NFT and concept coins are both recovering, is the sector rotating?
Data shows that the NFT market enjoyed a boom in November, with sales exceeding $562 million, a six-month high. Blue-chip NFT projects perform well:
MAYC: +84%
Pudgy Penguins: +29%
BAYC: +72%
Azuki: +25%
Doodles: +37%
Milady: +19%
At the same time, the NFT concept coin index has also risen sharply, with an increase of 300% in the past three months. Among them, the performance of the top tokens this month is as follows:
APE: +51%
BLUR：+94%
SUPER：+22%
NFT: +22%
This round of rise in the NFT sector is not driven by significant news narratives or the launch of new projects, but is more like the result of capital flows.
It is worth noting that the Magic Eden token will undergo TGE on December 10, and a large-scale airdrop is planned. This may further drive the flow, narrative and capital accumulation of the NFT sector, becoming a catalyst for the next wave of market trends.
