Interest in non-fungible tokens (NFTs) increases with the positive performance of the cryptocurrency market. Pudgy Penguins gained attention by rising nearly 10% in value, making it the second-largest NFT collection in the market.

Rising through the ranks

Pudgy Penguins surpassed the popular Bored Ape Yacht Club and Mutant Ape Yacht Club to claim the second position behind CryptoPunks. The collection's market cap of $454 million shone brightly in the NFT space.

Pudgy Penguins experienced significant growth in the past day, leading to a floor price of 14.35 ETH (around $51,000). With a market capitalization of 127,542 Ether ($451,668,782), the collection secured its spot as the second-highest valued NFT collection.

CryptoPunks, the leading NFT, maintained a stable floor price of 45.99 ETH (approximately $162,866) over the past week. The collection's market cap remained solid at about $1,627,428,683 (459,624 ETH).

In contrast, Bored Ape Yacht Club saw a 2% decrease in floor price to $43,666 (12.33 ETH) in the last 24 hours. Its market capitalization stayed around $436,572,409 (123,275 ETH).

Mutant Ape Yacht Club's floor price stood at $7,524.44 (2.11 ETH), showing a minimal 0.3% decline in the past day. The collection's market cap was at $146,651,148 (41,182 ETH).

Noteworthy performance came from the Bitcoin-based collection Runestone, which surged 15% within a day, overtaking NodeMonkes that experienced a 6% decrease. The NFT sector continues to attract interest as the crypto market remains bullish, with opportunities like purchasing NFTs, even controversial ones like rap mogul P Diddy amidst ongoing legal issues.