Inside the reason that the $ 6 billion market ceiling increases in the Q3 CHE case from Ethereum! star-news.press/wp

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Ethereum NFTS has increased, with a total of the maximum NFT market 6.8 billion dollars for the first time since Q4 2023. ETH has increased nearly 50 % this month, with NFT flows and the use of gas, adding an upward pressure in the third quarter.

While the market may seem exaggerated, Nfts (non -explosive symbols) A solid emerging structure has been built recently. Historically, the nails correspond to the maximum NFT market with the wider encryption bull runs. And we started to see those early signs again.

The total ceiling of the NFT market was only 6.8 billion dollars, which represented the first outbreak since the Q4 pump last year, which reached about $ 10 billion. It was the closest to 2021 NFT madness.

Source: Coingecko

However, even with NFT’s total demand climbing, Cryptopungs alone (OG ETAREUM NFT) has approximately 30 % Market dominanceJumping about 10 % since the elections gathered.

Behind them directly, Pudgy Penguins, as well as the original Ethereum, control about 8.5 % of the market. Together, these two lead most of the ethereum heavy position in NFT.

This is not random. ETHEREUM (ETH) erupted approximately 50 % this month, organizing a strong Q3 step. This momentum clearly flows into the advanced NFT plays.

The real question now – Is this dominance in the NFT space just side effects, or a direct reflection of the total imprint on Ethereum?

Ethereum regains her crown in NFTS

Ethereum Nfts has returned to work. According to Coingecko, Eth Nfts has I mentioned 26 % jump in the maximum market and 488 % in 24 -hour trading volume. This is not a coincidence.

One portfolio in 45 Cryptopungs in one day, 2082 ETH ($ 7.79 million) decreased, on the occasion of one of The largest NFT buys NFT one day We have seen months ago.

In fact, with not leaving a whole week in July, the Ith Nft Volume has already used 152.84 million dollars-which represents a five-month increase and indicates that the real momentum may return to the NFT flow.

Source: Theblock

Zoom, Combo of Nft Market Cap recalls $ 6 billion, and emphasizes the high size of tight connection. Ethereum restore its place as the NFT spine.

On the side of the price, the ETH increased by approximately 50 % MTD, holding a company more than $ 3700 and testing the key resistance areas.

If this NFT flow continues to absorb ETH on the scale and the gas activity remains high, it may enhance the upper pressure. This would add fuel to ETH Hypocrisical structure Go to Q3.