Although NFT investors have lost huge losses after we have been in a bear market for more than 10 months, the ecosystem has shown signs of a lasting comeback in the past two weeks.
As of September 12, the blue-chip NFT collection has continued to grow. It goes back to 10,000 Ether (ETH), a level it lost in mid-August 2022, according to NFTGo.
On Sept. 20, the market cap, which comes from floor and NFT trading prices, jumped nearly 16.5 percent to around 11.25 million ETH.
Additionally, the number of NFT holders increased by 32.24% during the same period as shown above.
Ethereum Name Service (ENS) currently has the highest volume at 9.25%, followed by popular NFT collections such as Bored Ape Yacht Club and Otherdeed.
However, the current market sentiment This is calculated based on volatility, trading volume, social media, and Google trends.
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