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Cryptocurrency News Articles
Pudgy Penguins Leads Historic NFT Rally as Market Shows Strength Amid Crypto Market Volatility
Dec 21, 2024 at 10:34 pm
The NFT market has shown strength amid crypto market volatility, according to the latest data from CryptoSlam.
The NFT market has seen a surge in activity this week, with total sales volume increasing by 32.93% to reach $302.2 million, according to the latest data from CryptoSlam.
This marks a significant rise from last week's sales of $224 million. The market also saw growth across all key indicators.
Ethereum (ETH) NFT sales volume surged to $199.9 million, showing a 73.56% increase in the last seven days.
The network attracted 44,220 buyers, indicating a 39.73% growth. Interestingly, wash trading also saw a more than doubling with a 122.67% increase to reach $105.1 million.
Bitcoin (BTC) NFT ecosystem sales volume slipped to $39.7 million this week, indicating a 23% decrease in the last seven days.
However, the network showed decent growth in user engagement with 38,987 buyers.
Solana (SOL) NFT sales strengthened to reach $29.9 million this week, showing a modest 5.14% increase from last week.
The network continues to show strong user participation with 104,958 buyers, indicating a 108.45% increase.
Mythos Chain (MYTH) maintained fourth place with $10.8 million in sales, while ImmutableX (IMX) and Polygon (POL) also featured in the top rankings with $6.9 million and $4.8 million, respectively.
Pudgy Penguins led the historic rally with a nearly doubled sales volume to reach $53.9 million, indicating a 90% increase.
Their ecosystem expansion was fueled by major growth in both transactions (104% increase) and unique buyers (81% increase).
LilPudgys stood in second place with $19.4 million in sales, indicating a 53.57% increase. Azuki followed in third with $16.9 million in sales, showing a growth of 108.19%.
Doodles made an entry into the top five with $13.4 million in sales, indicating a growth of 226.08%, while BRC-20 NFTs closed the top five with $9.2 million in sales.
Some notable individual sales this week include:
Bitcoin is currently trading at around $97,450, showing a slight recovery from its recent dip below $95,000.
Ethereum also bounced back to $3,400 from its recent low of $3,098. It’s currently trading at around $3,403.48.
The global cryptocurrency market capitalization currently stands at $3.41 trillion, indicating a decline from last week's $3.63 trillion.
Disclaimer:info@kdj.com
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