NFT Market Bounces Back with Soaring Sales

NFT Market Bounces Back with Soaring Sales



Major NFT collections are experiencing a surge in demand, as evidenced by soaring sales and trading volumes across various networks.



Following a prolonged downturn in the crypto market, the market for non-fungible tokens (NFTs) is showing signs of revival. Notably, several key collections have seen their trading volumes reach new heights after months of decline. Data from Coingecko reveals that the floor prices of the top 15 NFT collections have risen markedly in recent days, indicating growing interest.



One of the most striking examples is the Bored Ape Yacht Club (BAYC) collection, whose floor price jumped over 70% in a month, climbing from $24.8 in early October to $30.90 on November 13. Additionally, BAYC's 24-hour trading volume has increased by 51% today, reflecting heightened activity in the marketplaces. Another notable


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #NFT, #NFTMarket

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