Is NFTs making a comeback in 2024?

Following consecutive declines in the past week, sales of non-fungible tokens (NFTs) have regained momentum, showing significant gains. Data from CryptoSlam reveals that global NFT sales volume surged by 28.1% on 25th March, reaching $38.2 million. The total number of NFT transactions also rose by 26.2.

However, the NFT wash volume decreased by 15.2%, currently at $10.6 million, according to CryptoSlam.

Bitcoin leads the scene with a 44% increase in its daily NFT trading volume, currently hovering around $15.9 million. Data indicates that Bitcoin recorded $77,955 in wash trades on 25th March.

Digital collectibles sales surge while the leading NFT marketplace, Blur, records an 11% plunge in its trading volume. According to data from DappRadar, the total NFT sales volume on Blur is sitting at $14.14 million with an average price of around $2,930. – Crypto forum discussions about all aspects of cryptocurrency bitforum socialfi #InnovationSocialNetwork

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In numerous instances, such as this one, it often results in the loss of your money.

Similar to traditional art, where some artworks experience significant gains, many others lose value. This is based on perception and artistic quality, determining the value of an artwork.

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Contrary to physical items such as paintings or sculptures, NFTs cannot be subject to physical damage or destruction in a similar manner. :stuck_out_tongue_winking_eye: :sunglasses: :smiling_face_with_three_hearts: