NFT MARKET ANALYSIS – DECEMBER 12 ✨
The long-awaited moment is here! 🎉
After several months without updates, here’s a brand-new, detailed analysis of the NFT market to help you figure out where we’re at and where we’re headed.
First, let’s take a step back. Over the past months, crypto has seen a drastic rise 🚀, surpassing the market cap highs of 2021, with BTC breaking through the $100k barrier 💎.
However, ETH is still far from its all-time high (ATH) and hasn’t yet unlocked its full potential. This is crucial because, despite the crazy volatility in altcoins, it’s nothing compared to the wave of capital that will flood in when ETH goes into full rocket mode
For us in the NFT market, we’ve already enjoyed some benefits from BTC and ETH’s rise, with the market following the trend. But the best is yet to come.
📊 Looking at NFT trading volume, it’s clear we’re still far from the previous highs.
Why?
1️⃣ The decline in active traders over time.
2️⃣ The decreased popularity of the NFT bubble.
BUT new incentives are coming that will bring in fresh traders and fresh volume in the next days and weeks as collections continue to evolve.
🔥 Pudgy Penguins is the standout collection that could make a massive BOOM 💥, potentially lifting the entire market—just like BAYC did in 2021–2022.
🧠 My prediction:
NFT trading volume will continue to grow as the desire to own valuable on-chain assets increases.
ETH will reach new highs, triggering even stronger liquidity rotations.
Pudgy Penguins is the collection of this cycle, and we’re just getting started. 🚀
Don’t be surprised if NFTs priced at 100 ETH or more make a comeback—it’s definitely possible!
What’s the issue?
The number of trades is still low 📉, and it shows. Most people are focused on “winning” collections, with little room for new competitors.
However, as the market and ETH expand, the number of traders will naturally increase. The real explosion, though, will come at key moments for certain NFT collections.
Keep that in mind 🧠
⚡ Be ready. This is your chance to create your own bull run 🌊 before the crowd realizes we’re in one.
As for me, I’m already closing what could be the best trade of my life 🐧
Stay focused and trust the process! 💪
❤️&♻️