The NFT industry has shown impressive growth over the past week. The main event was the rise in floor prices of popular collections, including Bored Ape Yacht Club and Mutant Ape Yacht Club. Many investors returned to active trading, which had a positive impact on the volume and value of cryptoassets. The Bored Ape Yacht Club collection showed a 50.05% increase in floor price, reaching 18.45 ETH. The total market capitalization of the series was 169.97 thousand ETH. The price increase was caused by increased demand from institutional investors and retail buyers. Mutant Ape Yacht Club exceeded expectations. The minimum price of the collection increased by 53.98% to 3.13 ETH. This is the largest weekly increase among all the top 10 collections. The price dynamics pushed trading volumes up to 1.68k ETH, a new record in recent months.
Doodles increased in price by 36.86%, taking the 8th position with a minimum price of 2.34 ETH. The Lil Pudgys collection also saw a 13.76% increase, strengthening its position in the market. These projects show that interest in unique art and creative approaches remains high.
CryptoPunks retained the title of the market capitalization leader with 400 thousand ETH. However, Milady Maker lost 7.25% over the week, falling to 6.4 ETH. Such dynamics can be related to the temporary oversaturation of the market with this collection. The current week confirmed that NFT collections continue to be in demand for investors. The stable growth of key digital collections indicates the market recovery after a period of decline. However, participants should be cautious due to possible price corrections.
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