The release of a Trump-themed meme coin coincides with the departure of SEC’s crypto skeptic Gary Gensler, signaling a potential shift toward a freer regulatory climate and reigniting the speculative fervor reminiscent of the NFT boom.
The NFT market experienced its sharpest decline in sales and trading volumes since 2020, with a notable 19% annual downturn in trading volumes and an 18% decrease in sales, according to DappRadar. While the crypto sector grows, the NFT space struggles with valuation and participation issues.
The Palestine Museum US in Connecticut has introduced a unique NFT collection featuring the work of Gaza artist Mohammed Alhaj, aimed at supporting Palestinian artists and showcasing their resilience and creativity on the global stage. This initiative represents the first museum-led NFT program in Gaza, marking a significant advancement in digital art consumption and cross-border cultural exchange.
Following a significant purchase by Microstrategy’s Michael Saylor, Bitcoin witnessed an 8% surge, reaching the $98,000 milestone, amidst a dynamic week that saw extensive activities across the cryptocurrency markets, including altcoin rallies and innovative NFT adoption by Telegram.
he NFT market witnessed a significant rise in 2024, with a total sales volume reaching $8.8 billion, showcasing a $100 million increase from 2023. Ethereum, Bitcoin, and Solana led the blockchain scene, with notable sales spikes and standout collections like Pudgy Penguins driving the market’s momentum.
This week witnessed a sharp increase in Ethereum NFT sales, topping $300 million with standout collections like Pudgy Penguins and Azuki. Concurrently, two young Californians were charged with engaging in NFT related frauds amounting to $22 million. Additionally, a retrospective look at 2024 reveals significant resilience in the NFT market amidst various challenges.
The NFT market witnesses a significant sales spike of 16.36%, totaling $224.5 million, amid fluctuating cryptocurrency values. Notably, Pudgy Penguins leads with sales escalating by 50%, while Ethereum remains the dominant blockchain network.
Solana (SOL) is gaining traction, trading around $226.74 with positive signs for further growth. Boosted by dApps and NFTs activity, alongside favorable economic trends, SOL is on the verge of a breakout with a $264 target in sight and an optimistic projection of reaching $300.
The NFT market experienced a robust start to December, with weekly sales volumes hitting $187 million, showcasing increased investor interest. However, the period also highlighted challenges, such as notable scams and technical issues with new crypto token launches.
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.
