The NFT sector has recently regained some popularity. Market capitalization has stabilized above $3 billion, and blue-chip projects are all initiating rebounds—during this rally, CryptoPunks increased by over 8% in 7 days, BAYC performed even better with a rise of over 9%, and newcomers like Pudgy Penguins are also following the trend, with gains around 4%. Based on the floor price performance, the entire blue-chip NFT camp is gradually recovering, and market sentiment has improved. Whether this is a precursor to a rebound remains to be seen through subsequent developments.
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GateUser-75ee51e7
· 9h ago
Rebound? I think it's just a dead cat bounce.
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It's starting again. How long can it last this time?
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Breaking 9% in BAYC gets you excited. Thinking back to last year's madness is a bit ironic.
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The hype about restoring the floor price is premature. Let's wait until there's real volume.
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A market cap of 3 billion sounds a bit虚, holders are all waiting for a chance to sell.
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Pudgy Penguins trending upward, the lifespan of new favorites is so短.
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Precursor nonsense, in a bear market, this little increase can't turn the tide.
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Market sentiment improves because no one is cutting losses anymore; the chives have been harvested.
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Is a 9% increase worth a single post? Let's talk again when there's a pullback.
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Blue chips stabilized? I wouldn't trust that.
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HodlTheDoor
· 9h ago
Here comes again, is this really a rebound this time or just a prelude to cutting leeks?
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Breaking 9% for BAYC is indeed interesting, but I still need to wait and see if it can hold.
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When the floor price rises, it means real funds are entering the market. The previous period was just too miserable.
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A market cap of 3 billion sounds a bit虚, we need to see if it can stabilize later.
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CryptoPunks up 8%—what's that? Last year, such fluctuations could be recovered in a week.
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I don't really care about new entrants following the trend; the key is how long CryptoPunks and BAYC can sustain.
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A sign of a rebound? I think we need to wait another two weeks to be sure, don’t jump to conclusions so quickly.
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It’s interesting when the whole sector moves together, but it still feels like there’s a lack of genuine big capital inflow.
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Using the word "recovery" sounds nice, but it’s really just climbing out of a deep hole. If it can return to half of last year, I’d be grateful.
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I don’t really trust projects like Pudgy Penguins; they’re just riding the hype.
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LightningClicker
· 9h ago
Wait, BAYC breaks 9%? Is this a real rebound or just another round of cutting leeks?
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Floor price is slowly recovering... Listen to this wording, it still feels a bit unstable.
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Pudgy Penguins have moved, indicating that there is still hot money in the market.
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Only when the 3 billion market cap is stabilized can we say there's a rebound. It's still too early to draw conclusions now.
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CP and BAYC are both taking off. Is this a signal? I remain more cautious.
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New entrants following the trend upward. Is this a good thing or should we be cautious?
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The entire camp is recovering; the subsequent performance is what matters.
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Is a 8% to 9% increase worth getting excited about, or is it just the same old story?
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Market sentiment improving ≠ rebound coming. Don't be too optimistic, everyone.
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BlockTalk
· 9h ago
Here we go again, every time claiming it's a sign of a rebound. When will it actually be a real rebound?
The NFT sector has recently regained some popularity. Market capitalization has stabilized above $3 billion, and blue-chip projects are all initiating rebounds—during this rally, CryptoPunks increased by over 8% in 7 days, BAYC performed even better with a rise of over 9%, and newcomers like Pudgy Penguins are also following the trend, with gains around 4%. Based on the floor price performance, the entire blue-chip NFT camp is gradually recovering, and market sentiment has improved. Whether this is a precursor to a rebound remains to be seen through subsequent developments.