NFT Tokens ( Non-Fungible-Tokens)

CryptoKitties is Back in Action! Trading Volume Hit 1,783.59 ETH in Last 24hrs

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Sep 3, 2021

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The crypto field continues to grow, with new discoveries appearing on a regular basis. The rise of Decentralized Finance began with cryptocurrencies and blockchain technology, followed by smart contracts and dApps (DeFi).

All of these great advances have pushed the globe closer to fulfilling the goal of DeFi, from exchanges to wallets, NFTs, and blockchain gaming.

CryptoKitties

After NFT marketplace OpenSea’s volume continued to climb, NFT projects such as CryptoKitties saw a tremendous surge in volume and market value.

Over the last 24 hours, CryptoKitties has seen an increase in trade volume of 1919 ETH, or more than $7.4 million in NFT. This is the app’s greatest daily volume to date.

The overall number of monthly sales for CryptoKitties has been steadily increasing, climbing from 6831 on August 2 to 8440 on September 2, 2021.

While CryptoKitties is still gaining traction, its competitor, CryptoPunks, is quickly becoming the market’s new obsession thanks to the support of ETH Whales.

Picking the correct cats can be difficult with over 106,000 NFT holders and over 2 million cats in the CryptoKitties collection. Earlier this year, DappRadar published a guide on the CryptoKitties valuation. 

In the previous month alone, NFT market OpenSea, which controls 98 percent of the market’s entire volume, had a 234 percent increase in user base and a 210 percent increase in transaction volume.

NFT collection

In the last 24 hours, the trading volume in the CryptoKitties blockchain game has topped $7 million. Each CryptoKitty was valued at 6.6 ETH on average.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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