The post Breaking Down the Hottest NFT Collections appeared on BitcoinEthereumNews.com.

The week proved to be dynamic for the NFT market leaders: CryptoPunks have led the charts by weekly sales volume and were able to rake in an astonishing $19.32 million in sales, which was 843.95% higher than the volume transacted the previous week.  CryptoPunks has returned to the first position, reaffirming its position as one of the most vital collections in the sphere of digital art, staying relevant as a blue-chip NFT for both experienced and new users. CryptoPunks and the Rise of Bitcoin Puppets CryptoPunk’s dominance this week is underscored by whale activity, where 92 unique buyers transacted for more than 170 transactions. The increased demand for CryptoPunks can be explained by the fact that it is one of the first NFT projects, and with time, its popularity became a trademark of digital art. There is then Bitcoin Puppets, which comes second with $6.92M in sales, up by 223.28% from the previous week. In total, across this collection, 340 buyers engaged in 661 individual purchase transactions.  DMarket, NodeMonkes, and Guild of Guardians Gain Traction DMarket, which offers an enormous variety of digital assets, closed sales at $5.59 million. However, it slightly declined 0.46% but had 15,047 buyers and 206,999 transactions; this reiterates that the platform is both expansive and constantly active. This volume also demonstrates how DMarket has emerged as one of the platforms for digital assets, including those used in the games and collectible tokens. New to the list, NodeMonkes entered big and recorded $4.24 million in weekly sales with 164.40% growth. Reflecting the popular blockchain-related community focus of this collection, 257 people made purchases across 506 separate transactions. Guild of Guardians, an RPG game based on the blockchain, set a very important profit with $3.63 million in sales, rising 25.97%. More than 3,000 buyers and 5,448 transactions…

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Filed under: News - @ November 16, 2024 7:24 pm