bitcoinBTC/USD
$ 19,405.65
ethereumETH/USD
$ 1,082.06
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.458978
xrpXRP/USD
$ 0.323121
usd-coinUSDC/USD
$ 1.00

MAYC and BAYC Incur a 40% Price Surge After Eminem NFT Purchase

After Eminem revealed the purchase of NFT for more than 460k, the price of the NFTs from two of the biggest collections has spiked to 40%. 

As the celebrity acquisitions and endorsements continue, MAYC and BAYC have skyrocketed atop the NFT collection lists.

After Eminem revealed the purchase of NFT lookalike for more than 460k, the price of the NFTs from two of the biggest collections has spiked to 40%. 

Mutant Ape Yacht Club (MAYC) outsold all other NFTs last week, with a significant rise in sales volume. The program, which began at Bored Ape Yacht Club, resulted in two serum sales of over $3.5 million for each product, propelling Bored Ape Chemistry Club into the top 10.

The floor price of MAYC has risen and it is expected that the collection will be at the top of the list so long as other serum sales keep happening. The 7-day trading volume of MAYC increased by 93.41% yesterday, and the weekly volume incurred an increase of 150.97%.

A 500% increase in trading volume has been observed in the MAYC NFT collection alone in the last week, with the average price of a single Mutant Ape NFT surging to $50,250, equivalent to 12.3 Ethereum (ETH). The cheapest NFT of the collection has risen to 9.9 Ethereum (ETH), incurring a 40% increase. 

Back in August 2021, 10k MAYC NFTs were sold by Yuga Labs where in under an hour an amount of $96 million in Ethereum (ETH) was generated. Simultaneously, the holders of BAYC NFTs were awarded a free Mutant Serum NFT, which enabled them to create a new Mutant Ape NFT which is a mutation of the original NFT. 

As for BAYC, the market value at present amounts to $2.73 billion where the floor price of the cheapest BAYC is at $273,420 Ethereum (ETH). 

Even though BAYC has also incurred quite the rise, MAYC dominated the market with the highest trading volume in the week that just passed. 

Also read: 

El Salvador President Makes Major BTC Forecasts for 2022

Ferrari Partners with Swiss Blockchain Developer to Make NFT Debut

NFT Platform with Token-Backed Loans is Now Launched by Kraken

Instagram Allegedly Exploring Ways to Integrate NFTs

Mrs. Trump Launches an NFT Platform on the Solana Blockchain

Post Malone’s New Music Video with The Weeknd Showcases BAYC NFTs

 

 

 

Also read:

Related News

Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »
As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD).

Withdrawal Resumption Plan Is Not Moving Forward, CoinFLEX Backs Down

Withdrawals will not be resumed as anticipated, following a halt last week, CoinFLEX announced. As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD). After the token sale is completely carried out, CoinFLEX will disclose the process for permitting withdrawals, stated CEO Mark Lamb. “Extreme market conditions and continued uncertainty involving a counterparty” led CoinFLEX to hit a pause

Read More »
Just recently, the company had to reduce over 1% of its global workforce, making Coinbase vulnerable to the current market crash.

Coinbase Looking to Expand In Other Countries

Following the layoffs and rescinding of employment offers, the cryptocurrency exchange Coinbase intends to grow deeper into Europe. The intentions to register in nations such as Italy, Spain, France, and the Netherlands, were announced by Nana Murugesan, vice president of the California-based crypto exchange. Countries such as Germany, Ireland, the United Kingdom, and even Switzerland, where the first employee was hired recently, already have Coinbase as a licensed crypto exchange.

Read More »

My Coins

bitcoinBitcoin
$ 19,405.650.55%
ethereumEthereum
$ 1,082.061.14%
cardanoCardano
$ 0.4589780.14%
tetherTether
$ 1.000.01%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org