It looks like the NFT craze is popping again, as NFT markets hit new highs this month amid the bull season within the cryptocurrency. Based on the most recent report, the favored NFT assortment, Pudgy Penguins NFT assortment, crossed the $100,000 mark as its ground value reached $103.2K.
Pudgy Penguins, a beloved Ethereum-based NFT assortment, achieved a dramatic 240% surge in ground value this month. The gathering’s ground value skyrocketed from 9.45 ETH ($3,000) to 26.15 ETH ($103,000).
Pudgy Penguins On the Rise
The distinctive development could be attributed to a number of key elements. First, the hype across the Pengu token launch has generated vital pleasure. Another excuse is Ethereum’s current value rally has had a direct impression on the NFT market, lifting the worth of belongings like Pudgy Penguins.
Furthermore, the gathering’s outstanding community-driven success can’t be ignored. Pudgy Penguins has cultivated a loyal and engaged fanbase that continues to assist and promote the model, additional fueling its market enchantment and contributing to its spectacular rise.
The crypto skyrocketed remarkably after Donald Trump’s one-sided victory within the Presidential election race. Bitcoin surpassed the most-awaited psychological mark of $100,000. Altcoins like Ethereum (ETH), Solana (SOL), and so many others additionally surged impressively.
