The non-fungible token (NFT) market shows signs of stabilization and even growth following a significant decline in recent months. In the past week, trading volume surpassed $100 million.
Market Trends of NFTs
Despite a sharp downturn, the NFT market has exhibited positive dynamics for three consecutive weeks. This may help many collections solidify their market positions.
Top NFT Sales This Week
This week, the most sold collections were noted as follows:
1. **CryptoPunks**: A collection with a fixed issue of 10,000 NFTs, with a trading volume of 287 ETH in the last 24 hours. Market cap — $1.1 billion.
2. **Bored Ape Yacht Club**: Trading volume of 257 ETH with a market capitalization of $327 million.
3. **Courtyard.io**: A new collection on the Polygon platform with a trading volume of $887,649.
4. **Pudgy Penguins**: Trading volume of $380,662, market capitalization — $213 million.
5. **Famous Fox Federation**: A Solana collection with a trading volume of $171,406.
6. **Doodles**: Trading volume — $152,683, market cap of $28 million.
7. **What The FFFF**: Trading volume — $148,582.
8. **Lil Pudgy**: Trading volume of $133,758.
9. **Good Vibes Club**: Trading volume — $121,227.
10. **Froganas**: Trading volume of $117,190.
Conclusion on the Future of NFTs
The recovery trend in the NFT market may indicate its stability and potential for sustained growth. Key collections continue to attract attention and investors.
The overall trend of recovery in the NFT market underscores its significance in digital art and collecting. Further development of this sector is to be expected.
