Search for:
  • Home/
  • NFT/
  • Crypto News: NFT sales are on the rise – is the next NFT bull run coming? -Coincierge.de

Crypto News: NFT sales are on the rise – is the next NFT bull run coming? -Coincierge.de

Click Here to See the Top Crypto Presales That Could Grow Tenfold This Year!

Non-Fungible Tokens (NFTs) are currently enjoying a renaissance despite the ongoing bull market in the broader crypto sector. A new report from DappRadar for November shows that the NFT ecosystem is trending positively for the second month in a row. With an impressive 125% increase in trading volume in November and total sales reaching almost $1 billion, the question arises: Is the NFT market ready for a new bull run?

Increasing sales and trading volumes: A new boom for NFTs?

According to DappRadar’s November report, the NFT ecosystem saw an impressive 125% increase in transaction volume during the month; This corresponds to approximately 1 billion dollars.

Alongside this huge increase in transaction volume, DappRadar also reported a moderate 5% increase in sales, bringing the total number of transactions to 3.6 million in November. These figures show that NFT investors are increasingly active in buying and selling their favorite pixel-based, blockchain-backed assets at premium values.

Most importantly, the average transaction value increased from $126 in October to $270 in November; this is up 114% over a 30-day period. Such data points not only to increased interest in NFTs, but also to investors’ increased willingness to pay higher amounts for digital collectibles.

Also noteworthy is the growth of Unique Asset Wallets (UAWs), especially in the on-chain gaming space, reaching 3.4 million UAWs. This reflects an increase of 14% and maintains industry dominance of 34%. Figures show that NFTs are gaining popularity, especially in the gaming space, and are playing an increasingly important role in the decentralized ecosystem.

Given the data and trends, the question is whether the NFT market is on the verge of another bull run. With increasing trading volumes and sales, as well as increasing participation in various fields such as gaming, NFTs appear to be further consolidating their position in the digital asset market and could potentially lead to a new wave of growth and innovation.

Market dominance and competition: OpenSea and Blur in the NFT industry

The NFT industry, which relies heavily on on-chain markets, is also currently undergoing an interesting transformation. OpenSea, long the dominant market, is facing increasing competition from the Blur platform.

According to DappRadar’s report, Blur has reached a leadership position in the NFT industry with a 35% market share in transaction volume. The impressive figure shows how much Blur is challenging OpenSea, which was once considered the undisputed market leader. Centralized crypto trading hub OKX follows closely behind with a 32% market share, while OpenSea falls to third place with a minimum annual trading rate of 14% executed on its platform.

Despite the decline in market dominance, OpenSea maintains an active community of 191,000 NFT investors. The truth is that OpenSea still plays a significant role in the NFT market, despite being challenged by new players like Blur. The report shows that OpenSea is under increasing pressure due to the rise of Turbidity.

The recent shift in market dominance is a clear sign that the NFT community is open to change and new platforms offering improved trading opportunities and features.

This Coin Could Benefit from Positive Dynamics in the Crypto Space

The innovative blockchain game project Meme Kombat can play an important role in the positive dynamics of the cryptocurrency market. The project’s native token, $MK, has already performed impressively in presale, with a target of $3.5 million and a starting price of $0.1667 per token.

Buy $BTCMTX now

The project differs with its play-to-win concept, which allows players to actively generate income through automatic battles powered by advanced artificial intelligence technology. The project also offers attractive staking options that provide high annual returns, encouraging long-term investments. All these factors, combined with the growing interest and adoption of blockchain-based games, position $MK as a potentially strong player that could benefit from the current positive market development in the crypto space.

Bitcoin ETF – Best Token Before Selling

  • The first tradable ETF token gained 100%.
  • Staking combined with deflationary methods.
  • Earn rewards based on real market events.

Bitcoin Minetrix – First ERC-20 token to be mined

  • First ERC-20 token to be mined
  • BTCMTX staking for cloud mining credits
  • Buy Bitcoin Minetrix now and start cloud mining

Meme Kombat – New game platform is on pre-sale

  • New bet amount to earn meme money in pre-sale
  • Place bets, win Meme Kombat Battles, win prizes
  • Powered by the secure Ethereum network

Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.

Leave A Comment

All fields marked with an asterisk (*) are required