Ethereum-based NFTs see a robust start to December with a staggering $187 million in weekly sales volume, led by Pudgy Penguins and CryptoPunks collections. As the NFT market rebounds, Ethereum’s price concurrently makes substantial gains, crossing the $4,000 mark.
Observing a significant surge in November 2024, the NFT market’s sales volume increased by 57.8%, indicating a robust uptick in interest during the broader recovery of the cryptocurrency sphere, led by blue-chip collections and a varied blockchain ecosystem.
XRP surpasses the $2 mark, reaching a high not seen since January 2018, and eclipses Solana in market cap, as Ethereum hits a six-month peak, signaling a bullish trend in the crypto market.
Despite a minor weekly setback, the NFT market progresses strongly in November, with Ethereum and Solana leading in sales and buyer count, respectively.
Ethereum’s value jumps over 4% amid a shift in market dynamics, with increased buying and the potential for a significant price rally if it holds above key resistance levels.
Earlier today, Tether Treasury has bolstered the USDT stablecoin’s presence on Ethereum by minting an additional 1 billion tokens, as reported by Whale Alert and confirmed by Tether’s CEO, Paolo Ardoino.
Nubank enhances the crypto trading experience with a new feature allowing users to swap Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Uniswap (UNI) directly for USD Coin (USDC), simplifying the process while planning to add more token pairs soon.
Solana (SOL) has been witnessing a bullish trend, potentially heading towards the $300 mark, fueled by a broader crypto market surge with Bitcoin hitting new records above $93,000. Technical patterns and strong market performance against Ethereum, alongside positive regulatory shifts and institutional interest, are shaping a promising outlook for SOL.
Major investors in Toncoin and Cardano are redirecting funds toward Rollblock, an emerging DeFi star with lucrative staking and yield farming options, promising significant market growth.
The crypto market witnessed significant growth with Bitcoin surpassing $81,000, driven by a six-day record-setting rally. This surge boosted various major and midcap tokens, including notable spikes in Dogecoin and Shiba Inu, amidst optimistic trading conditions and a weekend filled with high trading volumes.
