NFT Sales Spike to $155M Amid Crypto Weakness; Pudgy Penguins Surge 82%

NFT Sales Spike to $155M Amid Crypto Weakness; Pudgy Penguins Surge 82%

Even though the price of cryptocurrencies has declined generally, the NFT sector has proven resilient. Ethereum declined 9% to $3,200 while Bitcoin slid 3% to $94,000, which helped the global cryptocurrency market capitalization drop from $3.5 trillion to $3.3 trillion. However, the NFT industry has recovered, indicating a resurgence of investment interest. Overview of the Weekly NFT Market Despite an 81.79% drop in active purchasers to 122,8...

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