Trading Volumes Of NFT CryptoPunks Grew By A Quarter In A Day

Analytical services showed that the trading volume of non-fungible tokens (NFT) from the CryptoPunks collection increased by approximately 25% over the past 24 hours as of 13:30 Moscow on August 11, 2022. Digital Punk #8576 was the most expensive sale of the day.

According to the popular DappRadar resource, user interest in the CryptoPunks NFT collection has grown dynamically over the past weeks. Over the past day, the volume of trading operations related to this meeting amounted to $1.7 million. They included 10 deals. Experts noted that the minimum price of CryptoPunks at the time of writing the news was about 75 ETH ($130 thousand), and the average cost of a piece of virtual art is about 100 ETH ($175 thousand). The most expensive copy was sold for $350 thousand or 200 ETH.

Experts noted that there are all prerequisites for counting on the revival of the NFT market, following the entire cryptocurrency industry. This is due to the fact that users in recent weeks have again begun to show increased interest in the items of virtual NFT collections, including the most popular – CryptoPunks. Trading volumes are regularly growing, and other meetings are no exception.

Analysts expressed the opinion that in the coming weeks, the demand for collections will continue to increase, following the positive dynamics of the bitcoin (BTC) and other leading altcoins. If the trend continues, then we can say about a new boom in the NFT market.

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