NFT Market Shows Signs of Recovery After Long Slump
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NFT sales and prices are rising after a long slump, with trading volume up 32% in October and floor prices for top collections like CryptoPunks and Bored Apes up over 60%.
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Popular NFTs like Bored Apes are seeing more trading volume, up 140% in the past month, as interest and engagement return.
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Sentiment is improving with excited chatter on crypto Twitter about purchases and gains, though some issues remain.
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Context is key - activity is up but still far below 2021 peak levels, and Bitcoin remains down 46% from its all-time high.
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If you have NFTs, check their value - they may have recovered significantly from their lows in recent months.