NFT sales volume increased (<www.coingecko.com/en/nft/global-stats)>>) by 34.2% over the past week.
The top collections by market capitalization recently were:
– CryptoPunks: +47.8%
– Pudgy Penguins: +155.4%
– BAYC: +76.8%
– Infinex Patrons: +15.1%
– Azuki: +43%
When will altseason arrive?
Bitwise analysts have presented data showing that altcoins are currently performing more steadily than Bitcoin. 85% of them outperformed Bitcoin over the past 30 days. If interest rates in the U.S. decrease, this could positively impact altcoins' growth and signal the arrival of a new altseason.
FUN FACT
German government's decision to sell its 50,000 Bitcoin at $54K cost them $2.4 billion in missed profits.
November was a strong month for many tokens across various narratives and ecosystems.
Let’s explore CryptoRank’s top picks for the past month
DEXs transaction volume in November reached (<defillama.com/dexs/chains)>>) $372B, a record high.
On Solana, it accounted for 34.85% of the market share ($129.66B), while on Base, it reached $45.74B, with both networks hitting all-time highs.
Base continues to maintain a leading position in terms of ecosystem netflow.
Over the past month, this metric for Base has increased by 46.1%, from $539.6 million to $788.6 million. Additionally, Solana, Sui, and Starknet have solidified their positions with the highest netflow volumes in November.
The DEX ecosystem on Aptos is one of the most competitive now.
According to the chart, the distribution of swap volumes across various platforms this year has been relatively even.
This week, memecoins are among the worst-performing categories, according to Alphanomics.
I can't say it's unexpected.
In a market where $XLM gains 83%, $SAND rises by 81%, and $ENS increases by 70% in just seven days, there are far more avenues for speculation.
The market isn’t as weak as it may seem – at least for these players:
• $SAND is slowly recovering, reigniting investor interest in metaverses and GameFi.
• $XLM has caught the attention of Korean investors, confident in its significance within the current market dynamics.
• $ETH is finally outperforming BTC and XRP, regaining value.
