The NFT sector is showing substantial growth, surpassing $6 billion, which is a 28% increase from previous figures. Sales increases are observed against the backdrop of strengthening of two major cryptocurrencies - Ethereum and Solana.
Growth of the NFT Sector
According to recent data, the non-fungible tokens (NFT) sector has grown to $6 billion, increasing by 28% over 24 hours. Daily sales in this area surged by 191%, reaching $46 million.
Significant Purchases and Their Impact
A key factor in this growth was a significant acquisition on OpenSea, where an unknown investor purchased 45 NFTs from the CryptoPunks collection, spending over 2,080 ETH (approximately $7.8 million). This transaction attracted attention from both individual collectors and institutional participants, demonstrating confidence in premium NFT assets. As a result, the price for CryptoPunks increased by 16.5%, reaching 47.7 ETH.
Market Analysis and Forecasts
Analysts at LVRG Research suggested that the NFT sector is gaining momentum amid a general bullish trend. There are expectations that the influx of liquidity could lead to a capital rotation back into premium NFTs. Vincent Liu, investment director at Kronos Research, noted that the activity is focused on older collections, indicating a growing investor interest in projects like CryptoPunks, but not yet signaling a full-fledged 'NFT season'.
The growth in the NFT sector and significant deals indicate a resurgence of investor interest in this market. However, issues regarding valuations and long-term trends remain relevant.
