Moonbirds' 24.7% Surge Signals Strong Recovery Momentum as Experts Eye Double-Digit ETH Valuations

Coingecko’s leadership team is bullish on Moonbirds’ trajectory, with co-founder and COO Bobby Ong projecting the NFT collection could reach 10 ETH under new management. The optimism comes as Moonbirds experienced a notable 24.7% jump over the last 24 hours, currently trading at a floor price of 2.88 ETH and ranking among the top 10 NFT projects by market capitalization.

Ong’s conviction stems from his long-standing involvement with the project. He initially recommended Moonbirds to his team when it was valued at just 0.7 ETH, establishing an early target of 2.5 ETH. The project has since appreciated substantially, having previously peaked at approximately 40 ETH during market highs. According to Ong, these milestones demonstrate the collection’s underlying strength and community support.

The turning point for Moonbirds came with leadership transition to Spencer, whose strategic direction has reignited investor interest. Ong views this as a textbook example of successful community-led governance, drawing parallels to Pudgy Penguins’ remarkable revival. He believes that if Spencer maintains momentum and the broader NFT market experiences recovery, surpassing the previous all-time high becomes achievable, validating his 10 ETH target price.

Beyond the near-term valuation, Ong suggests additional upside could materialize if the development team proceeds with token launches. Such moves typically unlock new utility dimensions and attract fresh capital flows to established collections. With Moonbirds’ floor price up 24.7% in 24 hours and positioned as a top-10 project, the conditions appear favorable for further appreciation if market sentiment continues to improve.