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Highlights
- Justin Bieber has purchased one of the popular Bored Ape Yacht Club NFTs for US$1.29 million
- The “Baby” singer purchased the Bored Ape Yacht Club #3001 on popular trading platform OpenSea for 500 Ethereum
- Binance Coin or BNB outperformed the only two other cryptos larger than it by market cap in 2021
Pop superstar Justin Bieber has purchased one of the popular Bored Ape Yacht Club NFTs for US$1.29 million.
The “Baby” singer purchased the Bored Ape Yacht Club #3001 on popular trading platform OpenSea for 500 Ethereum.
Interestingly, though, at the time, the NFT’s floor price was 104 ether or $270,908 at the time of sale, which means The Biebs spent over a million more than the required sales price.
Bieber is known to be an avid collector of NFTs and in particular, The Bored Ape Collection. In fact, statistics show the “Sorry” singer has 619 NFTs from 49 collections.
Altcoin News
Binance Coin or BNB outperformed the only two other cryptos larger than it by market cap in 2021.
BNB, which saw outstanding gains of around 1,300 percent, according to Arcane Research, outperformed both Bitcoin and Ethereum, the number one and two largest cryptos.
To put that into perspective, Bitcoin grew 65 percent in 2021 while Ethereum – the second largest crypto – grew 408 percent in the same period.
This performance by BNB was indicative of a trend where investors ventured away from the two main dominant cryptos to put new money into altcoins. As well as BNB, altcoins like Cardano, Solana and even the meme-based coins – Shiba Inu and Dogecoin – made astounding gains throughout last year.
What’s more researchers predict that this trend will continue into this year as investors become more educated on the vast amount of altcoin options that are currently out there.
Winners and Losers
Note: Growth from the 24 hours prior to 12:30pm AEDT
Source: Coinmarketcap.com, based on top 100 cryptos.
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