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Genuine Undead NFTs Price Jumps Over 100% – But What Are They?

Genuine Undead NFTs Price Jumps Over 100% – But What Are They? thumbnail

The non-fungible token (NFT) market continues to surprise crypto enthusiasts as new projects like Genuine Undead carve a niche challenging the top projects’ monopoly in the marketplace.

Genuine Undead is a project that saw its floor price shoot up overnight, so what led to this sudden uptick?

The NFT collection was released in Aug as a free mint. The picture-themed (PFP) NFTs have a limited edition of 9,999 and a market cap of 3,898.44 ETH. 

Genuine Undead floor price up over 100%

Recent data from Lunar Crush showed that among NFTs that outperformed markets, Genuine Undead took the lead with a major pump in floor price, social mentions, and social engagements. 

While the floor price shot up by almost 104.2%, social mentions rose by 47.47%, and social engagements were up by 31.16%. 

Source: LunarCrush

A month back, Genuine Undead NFTs were selling at $365. However, at press time the collection’s price had rocketed to as high as $521.43, charting an all-time high floor price. 

Source: CoinGecko

What’s all the hype about?

The pixel art collection was released by an anonymous artist as who described it as a “24×24 pixel art collection like you have never seen.” The Genuine Undead collection includes 5,995 classics, 3,996 cyberpunk, eight legendaries, and over 200 hand-drawn traits. 

With a market cap of 3,898.44 ETH or $5.19 million, the collection had around 2,488 owners at press time. Notably, the project’s market capitalization saw a close to 70% rise in just one day as the floor price picked up. 

Furthermore, the NFTs’ 24-hour volume at press time was around

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