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Bitcoin (BTC) and Ethereum (ETH) Rally Boosts NFT Market Surge

source-logo  coingape.com 06 December 2023 04:27, UTC

The recent upswing in the values of Bitcoin and Ethereum has led to a significant boost in various NFT markets. Notably, collections on Ethereum and Solana are experiencing a surge in value and interest. Pudgy Penguins, an Ethereum-based collection, has seen a 77% increase in its USD floor price over the past week, while trading volume has escalated by 397%. This surge indicates a strong recovery and growing investor confidence in NFTs linked to these blockchain networks.