The non-fungible token market recorded a remarkable resurgence in November, marked by a meteoric rise in trading sales volume and floor price values. The global NFT market has surged past $500 million, fueled by a resurgence in interest following Donald Trump’s recent re-election in the United States, among other factors. During his campaign, His Excellency Trump promised to tame the volatile crypto market, pushing more investors back to the NFT market.

NFT Sales Rise By 50% In November 2024

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregation platform designed to offer transparency for NFT collectibles across multiple blockchain and backed by prominent crypto billionaire Mark Cuban, shows that the global non-fungible token market has surged in sales volume in November. In the past 30 days, the global NFT market has attracted a trading sales volume of $562 million, representing a 50% increase from October 2024.

In November 2024, the number of investors buying non-fungible token collections has also increased. In the past 30 days, the global NFT market has seen 664,360 traders buying NFTs. During this period, the number of investors that sold their NFTs has also reduced this month to 429,014. These trading activities have pushed the global NFT market transactions above 5.4 million.

Ethereum, the blockchain network renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has continued to lead the NFT ecosystem this month. In the past 30 days, the Ethereum-based NFT collections have amassed a trading sales volume of $220 million. During this time, Ethereum NFT sales have surged by 14% from the past month.

Bitcoin, the blockchain network renowned in the global NFT market for hosting Runes, Ordinals, and BRC-20 NFTs, has significantly surged, becoming the second most-traded NFT blockchain network in November 2024. In the past 30 days, Bitcoin-based NFT collections have raised a trading sales volume of $188 million, up 100.4% from the past month.

Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, was the third most-traded blockchain network in the NFT market in November 2024. In the past 30 days, the Solana-based NFT collections have amassed a trading sales volume of $83 million. During this time, the Solana NFT trading sales have plunged by 7.41% from the past week.

Mythos Chain, a blockchain network designed to offer secure and efficient transactions across the Mythical Games NFT ecosystem, was the fourth most traded blockchain network in the NFT market in November 2024. In the past 30 days, the Mythos Chain-based NFT collections have garnered a trading sales volume of $25 million. Nonetheless, the Mythos Chain NFT sales volume plunged by 52% in November from October 2024.

Immutable X, an Ethereum Layer-2 scaling solution network designed to support a wide range of applications, including games, marketplaces, and digital assets, was the fifth most-traded blockchain network in November 2024. In the past 30 days, Immutable X-based NFTs have recorded a trading sales volume of $24 million, up 51% from the past month.

Five Top Selling NFTs In November 2024

1. $?? BRC-20 NFT Collection

$??, a non-fungible token collection created using the Bitcoin creator’s ordinals theory, a method used for inscribing unique, non-fungible tokens directly onto individual satoshis, the smallest unit of the Bitcoin network, has been the most-selling NFT collection in November 2024. In the past 30 days, the $?? BRC-20 NFT collection has recorded a trading sales volume of $72 million. The $?? BRC-20 NFT trading sales have surged by 1,730% in November from October 2024.

Source: cryptoslam.io, top selling NFTs in the past 30 days

2. CryptoPunks NFT Collection

CryptoPunks, a non-fungible token collection featuring a fixed supply of 10,000 pixilated NFTs previously created by Larva Labs and now managed by Bored Ape NFT creator Yuga Labs, has been the most-selling NFT collection in November. In the past 30 days, the CryptoPunks NFT collection has recorded a trading sales volume of $49 million. During this period, CryptoPunks NFT sales volume has surged by 388% from the past month.

3. DMarket NFT Collection

DMarket is an NFT collection from the DMarket, an NFT and virtual in-game item trading marketplace built on the Mythos blockchain, representing in-game virtual items of popular online games like Counter-Strike and Dota 2, has been the third most-selling NFT collection in November. In the past 30 days, the DMarket NFT collection has recorded a trading sales volume of $24 million. DMarket NFT sales volume has plunged by 33% from the past month.

4. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an NFT collection from the digital asset incubation firm Yuga Labs that features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, has been the fourth most-selling NFT collection in November. In the past 30 days, the Bored Ape Yacht Club NFT collection has garnered a trading sales volume of $22 million. During this period, the Bored Ape Yacht Club NFT trading sales volume has surged by 114% from the past month.

5. Guild Of Guardians NFT Collection

The Guild of Guardians, a non-fungible token collection from Guild of Guardians, a renowned role-playing NFT game that allows players to take teams of heroes through challenging dungeons to collect redeemable resources, has been the fifth most-selling NFT collection in November 2024. In the past 30 days, the Guild of Guardians has amassed a trading sales volume of $19 million. During this time, the Guild of Guardians NFT trading sales have surged by 44% from the past month.

The NFT Market Prediction For December 2024

The NFT market has struggled to regain the momentum it experienced during the height of the 2021 crypto boom. Oversupply, high gas fees on the Ethereum network, and a lack of proper regulatory framework have contributed to a decline in trading volumes and prices. Now that crypto-friendly Trump has taken office, the NFT regulations are expected to have a new look and fuel NFT adoption. This move will bring down FUD and fuel the next NFT bull run.

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Polkadot (DOT) and Avalanche (AVAX) lead in scalability and interoperability, enabling seamless NFT creation and transactions.

Solana (SOL) and Binance Coin (BNB) revolutionize NFT markets with high-speed processing and low transaction costs.

Ripple (XRP) focuses on sustainability and efficiency, offering innovative solutions for NFT management and cross-border transactions.

Over time, as the technological applications of the blockchain herd, some have especially stood out for their strong indications of probable future changes. For those that have accrued exceptional competence as well as the capacity to influence the decentralized system, the outstanding tokens are Polkadot (DOT), Avalanche( AVAX), Binance Coin (BNB), Solana (SOL), Ripple (XRP). 

Polkadot (DOT): Building Superior Interconnectivity

Polkadot is widely used for blockchain interoperability because of the approach used in the creation of the platform. The network enables multiple and separate blockchains to securely share information and synchronize their operations. It has now crossed over into NFTs, providing a dynamic system that makes it achievable to scale without compromising on performance.

Avalanche (AVAX): A Phenomenal Network for DeFi and NFTs

The platform has turned out to be one of the leading blockchains recognized by high speed and great scalability – Avalanche. Hailed for its revolutionary consensus procedure, the defining network can be recommended for creators and users searching for cost-efficient NFT operations. Thus, Avalanche’s stress on decentralization in addition to its sustainability makes it at the same time involved in operations that relate to matters of challenge.

Binance Coin (BNB): Powering Profitable Ecosystems

Binance Smart Chain is integrated with Ethereum decentralized applications or dApps; hence Binance Coin supports several applications such as NFT. By offering fast processing the platform allows users to easily mint, buy, and sell digital products or manage digital tokens. 

Solana (SOL): A Premier Platform for Innovation

NFT marketplaces have praised Solana due to its revolutionary model in terms of speed and low stake charges, which are much lower than Ethereum's. Due to its superior throughput, developers use it to design timeless interactive online experiences. Support for increasing the population’s approach to NFT also shows that Solana has a mission of popularizing blockchain technology.

Ripple (XRP): Revolutionizing Asset Management

Ripple has also ventured into the NFT world, still with a view of targeting the problem of cross-border payments while embracing sustainability. Effective organizational management of various digital assets is possible through the platform and therefore is a remarkable platform for businesses and individuals.

The post 5 Cryptocurrencies Poised for the Future: Insights on NFTs and Security Innovations appeared first on Crypto News Land.

According to Cointelegraph, non-fungible tokens (NFTs) experienced a significant resurgence in November, with monthly sales increasing by 57.8%. Data from CryptoSlam revealed that NFTs achieved $562 million in sales during the month, marking a notable rise from October's figures. This sales volume is the highest recorded since May, when digital collectibles reached $599 million. Despite this growth, NFT sales remain below their peak in 2024, when March saw a high of $1.6 billion. Following this peak, the market experienced a seven-month decline, reaching its lowest point since 2021.

The popular NFT collection CryptoPunks saw a remarkable performance in November, coinciding with a broader surge in crypto markets. Data from DefiLlama indicated that CryptoPunks' floor price increased from 26.3 Ether (ETH) on November 1 to 39.7 ETH by the end of the month, equivalent to approximately $147,000 at current market prices. Additionally, CryptoSlam reported that CryptoPunks achieved a 30-day sales volume exceeding $49 million, representing a 392% increase compared to the previous month. The collection also recorded 388 sales transactions, a 213% rise from October.

Another notable performer in November was the Pudgy Penguins collection, which saw its monthly sales volume surge by 262% month-on-month, reaching $16 million. DefiLlama data showed that the floor price for Pudgy Penguins rose from 8.7 ETH on November 1 to 13 ETH, or roughly $48,000, by November 30, marking a 49% increase.

The Ethereum network led the NFT market in November with over $216 million in sales volume, reflecting a 12% increase from October. Bitcoin, however, recorded the highest percentage increase among the top blockchains for NFTs, with a sales volume of $186 million, marking a 99.44% surge from the previous month. Meanwhile, other networks such as Solana, Mythos Chain, Immutable, Polygon, and BNB Chain collectively recorded $162.9 million in NFT sales volume for November.

The non-fungible token market has experienced another wave of massive bull market rally, with weekly trading sales volumes rising by over 11% to surpass $160 million. From cartoon apes to video clips, the trading volume for NFTs has seen a notable uptick, driven by the resurgence of blue-chip NFTs, the rise of new NFT projects, and a promising crypto regulatory framework under President-elect Donald Trump.

NFT Weekly Sales Volume Surpasses $160M

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a non-fungible token explorer, shows that the non-fungible token market has surged in trading sales volume. From November 25, 2024, to December 01, 2024, the NFT market has amassed a trading sales volume of $163 million. During this period, the NFT market trading sales volume has surged by 11.97% from the past week.

From November 25 to December 01, the number of crypto investors who bought NFT items increased. In the past seven days, the global NFT market has seen 589,316 crypto traders buy NFTs. On the other hand, the number of crypto investors who sold their NFTs has also surged by 21% to 350,172 this week. These trading activities have pushed the NFT market transactions to 1.4 million.

Ethereum, the blockchain network renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has retained the global NFT market dominance this week. In the past seven days, the Ethereum-based NFT collections have amassed a trading sales volume of $66 million. During this time, Ethereum NFT sales have surged by 37% from the past week.

Source: cryptoslam.io, NFT sales volume by volume in the past seven days.

Bitcoin, the blockchain network hosting the flagship crypto “Bitcoin” and renowned in the NFT market for hosting Runes, Ordinals and BRC-20 NFTs, is this week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have raised a trading sales volume of $49 million. The Bitcoin NFT sales volume has surged by 12.8% from the past week.

Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this week’s third most-traded blockchain network in the NFT market. In the past seven days, the Solana-based NFT collections have raised a trading sales volume of $14 million. During this time, the Solana NFT trading sales have plunged by 37% from the past week.

Mythos Chain, a renowned gaming network built on cutting-edge blockchain technology to ensure secure and efficient transactions across the Mythos gaming ecosystem, is this week’s fourth most-traded blockchain network in the NFT market. In the past seven days, the Mythos Chain-based NFTs have recorded a trading sales volume of $10 million. Mythos Chain NFT sales volume has plunged by 1.38% from the past week.

Immutable X, an Ethereum scaling solution for non-fungible tokens that aims to enable near-instant, low-fee transactions, is this week’s fifth most-selling blockchain network in the NFT market. In the past seven days, the Immutable X-NFTs have amassed a trading sales volume of $7.2 million. During this time, the Immutable XNFT trading sales volume has surged by 5.08% from the past week.

Ten Top Selling NFTs This Week

1. $?? BRC-20 NFT Collection

$??, a renowned non-fungible token collection created using the BRC-20, a token standard that allows developers to create and manage crypto tokens on the Bitcoin blockchain network, is this week’s most-selling NFT collection in the NFT market. In the past seven days, the $?? BRC-20 NFT collection has recorded a trading sales volume of $15 million. The $?? BRC-20 NFT sales volume has plunged by 3.15% from the past week.

Source: cryptoslam.io, Top selling NFTs in the past seven days

2. CryptoPunks NFT Collection

CryptoPunks, an all-time top-selling non-fungible token collection featuring a limited edition of 10,000 NFTs previously created by the digital asset firm Larva Labs but now managed by the Bored Ape NFT creator Yuga Labs, is this week’s second most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has raised a trading sales volume of $12 million. The CryptoPunks NFT sales volume has surged by 28.60% from the past week.

3. Uncategorized Ordinals Collection

Uncategorized Ordinals, a non-fungible token collection created by the Bitcoin developer Casey Rodarmor on January 20, 2023, on the Bitcoin blockchain network, is this week’s third most-selling NFT collection in the NFT market. These NFTs are not part of any official collection. In the past seven days, the Uncategorized Ordinals NFT collection has raised a trading sales volume of $10 million. Uncategorized Ordinals NFT trading sales volume has surged by 89% from the past week.

4. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling non-fungible token collection from the digital asset incubation studio Yuga Labs, featuring a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s fourth most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club NFT collection has raised a trading sales volume of $9.6 million. During this time, the Bored Ape Yacht Club NFT sales volume has surged 101% from the past week.

5. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the digital asset incubation studio and toy brand Igloo.Inc., featuring a limited set of 8,888 cartoon penguin birds hosted on the Ethereum network, is this week’s fifth most-selling NFT collection in the NFT market. In the past seven days, the Pudgy Penguins NFT collection has recorded a trading sales volume of $6.9 million. The Pudgy Penguins NFT sales volume has surged by 79% from the past week.

6. Mutant Ape Yacht Club NFT Collection

Mutant Ape Yacht Club, a non-fungible token collection from the digital asset incubation studio Yuga Labs featuring a limited edition of 20,000 mutant apes hosted on the Ethereum blockchain network, is this week’s sixth most-selling NFT collection in the NFT market. In the past seven days, the Mutant Ape Yacht Club NFT collection has amassed a trading sales volume of $5.9 million. Mutant Ape Yacht Club NFT sales volume has surged by 252% from the past week.

Source: cryptoslam.io, Top selling NFTs in the past seven days

7. Guild Of Guardians NFT Collection

The Guild of Guardians, a non-fungible token collection from Guild of Guardians, a renowned role-playing NFT game that allows players to take teams of heroes through challenging dungeons to collect redeemable resources, is this week’s seventh most-selling NFT collection in the NFT market. In the past seven days, the Guild of Guardians NFT collection has amassed a trading sales volume of $5.7 million. During this time, the Guild of Guardians NFT trading sales have surged by 5.06% from the past week.

8. DMarket NFT Collection

DMarket, a non-fungible token collection from the DMarket, a renowned NFT Marketplace for secure buying, selling and trading of NFT items on the Mythos Chain network, is this week’s eighth most-selling NFT collection in the NFT market. In the past seven days, DMarket NFT collection has amassed a trading sales volume of $5.5 million. During this time, the DMarket NFT trading sales volume has plunged by 2.54% from the past week.

9. Courtyard NFT Collection

Courtyard, a non-fungible token collection featuring a limited set of 800 unique NFTs modelled after real Pokemon cards that are physically stored by Brink’s in a secure location, is this week’s ninth most-selling NFT collection in the NFT market. In the past seven days, the Courtyard NFT collection has recorded a trading sales volume of $2.9 million. Courtyard NFT sales volume has surged 44% from the past week.

10. Bitcoin Puppets NFT Collection

Bitcoin Puppets, a non-fungible token collection featuring a limited set of 10,001 hand-drawn NFTs created using Microsoft Paint by a 12-year-old artist, “The Puppeteer” and stored in the Bitcoin blockchain network, is this week’s tenth most-selling NFT collection in the NFT market. In the past seven days, the Bitcoin Puppets NFT collection has raised a trading sales volume of $2.8million. During this time, the Bitcoin Puppets NFT sales volume has plunged by 23% from the past week.

Top NFT Collectible Sales Made This Week

Uncategorized Ordinals was the most costly NFT collection sold this week, selling for $6 million three days ago. TokenVesting Plan #1109 NFT was the second most-costly NFT collection sold this week, selling for $962,278 two days ago. An Axie Infinity was the third most costly NFT collection sold this week, selling for $178,652 five days ago. The Pond NFT collection was the fourth most costly NFT collection this week, selling for $51,751 two days ago.

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The Non-Fungible Token sector is experiencing a real monthly momentum, with November NFT sales reaching 562 million dollars. Such volume had not been seen for six months and is a significant 356 million dollars more compared to October 2024. 

NFT Sales: November Momentum Closes with a Volume of 562 Million Dollars

The Non-Fungible Token are back on track with the NFT sales volume of November 2024 reaching 562 million dollars. 

According to the data from CryptoSlam, such volume had not been seen for six months, when in May NFT sales closed the month at 599 million dollars. 

Not only that, it seems that this month there has been a real sector momentum, given that the increase in NFT sales in November is 356 million dollars more compared to October 2024. 

However, these numbers are still far from the NFT sales volume of the early months of 2024. In fact, in January, February, and April, the monthly volume was 1.2 billion dollars. 

In March 2024, instead, the NFT sector recorded its annual record at the time, with the volume of NFT sales rising to 1.6 billion dollars. On the contrary, September 2024 was the month with the minimum annual at the time, with the volume of sales falling to 303 million dollars. 

In any case, going back to this just concluded month of November, it seems that the momentum of NFT sales had already been noticed with the weekly volumes. During the third week of the month, the volume was 158 million dollars, an increase of +69% compared to the first week of the month, when it was 93 million dollars.

NFT Sales: CryptoPunks among the top collections for increases in November 2024 

Continuing the analysis of November 2024 for the NFT market, among the top collections for sales emerges that of CryptoPunks. 

In fact, at the time of writing, the monthly sales of CryptoPunks have increased by +444%, which is over 54 million dollars. Not only that, the collection has also recorded 416 sales transactions, 233% more than a month ago.

The Bored Ape Yacht Club (BAYC) is also among the top NFT collections for sales, but with smaller increases compared to Crypto Punks. 

In fact, at the time of writing, the monthly sales of BAYC have increased by +128%, which is over 24 million dollars. Not only that, the collection has also recorded 500 sales transactions, 67% more compared to a month ago. 

Pudgy Penguins is currently the third collection in the NFT sales ranking, and in November, it experienced momentum more similar to CryptoPunks. 

At the time of writing, the monthly sales of Pudgy Penguins have increased by +297%, which is over 17 million dollars. Not only that, the collection also recorded 478 sales transactions, 158% more than a month ago.

Leading the momentum of NFTs are the Ethereum and Bitcoin blockchains

In terms of blockchain, leading this momentum of November 2024 with NFT sales were Ethereum and Bitcoin.

Specifically, the Ethereum network led the month with over 236 million dollars in sales volume, with an increase of 22% compared to a month ago. 

Bitcoin, on the other hand, has made quite the turn with more significant increases. The blockchain par excellence has recorded an increase in NFT sales of +102% compared to a month ago, for a total of 190 million dollars at the time of writing.

In the meantime, the November news of the NFT market saw the entry of Poste Italiane with the launch of the first NFT stamp with a “digital twin”. Also the new collaboration of the NFT Doodles collection with McDonald’s in honor of the Christmas holidays also at a digital level. At the beginning of the month, then, the famous Lamborghini launched the mint of its Revuelto NFTs with Transak and Animoca Brands.

Non-fungible tokens have been seeing a sharp increase in their daily sales over the past month as the broader crypto market entered its bullish phase.

NFT sales increased by 28% in the past 24 hours to $40.4 million, according to data provided by CryptoSlam. This is the highest level of trading volume for the sector in over seven months — last seen in late April.

Ethereum (ETH) is leading with $26.4 million in daily sales, followed by Bitcoin (BTC) and Solana (SOL) with $6.3 million and $2.5 million in trading volume, per CryptoSlam data. 

NFT sales | Source: CryptoSlam

The total number of NFT buyers has also increased by 7% to 41,000 and the number of sellers is hovering close to 30,000 addresses.

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Despite a 4% dip, CryptoPunks, a popular digital collection, is leading with $5.6 million in daily sales. The Bored Ape Yacht Club collectibles registered a 15% increase in their 24-hour volume to $3.2 million. 

According to data from CoinGecko, the floor prices of CryptoPunks, BAYC and Pudgy Penguins — the top three NFT collections by market cap — increased to $162,000, $85,900 and $54,500, respectively.

Data from the price aggregator shows that the CryptoPunks market cap surpassed the $1.6 billion mark while the Ethereum price dropped 0.4% to $3,680.

Cardano (ADA) recorded the most expensive NFT sale of the day. The Cardano-based 8-bit Zombie #0388 collectible was sold for over $388,000 late Sunday. 

The total amount of sales on the Cardano network reached $594,000 with 266 buyers and 28 sellers in the past 24 hours.

Last week, the total NFT sales volume reached $146.5 million, crypto.news reported Sunday.

The surge in NFT sales comes as the cryptocurrency market recorded an impressive run after the U.S. elections and Donald Trump’s win over Kamala Harris. Per data from CoinGecko, the global crypto market cap reached an all-time high of $3.628 trillion earlier today.

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The Non-Fungible Token (NFT) market has experienced a remarkable recovery, posting a 57.8% surge in sales during November. As digital collectibles regain their momentum, the $562 million recorded in sales marks a significant improvement over October’s figures. 

This upward trend represents the highest monthly sales volume since May 2024, when NFTs hit $599 million in sales. Though still shy of the peak reached earlier in the year, the market shows promising signs of revival after a prolonged slump.

CryptoPunks Lead NFT Revival

After reaching a staggering $1.6 billion in sales back in March, the NFT market entered a period of decline, hitting its lowest point in seven months. 

Each subsequent month saw a drop in sales volume until November’s impressive rebound. The resurgence of digital collectibles reflects the broader recovery in the crypto market. This momentum sets the stage for continued growth in the NFT space.

Among the standout performers in November, CryptoPunks shone brightly. The iconic collection saw a dramatic rise in its floor price throughout November.  It climbed from 26.3 Ethereum, valued at $73,000 on November 1, to 39.7 Ethereum, which was around $147,000 by the end of the month.

This 50% jump in price was accompanied by a remarkable 392% increase in sales volume, reaching over $49 million. The number of transactions also saw a significant rise, up by 213% compared to October, with 388 sales recorded during the month.

Another collection capturing attention in November was Pudgy Penguins, which saw its monthly sales volume soar by 262%, reaching $16 million. The floor price of the collection also rose significantly. 

It increased by 49%, from 8.7 Ethereum on November 1 to 13 Ethereum totaling $48,000 by November 30. This surge highlights the growing demand for rare and unique digital assets in the NFT market.

Ethereum Leads, Bitcoin Booms

Ethereum continued to dominate the NFT landscape in November, with a total sales volume of $216 million, up 12% from October. 

However, it was Bitcoin that saw the most impressive growth among the top blockchains. It recorded a staggering 99.44% increase in sales volume to reach $186 million. This marks a notable shift as Bitcoin becomes an increasingly popular network for NFT transactions.

The Broader Blockchain Landscape Drive Surge

Beyond Ethereum and Bitcoin, other blockchains like Solana, Mythos Chain, Immutable, Polygon, and BNB Chain collectively contributed $162.9 million in NFT sales. 

These networks show that, while Ethereum remains the leader, the NFT market is diversifying, with several blockchains experiencing notable gains.

As the NFT market continues to recover and expand, these figures demonstrate that digital collectibles are far from fading. With impressive price increases, rising sales volumes, and growing interest from both collectors and investors, the future of NFTs looks brighter than ever.

The post NFT Market Sees Rebound with $562M Surge in November Sales appeared first on TheCoinrise.com.

NFTs saw a significant uptick in sales volume over October, reaching $562 million.

On Monday, November 25th, the floor price of CryptoPunks hit 37.68 ETH.

As interest in digital collectibles continues to rise, sales of non-fungible tokens (NFTs) surged by 57.8 percent in November, continuing their monthly upward trend.

An analysis by analytics firm CryptoSlam revealed on December 1st that NFTs saw a significant uptick in sales volume over October, reaching $562 million. NFT monthly sales in November hit a new record, according to CryptoSlam statistics. The previous best was in May, when digital collectibles recorded sales volume of $599 million.

CryptoPunks Leads the Way

On Monday, November 25th, the floor price of CryptoPunks hit 37.68 ETH, which is the highest it has been since May. Since the beginning of the month, when the floor price was 25.35 ETH, there has been a tremendous 47% growth.

November was a banner month for the NFT market as a whole, but CryptoPunks really shone. Despite the general upturn in the NFT market, CryptoPunks has performed better than any other popular collection by a wide margin.

In contrast, BAYC has increased by 7%, Milady Maker by 34%, and Pudgy Penguins by 28% within the same time frame. Compared to CryptoPunks’ 47% leap, the average floor price increase for these rival collections is 34.5%.

A representation of the history and culture of NFTs, CryptoPunks was one of the first big NFT initiatives. Among the more seasoned “whale” market players and traders, their inherent worth as “OG” NFTs makes them a reliable blue-chip asset.

Positive sentiment has returned to the NFT market as a whole after Bitcoin hit a new all-time high; this upbeat mood has most likely permeated NFTs as well, with prominent collections like CryptoPunks reaping the lion’s share of the spotlight.

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According to Odaily, the blockchain game Alien Worlds has issued a warning to its community regarding the resurgence of harmful fake NFT collections. The announcement, made on platform X, urges buyers to exercise caution and vigilance when purchasing NFTs. The game developers emphasized the importance of verifying the authenticity of NFTs to ensure they originate from official and verified collections.

This alert comes as fraudulent NFT activities continue to pose significant risks to unsuspecting buyers in the digital marketplace. Alien Worlds, a popular game in the blockchain space, is taking proactive measures to protect its users from falling victim to these scams. The team advises potential buyers to conduct thorough checks before making any purchases, highlighting the need for due diligence in the rapidly evolving NFT landscape.

The resurgence of fake NFTs underscores the ongoing challenges faced by the blockchain community in maintaining a secure and trustworthy environment. As the popularity of NFTs grows, so does the sophistication of scams targeting collectors and investors. Alien Worlds' warning serves as a timely reminder for all participants in the NFT market to remain vigilant and informed, ensuring that their investments are safe and legitimate.