $1,982.32, as per CoinGecko.

  • Leading Yuga Labs NFT creations have witnessed a surge in trading volume in the last 24 hours.
  • The three leading Yuga Labs NFT collections recorded up to $2.3 million since yesterday.
  • Bored Ape Yacht Club (BAYC) alone was able to witness more than $800,000 in 24-hour trading volume.

Yuga Labs, the creator of popular NFT collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Otherdeed for Otherside, witnessed a surge in trading volume for the mentioned brands alongside Ethereum’s (ETH) price surge.

In the last 24 hours, the trading volume of the above-mentioned collections amounted to more than $2.3 million, given the current price of Ethereum. In addition, these brands were able to regain the three highest positions in the leading NFT marketplace OpenSea.

According to Twitter handle @boredapebot, BAYC alone was able to secure more than $800,000 in trading volume in the last 24 hours. These sales were from OpenSea and other premiere NFT marketplace LooksRare.

BAYC is also close to reaching 1 million followers on Twitter. At the time of writing, BAYC is only 6,300 followers shy of hitting 1 million.

To bring the NFT newbies up to speed, the sale of NFTs has dwindled in the last couple of months alongside the so-called crypto winter. However, with the impressive performance of the crypto market in the last couple of weeks, the NFT space also enjoyed renewed interest from within the crypto space.

In other news, Ethereum’s price has fallen short of establishing support at $2,000 despite a bullish sentiment building up in the last few months. After hitting $2,000 yesterday, some traders started taking profit. However, ETH may try to flip the $2,000 resistance into support in the next couple of days. At the time of writing, ETH is changing hands at $1,982.32, as per CoinGecko.

 

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