Ethereum NFT market witnesses a bullish trend
The market for Ethereum non-fungible tokens (NFT) is currently seeing an unwavering bullish trend. Recently, there has seemed to be a lot more activity, which clarifies that things are much better than previously thought. With a closing value of more than $231 million, the weekly trading volume has dramatically climbed. This was made possible by the fact that there were 154,000 traders who were in charge of carrying out 474,000 transactions. A single trader executed 3.1 trades on average, with an average volume of $487.
These very encouraging figures are the biggest proof that the NFTs, which are digital assets, are indeed seeing an enormous upward swing and cannot be set aside for anything else. They frequently stand out when it comes to art, collectibles, and virtual real estate. The present scenario happens to be witnessing the enormous amount of popularity the NFTs are generating, which in turn is helping the overall market boom.
META & NFT WORLD
