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.
Circle has launched CCTP V2, an advanced version of its Cross-Chain Transfer Protocol, aiming to enhance the transfer efficiency and user experience of USDC across various blockchains. This upgrade, set to go live in early 2025 on platforms including Ethereum, Base, and Avalanche, promises faster and more secure cross-chain transactions, positioning Circle to improve the landscape of digital payments and pursue its IPO ambitions.
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.
Türkiye has secured its position as the third-highest nation globally for cryptocurrency ownership, with a 19.3% rate, trailing behind the United Arab Emirates and Singapore. The trend reveals a growing global adoption with 562 million individuals now holding digital currencies, as Asia leads the expansion.
Bitcoin’s price surges past the historic $100,000 threshold, spurred by prospects of relaxed regulatory measures as President-elect Trump nominates former SEC Commissioner Paul Atkins to head the regulatory body. The cryptocurrency’s value has experienced a significant upswing since Trump’s election victory, signaling market optimism for a less stringent regulatory regime.
Dogecoin rekindles interest with its new blockchain-based game, Super Doginals, amidst a challenging market position. Simultaneously, IntelMarkets marks a significant milestone, raising $2.5 million in its presale, highlighting the growing integration of AI in crypto trading.
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.
Crypto analysts are closely watching XRP’s potential rise to a $2 valuation, with Bitcoin’s market influence being a critical factor for this anticipated surge by November’s end.
Despite a minor weekly setback, the NFT market progresses strongly in November, with Ethereum and Solana leading in sales and buyer count, respectively.
The global cryptocurrency market witnessed a remarkable $230 billion increase, reaching a valuation of over $3.29 trillion, driven by significant rallies in altcoins like Cardano, XRP, and DOGE, overshadowing Bitcoin’s anticipated $100K milestone.
