Bored Ape & Pudgy Penguins Soar +100% In Daily Sales Volume – Are NFTs Back?
The non-fungible token market is back to an upside trend after several months of downward spiral. The global NFT market went down earlier this year after the hype in the Bitcoin NFT ecosystem, which started sometime in November 2023, faded and paved the way to memecoin mania. In this article, we shall explore some factors fueling the recent market hype. Imagine the #NFT market coming back 🐒 Long Live JPEGs 🖼️ #BAYC #MAYC pic.twitter.com/tGt2UZUYOB — viejosimio (@viejosimio) August 15, 2024 Daily NFT Sales Soar 24% Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token explorer, shows that the global non-fungible token market has surged in trading sales volume and floor price values. In the past 24 hours, the global non-fungible token market has raised a trading sales volume of $14 million, up 24% from the past day. In the recent bullish market change, Ethereum, the blockchain network powering most b...