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Ethereum’s NFTs are in the news. In just seven days, his Trading volume increased by 124% to an impressive $142 million, This massive growth has everyone asking: what does the future hold for these digital treasures?

nft pump

Why such a big jump?

Some major reasons are driving this boom:

  1. mainstream love: Celebrities from different fields are exploring NFTs. His fans follow him, which creates more interest in him.
  2. technological upgradation: Ethereum is evolving. With the upcoming changes, NFT transactions could become faster and cheaper.
  3. more use: NFTs have expanded beyond just digital art. They are now drawing a wider crowd in gaming, property and even finance.

Top 5 Performing NFTs on Ethereum this October

Several NFT projects are making headlines:

  • Bored Ape Yacht Club (BAYC): Even more than digital apes, adoption is like a ticket to an exclusive online party.
  • Mutant Ape Yacht Club: Think of it as BAYC’s faster-paced sibling. This adds a new excitement to the NFT world.
  • God:This is where collectibles meet gaming. Owners can jump into the game and receive rewards.
  • gods free from bondage: A card game where the cards themselves are NFTs. Players can earn, use, and trade them.
  • Azuki: Digital artworks that blend classic Japanese themes with a modern twist. They are attracting the attention of collectors.

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Source: Dapperdar

The Next Crypto Bullrun and Its Impact

The recent NFT boom could be a prelude to a bigger crypto bullrun. Historically, when mainstream interest in a crypto sector increases, it tends to spread. This could mean that more investors are diving into the broader crypto market. If Bitcoin and major altcoins start to rally, this could further increase confidence in NFTs. However, with the highs also come potential lows. It is important to remember that crypto markets can be volatile.

wrapping up

The NFT scene on Ethereum is very hot right now. Although the developments are exciting, the journey ahead still continues. For those interested, staying updated and alert is the way to go.

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