Data shows the Non-Fungible Tokens (NFTs) have enjoyed a revival recently, something that could signal a bull market for the cryptocurrency sector.
NFT Volume On Ethereum Has Risen To Highest Level Since July
According to data from the market intelligence platform IntoTheBlock, the NFT market is finally showing some increased activity after what was a rather long while of silence.
The relevant indicator here is the “trading volume,” which keeps track of the total amount of these collectible assets that are being traded daily. In the context of the current discussion, only the NFTs on the Ethereum blockchain are of interest.
When the value of this metric rises, it means that these assets are seeing more trading activity. Such a trend can be a sign that the interest in these unique tokens is going up.
On the other hand, decreasing values of the indicator suggest the NFTs are losing their popularity among investors, as their usage is dropping on the blockchain.
Now, here is a chart th
We współpracy z: https://bitcoinist.com/nfts-are-seeing-resurgence-signs-crypto-bull-market/
