As per data from CryptoSlam(dot)io, the trading volume of the global NFT market surged 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. 

Source: CryptoSlam(dot)io

Mushroom #193  is the second most costly NFT intraday traded for $65,210, a few percent more significant than the price of Bitcoin. Until publishing, BTC was trading at $63,549, with a surge of 8.21% in the past seven days. 

However, VotingTokenVesting #32 has led the list of the most pricey NFT traded as it was sold for $328,683. Despite intraday traction, the trading volume of the NFT market fell around 46.50%. 

In a week, NodeMonks NFTs have become the most traded as its buying volume surged around 33% and selling reached 187 sellers with a growth of 50.81%.  

According to Statista’s study, global NFT users are expected to reach 16.35m 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 entire market is dominated by OpenSea, followed by LooksRare with 6%, and X2Y2 dominates 2%, including others.

Market News Updates 

The optimism expressed by the leader of the traditional finance system over Bitcoin and other digital assets has helped cryptocurrencies reach a wider user base. During a discussion with CNBC reporter Larry Fink, the CEO of BlackRock, he argued that it could reach $100,000 soon. 

Additionally, Fink said that he was a skeptic before exploring and studying cryptocurrencies intensely. Still, after his deep understanding following that helped, he considered digital assets as one of the wildest contenders of traditional currency. 

On September 23, Todayq reported that the tax regulators of Argentina discovered cryptocurrency mining rigs from a firm known for cereal farming, and the devices found were estimated to be worth over $18 million. 

The same agency seized over 340 mining rigs during a routine search of port and shipping containers; additional information notes that the recovered rigs seem to be smuggled products from outside the nation. 

The surging pace of crypto scams, frauds, and thefts has raised severe concerns over the security of the available projects; however, on September 23, a blockchain analysis firm reported that it had identified that a group of hackers drained. 

In the previous week’s closing, Nayib Bukele, the president of El Salvador, met the owner of ‘X,’ Elon Musk, to discuss the future of AI and cryptocurrencies for humankind. Musk received a homegrown gift from Nayib; in return, he gave him a can of Coca-Cola. 

Crypto Market Price Update 

In the past 78 hours, a strong bull dominance has been observed in the broader market; when writing, the cryptocurrency market capitalization was $2.24 trillion, with a surge of 8.31% in the past seven days. 

Until publishing the fear and greed index powered by CoinMarketCap, it was at 51, reflecting neutrality in the market; however, Bitcoin was trading at $63,215 with an intraday surge of 1.1%. 

Despite continuous sell-off and whale conversion, Ethereum’s price continues to grow, reaching $2,646 with a surge of 2.31% in the past 24 hours and a growth of 14% in a week.