A Boost in Doodles NFT Trading Volume

03/05/2023 19:20 • Metaverse Matters • 130 views

It is reported that according to the latest data of OpenSea, the trading volume of Doodles series NFT in the past 24 hours was 4831ETH, up 192%. The trading volume in the past 24 hours ranked first in OpenSea, with the floor price of 5.18ETH.

The trading volume of Doodles series NFT has increased by nearly 200% in the past 24 hours

Interpret the above information:

The recent report from OpenSea showcases a surge in the trading volume of Doodles series NFT. In the past 24 hours, the trading volume of Doodles NFT has witnessed an increase of 192% and stands at 4831ETH. Notably, this marked increase has led to a first-rank position for Doodles NFT in OpenSea’s trading volume chart. The reports also highlight that the trading floor price for Doodles NFT has risen to 5.18ETH.

NFTs, or Non-Fungible Tokens, are unique assets that are traded on blockchain platforms. The popularity of NFTs has surged in recent years, with various unique NFT assets fetching millions of dollars in the market. The Doodles NFT series is a collection of hand-drawn, colorful scribbles that were created in 2015 by a UX designer named Jon Burgerman. The collection comprises ten thousand unique pieces of scribbles and has gained considerable popularity in the NFT market.

The recent increase in the trading volume of Doodles NFT indicates a growing interest in the collection. It could be attributed to the rising demand for unique and creative NFT assets that are not only attractive but also hold value as collectibles. NFTs, apart from their artistic value, are also considered a wise investment in the blockchain world. The increasing trading floor price for Doodles NFT highlights its potential as a profitable investment.

The surge in the trading volume of Doodles NFT could also be due to the popularity gained by other high-priced NFT assets. For instance, the famous CryptoPunks NFT collection recently sold for millions of dollars, igniting a frenzy in the NFT market. Therefore, the increase in the trading volume of Doodles NFT can be seen as a ripple effect of the CryptoPunks sale.

In conclusion, the increase in the trading volume of Doodles NFT is good news for collectors and investors alike. With the growing popularity of NFT assets, it seems likely that the value of the Doodles collection will continue to rise. However, as with any investment, caution must be exercised to ensure that the investment is sound and made after thorough research.

Word Count: 387

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/10113.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

A Boost in Doodles NFT Trading Volume

The trading volume of Doodles series NFT has increased by nearly 200% in the past 24 hours

Related recommendations