Analysis News TheBitTimes.com

The global non-fungible token market has been a rollercoaster in the past several months, with its highs and lows often making headlines. As crypto markets turn bullish, the non-fungible token market has also started to join the wave, with trading sales volume surpassing the $340 million mark in October 2024. During this time, NFT trading sales volumes have grown by an impressive +10%, indicating a notable comeback. NFT Sales Surge +10% In October 2024 Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, indicates that this month’s non-fungible token market has slightly surged in trading sales volume. In the past 30 days, the NFT market has amassed a trading sales volume of $347 million, representing a +10% surge from the past month. In September 2024, the global NFT market sales fell over 40% to $303 million, marking the lowest trading sales since October 2023. Ethereu...

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...