• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
NFT

NFTs Are Seeing A Resurgence: Signs Of Crypto Bull Market?

Keshav Verma
by Keshav Verma
1 year ago
·
Posted in NFT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

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.

Related Reading: These Could Be The Altcoins To Pay Attention To: Santiment

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 that shows the trend in the trading volume of the ETH-based NFTs over the past year:

Ethereum NFTs

Looks like the value of the metric has shot up in recent days | Source: IntoTheBlock on X

As displayed in the above graph, the NFTs had a relatively low volume during the past few months, but recently, the indicator’s value has started to show some rise.

Prior to this, the metric had last seen some notable increase during the early parts of the year, as Bitcoin and the wider cryptocurrency market rode lasting bullish momentum.

As the rally in the sector faded, though, the NFTs took a hit as well. In July, this class of digital assets saw interest plunge to lows and the volume continued to trade sideways at these bottom levels until recently.

Interestingly, the metric didn’t register any significant increase when the rally toward $35,000 first occurred for BTC, but as the coin has seen further growth, the NFTs on Ethereum have finally started to lift off.

The volume of these assets recently crossed the $30 million mark, which is the highest level the indicator has observed since July. This recent growth is also naturally visible through the individual volume of the popular collections, as the recent chart for CryptoPunks shared by IntoTheBlock recently shows.

CryptoPunks Volume

These tokens appear to have seen a burst of interest recently | Source: IntoTheBlock on X

The latest surge of interest in the NFT market can certainly be a positive sign for the greater cryptocurrency sector. Usually, capital enters the space through the likes of Bitcoin and Ethereum, then as investors increase their risk appetite, they rotate it over to the alts and other blockchain applications like these collectibles.

Related Reading: Bitcoin Millionaire Club Explodes: Wallet Numbers Triple In 2023 Frenzy

Though this volume rise could indeed be a signal that such a rotation of capital is underway, there is also the possibility that the interest is simply coming from investors looking at the NFTs as their own, separate financial instrument.

BTC Price

Bitcoin has registered an uplift of more than 38% in the past month as the coin’s price is now floating above the $37,000 level.

Bitcoin Price Chart

BTC has seen a surge in the last few weeks | Source: BTCUSD on TradingView
Featured image from Andrey Metelev on Unsplash.com, charts from TradingView.com, IntoTheBlock.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Keshav Verma

Keshav Verma

Follow

Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Full Profile

Related Posts

NFT

Decentralized Defense? NFT Group Targets Cold War Nuclear Bunker Buy

4 months ago
nft

Mutant Ape NFT Creator To Forgo $1.4 Million, Escapes Jail Time

10 months ago
NFTs BAYC Punks MAYC OpenSea Binance Bitcoin

NFT Market Down 92%, Analyst Thinks This Is The Best Time To Invest

10 months ago
NFT

NFT Market Crashes: 95% Of Assets Become Worthless

1 year ago
Yuga Labs

Yuga Labs Announces Another Company Restructuring And Layoff In 6 Months

1 year ago
NFT

NFT Market Resurgence: Investors And Creators Rekindle Interest In Digital Assets: Report

1 year ago

Premium Sponsors

Press Releases

  • miner

    XRP price battles for key support levels, with holders...

    10 hours ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    11 hours ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    14 hours ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    1 day ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.