This article reviews recent changes in the NFT and cryptocurrency markets, analyzing key projects and up-to-date data.
NFT Trading: Volumes and Leaders
According to CryptoSlam, the global NFT market trading volume surged by 6.23% in the past 24 hours, reaching $12,399. At the same time, Known Origin #65406 gathered a huge spotlight as it traded for $120,399. The second most costly NFT was Mushroom #193, traded for $65,210. However, VotingTokenVesting #32 led the list of the most pricey NFTs traded, sold for $328,683. Over the past week, NodeMonks NFTs have become the most traded, with buying volume surging by 33% and the number of sellers reaching 187, a 50.81% increase.
Cryptocurrency Market News
According to a study by Statista, global NFT users are expected to reach 16.35 million by 2028, although by the end of 2024, the total number of non-fungible token holders could reach 14.67 million. Around 87% of the market is dominated by OpenSea, followed by LooksRare (6%) and X2Y2 (2%). In a discussion with CNBC, BlackRock CEO Larry Fink expressed optimism about cryptocurrencies, suggesting that Bitcoin could reach $100,000. He also mentioned that he was initially a skeptic but changed his view after a deep understanding of digital assets. In Argentina, tax regulators discovered cryptocurrency mining rigs worth over $18 million on a cereal farming firm. Additionally, 340 mining rigs, believed to be smuggled from abroad, were seized.
Current Crypto Market Price Analysis
Over the past 78 hours, the cryptocurrency market has seen significant growth, with a total market capitalization reaching $2.24 trillion, an 8.31% increase over the past seven days. The fear and greed index powered by CoinMarketCap stands at 51, indicating neutral market sentiment. Bitcoin is trading at $63,215 with a 1.1% daily increase. Despite continued sell-offs and whale conversions, Ethereum's price continues to rise, reaching $2,646 with a 2.31% increase over the past 24 hours and 14% growth over the week.
The cryptocurrency and NFT markets continue to develop dynamically, showing substantial growth in trading volumes and attracting increasing attention from investors and users.
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