NFT Market Capitalization Surpasses $6 Billion

Source
Uk Jin

Summary

  • The total market capitalization of NFTs increased by 17.3% from the previous day, reaching $6,047,000,000.
  • 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—CryptoPunks, Moonbirds, Infynex Patron, Pudgy Penguins, and BAYC—were all reported to have risen together.

It appears that a large number of investors are flocking to the non-fungible token (NFT) market.

According to CoinGecko, a cryptocurrency data analytics website, as of 12:12 PM KST on the 21st, the total market capitalization of NFTs stood at $6,047,000,000—a 17.3% surge from the previous day.

The rebound of Ethereum (ETH) network NFTs played a key role. The floor price of CryptoPunks rose 14% from the previous day to $175,320. Following this, Moonbirds (+31.1%), Infynex Patron (+9.4%), Pudgy Penguins (+2.7%), and BAYC (+6.9%) also showed remarkable upward trends.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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