NFT Market Sees Significant Recovery In November

According to BlockBeats, the NFT market experienced a notable recovery in November, with CryptoPunks leading the resurgence among popular collections. On November 25, the floor price of CryptoPunks reached 37.68 ETH, marking the highest level since May. This represents a substantial increase of 47% compared to the floor price of 25.35 ETH recorded at the beginning of the month. In contrast, other prominent NFT collections such as Bored Ape Yacht Club (BAYC), Milady Maker, and Pudgy Penguins saw increases of 7%, 34%, and 28% respectively during the same period. The average growth rate for these collections was approximately 34.5%, which is significantly lower than the 47% rise observed for CryptoPunks. This disparity highlights the exceptional performance of CryptoPunks in the recovering NFT market.