China News by Thebittimes.Com

The global non-fungible token market shows remarkable signs of recovery, though it hasn’t fully returned to its peak levels. Despite a brutal downturn in the past several months, the NFT market has surged positively for the third week. In the past seven days, the global NFT market has raised a trading sales volume of more than $100 million. Below, we have listed some of the top-selling NFT collections this week: 1. CryptoPunks NFT Collection CryptoPunks, a globally acknowledged non-fungible token collection featuring a fixed edition of 10,000 Ethereum pixilated NFTs previously created by the digital asset firm Larva Labs but now managed by Infinite Node Foundation, is this week’s most-selling NFT collection in the global NFT market. In the past 24 hours, the CryptoPunks NFT collection has recorded a trading sales volume of 287 ETH. During this time, the CryptoPunks NFT collection has a market cap of $1.1 billion and a floor price of $118,914. 2. Bored Ape Yacht Club NFT C...

Ethereum, a decentralized blockchain network renowned for powering the majority of blue-chip non-fungible token collections, is once again the star of the NFT market. Ethereum began shining in the NFT market earlier this week after most blue-chip NFTs spearheaded by the famous Bored Ape Yacht Club retested a short-market bull run. Bored Ape Yacht Club pic.twitter.com/1vTWEi91Ue — GordonGoner.eth (Wylie Aronow) 🍌 (@GordonGoner) August 16, 2024 Data compiled by CryptoSlam.io, an on-chain crypto market data analytics firm and a renowned non-fungible token explorer, shows that the Ethereum-based non-fungible token collections have significantly surged this week. In the past 24 hours, the Ethereum-based NFT collection has attracted a trading sales volume of $6.8 million, up 54% from the past day. Bored Ape Leads Again In Daily NFT Sales Volume Bored Ape Yacht Club, a non-fungible token collection from the digital asset incubation studio Yuga Labs that Features ...

Almost every ApeCoin (APE) holder is at a loss, as the token is down 96% from April 2022 peaks. Analysts expect even more draw-down in the coming sessions. According to the data from IntoTheBlock, a blockchain analytics platform, 96% of APE holders , representing over 130k addresses, are in red. The decline isn’t solely in prices but extends to its transactional activity. Active wallets are down 61% in the last week alone. Additionally, the daily transaction count has crashed by 43%. One investor who initially bought 93,700 APE for over $2 million, recently liquidated all holdings at $1.51 per coin, realizing a loss of $1.5 million. APE was a trending token last year. Linked to the Bored Ape Yacht Club (BAYC), a popular non-fungible token (NFT) collection, it became a sensation almost overnight. You might also like: BAYC NFT floor price drops 90% from $600,000 in 18 months After launching in March 2022, APE prices rocketed to $26 by April, surging 220% in a month...