{"id":33345,"date":"2024-12-09T09:30:21","date_gmt":"2024-12-09T06:30:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33345"},"modified":"2024-12-09T08:18:23","modified_gmt":"2024-12-09T05:18:23","slug":"nfts-begin-december-strong","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/nfts-begin-december-strong\/","title":{"rendered":"NFTs Begin December Strong"},"content":{"rendered":"<p>The <strong>NFT<\/strong> market has made a powerful start to December, with Ethereum maintaining its lead as the top blockchain for digital collectibles. According to <strong>CryptoSlam<\/strong>, NFTs recorded a total weekly sales volume exceeding $187 million in the first week of December. This figure surpasses the strongest week in November when NFT sales reached $181 million.<\/p>\n<p>NFT sales, which had been on a decline since March, hit their lowest point in September, marking the weakest monthly sales volume since 2021. However, the market began recovering in October and saw a 57% month-on-month increase in November, with total volumes exceeding $562 million.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/nfts-begin-december-strong\/#Ethereum_Leads_With_92M_Weekly_Sales_Volume\" title=\"Ethereum Leads With $92M Weekly Sales Volume\">Ethereum Leads With $92M Weekly Sales Volume<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/nfts-begin-december-strong\/#Other_Blockchain_Networks_and_Market_Overview\" title=\"Other Blockchain Networks and Market Overview\">Other Blockchain Networks and Market Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/nfts-begin-december-strong\/#Ethereum_Price_Breaks_4000\" title=\"Ethereum Price Breaks $4,000\">Ethereum Price Breaks $4,000<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_Leads_With_92M_Weekly_Sales_Volume\"><\/span>Ethereum Leads With $92M Weekly Sales Volume<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ethereum recorded over $92 million in weekly sales, representing a 44.69% increase from the previous week. The surge was largely driven by collections like <strong>Pudgy Penguins<\/strong> and <strong>CryptoPunks<\/strong>, which posted significant sales volumes.<\/p>\n<ul>\n<li><strong>Pudgy Penguins<\/strong> saw a massive 346% increase from the previous week, with $25 million in sales. <strong>DefiLlama<\/strong> data shows that the collection&#8217;s floor price rose from 13 ETH on Nov. 30 to 20.9 ETH (approximately $83,000) by Dec. 8.<\/li>\n<li><strong>CryptoPunks<\/strong> followed, taking the second spot with $16.5 million in weekly sales. Its floor price briefly hit 44 ETH on Dec. 4 before settling at 40 ETH (around $160,000) by Dec. 8.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-12\/0193a55f-f92a-7d80-8f05-df8bc6ca43a7\" alt=\"nft\" width=\"908\" height=\"533\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Blockchain_Networks_and_Market_Overview\"><\/span>Other Blockchain Networks and Market Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Bitcoin-based NFTs<\/strong> came in second, recording $43.8 million in weekly sales.<\/li>\n<li>Networks like <strong>Solana, Immutable, Mythos Chain, Polygon, Cardano<\/strong>, and <strong>Flow<\/strong> collectively accounted for $47 million in sales.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_Price_Breaks_4000\"><\/span>Ethereum Price Breaks $4,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This rise in NFT activity coincided with Ethereum\u2019s price breakout. On Dec. 6, ETH surpassed $4,000, reaching a high of $4,067. An analyst noted that Ethereum is entering a new bullish phase, predicting it could repeat the impulsive breakout seen between 2016 and 2017, potentially reaching $15,000.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NFT market has made a powerful start to December, with Ethereum maintaining its lead as the top blockchain for digital collectibles. According to CryptoSlam, NFTs recorded a total weekly sales volume exceeding $187 million in the first week of December. This figure surpasses the strongest week in November when NFT sales reached $181 million.<\/p>\n","protected":false},"author":28,"featured_media":31177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[2751,6657,9928,9519,106,9931,105,9932,1006,2222,9927,9930,4324,9929],"class_list":["post-33345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-2751","tag-bitcoin-nfts","tag-cryptopunks","tag-digital-collectibles","tag-eth","tag-eth-price-analysis","tag-ethereum","tag-ethereum-4","tag-ethereum-price","tag-nft-market","tag-nft-sales","tag-nft-sales-volume","tag-pudgy-penguins","tag-solana-nfts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFTs Begin December Strong - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/nfts-begin-december-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFTs Begin December Strong - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The NFT market has made a powerful start to December, with Ethereum maintaining its lead as the top blockchain for digital collectibles. 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