CandleFocus Top 10 NFT collections outperform fungible tokens in weekly returns
2024-12-24
Author: Content Editor
Non-fungible tokens (NFTs) have outperformed fungible tokens over the past week, with the top 10 NFT collections seeing an average gain of 6.4% while the fungible token sector experienced an average performance of negative 8.6%. The NFT collection with the highest increase in price was Space Doodles, with a 44.7% increase in their dollar-nominated price. Lil Pudgys from Pudgy Penguins and Doodles from Space Doodles also saw significant growth. However, popular NFT collections like Bored Ape Yacht Club and CryptoPunks saw a decline in returns. Despite the overall positive performance, the NFT market on major blockchains like Ethereum, Bitcoin, and Solana saw declines in trading volume and sales. Additionally, the floor prices of the top NFT collections are still significantly lower than their peak prices.
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