CryptoPunks Are Now the Most Actively Traded NFT Collection Amid Rising Floor Price

　　The Non-Fungible Token (NFT) ecosystem is being impacted by the transitory resuscitation in the broader cryptocurrency industry, which has seen the total crypto market capitalization rise by 4.47 percent to $907.97 billion at the time of writing.

　　According to DappRadar data, the floor prices of the most prominent NFT collections are increasing, indicating rising feelings toward digital collectibles. This upward trend has favored the CryptoPunks NFT Collection, which is presently ranked first among all collections in terms of volume traded.

　　CryptoPunks, one of the very first NFT collections developed, was ranked sixth approximately a month ago but has mainly held the top slot for the past week, according to the data platform. CryptoPunks currently has a floor price of $54.09, which has increased by around 26.3 percent in the last 24 hours.

　　Over the last week, the collection has logged 312 deals totaling $21.6 million. This contrasts to Terraforms by Mathcas, which was ranked second and had a total trading volume of $13.09 million during the same time period.

　　CryptoPunks also outperforms Bored Ape Yacht Club (BAYC) and the other collections linked with its parent company, Yuga Labs. Yuga Labs purchased the IP rights to the CryptoPunks collection in March of this year, as previously reported by Blockchain.News, increasing the scope of the legendary NFT collection.

　　Yuga Labs has acknowledged that it is constructing a media empire centered on its collections. More utilities will be unlocked for BAYC, CryptoPunks, and the other digital collectibles under its umbrella through its Otherside project. In late March, the company stated that it had raised $450 million to meet its goals.

　　With CryptoPunks presently dominating the charts, it is clear that investors are seeking for one of the most plausible methods to enter the Bored Ape ecosystem.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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