Over the last few months, the non-fungible token (NFT) market has been showing signs of recovery. Amidst the increase in NFT trading volume, there has been a standout sale among one of the coolest NFT collections.
A digital art in the CryptoPunk collection has sold for approximately $475,000. The potential comeback of NFTs has been further highlighted by a new NFT coin nearing the $3 million presale milestone. Let’s find out more about the reason behind the NFT market resurgence.
CryptoPunk NFT Sells for $475k Amidst Market Resurgence
CryptoPunks, one of the coolest NFT collections, is back in the news with a mega sale. It is widely regarded as some of the best NFTs to buy, having been featured on The New York Times, The PBS NewsHour, Christie’s of London, and Art|Basel Miami.
According to a report shared by ForeSight News, CryptoPunk #6912 was purchased for 190 $ETH. At the time of the sale, it represented about $475,000. This sale represents a broader trend of an increased trading volume and prices of NFTs.
The CryptoPunks collection has recorded over $15.3 million in sales over the last 30 days, according to data provided by CryptoSlam. This is a 40% increase in sales volume, month-over-month. Sales transactions in CrytoPunks have also increased by 24% in that period.
Similarly, some of the top NFTs to buy have recorded significant increases in trade volumes and number of transactions. The global NFT market has recorded over 555,200 buyers over the last 30 days – a 46% increase from the previous month.
New NFT Coin Nears New Presale Milestone of $3 Million
NFT collections are not the only part of the market enjoying a shift in trend, NFT coins are as well. One of the leading NFT coins seeing an upswing in bullish momentum is Galaxy Fox ($GFOX). This new ICO crypto is closing in on a remarkable milestone as it pushes to raise $3 million. Having raked in over $2.77 million, Galaxy Fox is on track to hit the milestone within the next week.
Investors have shown a massive interest in this project because of its uniqueness. This is because Galaxy Fox is leading the next wave of full-utility meme coins. It is among the best altcoins to buy because of its ecosystem that innovatively blends meme culture and blockchain games. Consequently, users can enjoy the fun of meme coins while benefiting from the usefulness of a P2E gaming ecosystem.
The Galaxy Fox ecosystem also includes a staking pool, an NFT collection, an apparel store, a play-to-earn game, and NFTs. The Galaxy Fox NFTs are considered one of the coolest NFT collections because they are integrated directly into the game. Holders of these NFTs enjoy boosts and power-ups for their characters when playing the game.
One of the major selling points of Galaxy Fox is its earning opportunities. You are rewarded by the ecosystem for playing the game, owning NFTs, and even making purchases from the merchandise store. These rewards can be converted to the ERC20 coin of the ecosystem, $GFOX.
$GFOX recently entered its seventh presale stage. Investors who joined in the first stage have seen the price of the token rise from $0.00066 to $0.00198 per coin. There’s still a great opportunity to join Galaxy Fox as analysts have forecasted a 25x price surge as the platform is scheduled to debut soon.
Closing Thoughts
The recent sale of a CryptoPunk for $475,000 and the presale success of a new NFT coin highlight the recent resurgence of non-fungible tokens. Galaxy Fox has demonstrated. Galaxy Fox now ranks among the best cryptocurrencies to buy due to its enormous utility as a meme coin. This is a great time to stack the token before its forecasted price surge in 2024.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
