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ETH NFTs Run

gm Bankless Nation, with ETH outperforming the other crypto majors right now, Ethereum's top NFTs are catching bids!
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Nov 29, 20243 min read
ETH NFTs Run
Published on Nov. 29th, 2024
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NEWS ROUNDUP
ETH NFTs Run

Ethereum’s outperformance this week has turned heads. While BTC is down 2% and SOL is down 4.6% over the past 7 days, ETH is up 8.9%. What’s driving the rally?

One big factor is renewed excitement around Base, where L2 apps like Clanker and Anoncast on Farcaster have been capturing tons of attention. Yet this surging isn’t limited to ETH itself—top ETH NFTs have notably been seeing revivals too.

For instance, consider the weekly floor price performances of the top 5 NFT collections by market cap:

  • CryptoPunks: +7.5%
  • Bored Apes: +32%
  • Pudgy Penguins: +15.5%
  • Miladies: +6%
  • Mutant Apes: +44%
via NFT Price Floor

That said, after months of quiet, these Ethereum NFTs are gaining momentum again, indicating buyers are feeling renewed optimism about the ETH ecosystem. Digital collectibles are coming back in focus as interest and activity clearly pick up around Ethereum once more.

The grand question, will this trend continue? I personally like the chances of that for the foreseeable future. In the meantime, be sure to keep an eye on NFT markets in the weeks ahead—things can pick up rapidly here!

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FRIEND & SPONSOR: CARTESI

Cartesi has announced the addition of a Validator Marketplace to its roadmap—a decentralized platform connecting dApp developers with validators. This marketplace aligns incentives within the ecosystem, boosts CTSI token utility, and offers a solution for unlocking the full potential of appchains, even beyond Cartesi.

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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