NFT Market Cap Jumps 21% to $6.3B Overnight

NFT Market Cap Jumps 21% to $6.3B Overnight

The NFT market surged over 20% in a day to $6.3B, driven by renewed demand for Ethereum-based collections after a prolonged slump.

NFT Market Heats Up, But Is It Just Temporary Hype?

Data from CoinGecko shows the total NFT market cap reaching $6.04 billion, marking a 16.9% increase in 24 hours — the highest level since early February. A spike in trading activity accompanied the rally, with CryptoSlam reporting a 154% jump in global NFT sales volume, totaling $41.4 million in a single day. Much of the excitement was driven by a whale purchase of 45 CryptoPunks for over 2,080 ETH (around $7.8 million), according to OpenSea. Th…

NFT Market Awakens With 28% Surge, Sparking New Momentum

The NFT market has roared back to life. In a single day, total market capitalization leapt from $5.1 billion to $6.6 billion,a 28% surge that hasn’t been seen in months. For the first time since early in the year, activity has snapped from dormancy into full swing, and collectors and traders alike are dusting off their wallets. Trading volume has followed suit. Last week’s turnover exceeded $140 million, the highest weekly tally since January. O…

NFT Market Cap Surpasses $6.7 Billion After a 28% Single-Day Surge - Crypto News Flash

NFT market cap jumped 28% in 24 hours, signaling renewed investor interest and increased network activity. A massive whale sweep of 45 CryptoPunks sparked fresh momentum across top NFT collections. While the market spotlight is on altcoins, NFTs are apparently not to be outdone and are making a comeback. According to CoinGecko, in less than 24 hours, the NFT market cap surged 28%, breaking through the $6.7 billion mark. In fact, at the beginning…

Blistering NFT ‘sweep’ underway as CryptoPunks, Penguins surge

NFTs are roaring back as CryptoPunks and Pudgy Penguins post double-digit floor price gains, and the overall market cap spikes over 21% to $6.34 billion.

NFT Market Capitalization Surpasses $6 Billion

It was noted that the rebound of the Ethereum (ETH) network NFTs played a significant role in this upward trend. The prices of major NFT collections— … Source link The post NFT Market Capitalization Surpasses $6 Billion first appeared on Crypto News Wire.