The non-fungible token (NFT) market has shown significant growth after a brief pause, with optimistic forecasts from industry analysts about continued expansion driven by strong trading volumes and asset value increases.
Daily NFT Sales Volume
According to data from cryptoslam.io, the NFT market is gaining momentum again, recording a trading volume of $21.8 million in the past 24 hours, a 15.55% increase from the previous day. Ethereum, powering most blue-chip NFTs, showed a 156% increase with $9 million in trading volume. Bitcoin and Solana also hold strong positions with their respective sales volumes at $5.4 million and $3 million.
Top Selling Ethereum NFTs Today, November 28
The Bored Ape Yacht Club collection has been the top-selling on Ethereum in the last 24 hours, with a trading volume of $1.7 million. Pudgy Penguins and CryptoPunks followed, with trading volumes of $1.5 million and $1.3 million, respectively. Mutant Ape Yacht Club and Milady Maker collections also posted impressive growth.
Related NFT Market News
Other notable events in the NFT market include NFT investor Seedphrase securing a $2.75 million loan against his Punk #8348, the closing of Kraken’s NFT marketplace, and Blur surpassing Magic Eden and OpenSea in daily sales volumes.
The NFT market is showcasing robust growth, led by Ethereum, suggesting a new phase of market development. Analysts anticipate the positive trend to continue in the near future.
