📈 NFT Market Bounces Back!
The NFT market is showing signs of recovery, according to a recent report by Galaxy Research. After a year of declining volumes, the tide turned in November, coinciding with the U.S. elections and a crypto market rally. Weekly NFT trading volumes surpassed $100 million, peaking at $172 million on Dec. 2.
- Top 25 collections are leading the charge, with platforms like OpenSea and Blur dominating the scene.
- Pudgy Penguins collections are soaring, with floor prices up over 200%!
What do you think is driving this resurgence? Share your thoughts in the comments!