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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Recently, the NFT market, which was once thought to have lost its vitality, seems to show signs of revival. According to the latest data from CoinGecko, the total market capitalization of the NFT zone has returned to the $6 billion mark, currently reaching $6.417 billion, with a rise of 23.2% within 24 hours. Even more remarkable is the surge in volume, with the total trading volume in the past day nearing $40 million, an astonishing increase of 318.3%.
Among many NFT projects, CryptoPunks, Moonbirds, and Pudgy Penguins stand out particularly. The outstanding performance of CryptoPunks is due to a large investor making substantial purchases in a short period. According to NFT artist Jediwolf, 76 CryptoPunks changed hands in less than 5 hours, marking the largest concentrated transaction for the series since 2021. As of the latest report, the floor price of CryptoPunks has reached 47.5 ETH, rising by 15.9% within 24 hours.
The Moonbirds project has gained attention due to an unexpected event. The well-known NFT trading platform OpenSea briefly changed its official social media avatar to images from the Moonbirds series, a move that quickly boosted the project's popularity. The latest data shows that the floor price of Moonbirds has risen to 1.94 ETH.
Despite the excitement of this rise, market participants should remain cautious. The volatility in the NFT market has always been significant, and whether this increase can be sustained remains to be seen. At the same time, investors should focus on the long-term value and development potential of projects, rather than merely following short-term price fluctuations.
The recent brief resurgence of the NFT market has also sparked discussions within the industry about the future development of digital art and blockchain technology. Some analysts believe that as the concept of Web3 becomes more widely understood and related technologies continue to improve, NFTs may find new opportunities in a broader range of application scenarios.
However, experts also remind us that the healthy development of the NFT market requires a more完善的监管环境和更成熟的生态系统. Investors should fully understand the related risks and view market fluctuations rationally when participating in NFT transactions.