According to BlockBeats news on December 25th, it seems like the NFT market might be picking up steam again! Per CryptoSlate’s NFT Price Floor data, the top ten NFT series saw an average increase of 6.4% in the past week, which is quite impressive considering the broader crypto market experienced a decline of -8.6% during the same period.
Leading the pack was Space Doodles with a whopping 44.7% increase, followed closely by Lil Pudgys and Doodles at 35.1% and 34.8% respectively. Additionally, Azuki and Pudgy Penguins also saw positive growth exceeding 14%. While this news might be encouraging for some, it’s important to note that overall trading activity in the market remains weak.
Weekly NFT transaction volumes on Ethereum were down 28.5% from the previous month at $129 million, while transactions on both the Bitcoin and Solana chains saw decreases of 46% and 38.5% respectively. Moreover, mainstream NFT series like CryptoPunks, BAYC, and MAYC are still far from their historical highs, with prices down 65%, 87%, and 91% from their respective peaks.
Reported by m.theblockbeats.info