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NFT Market Data

Over the past 24 hours, the non-fungible token (NFT) market experienced a significant surge. According to CryptoSlam, NFT sales soared by an impressive 52%, reaching a total of $55,949,508.

While the number of buyers and sellers decreased slightly by 1.4% and 4.3% respectively, transactions witnessed a notable uptick of nearly 5%.

Among the top 10 collections in terms of sales volume, six witnessed growth. Notably, CryptoPunks saw the most substantial increase, skyrocketing by 1,691% to $17.56 million, securing its position as the top collection overall.

This surge coincided with the sale of the second most expensive Punk in the collection’s history, which fetched 4,850 ETH ($17,114,971) on March 20th.

CryptoPunk #7804, known as ‘AlienPunk,’ joins the recent acquisition of another Alien Punk, #3100, which was purchased for 4,500 ETH.

Adding to the NFT buzz, Deepak Thapliyal, CEO of Chain, a cloud blockchain infrastructure firm, secured the title for the most expensive Punk purchase in 2022, shelling out 8,000 ETH.

In a remarkable surge, Pudgy Penguins emerged as the second-best performer, witnessing a staggering 711% increase in value within a day, reaching $2.87 million and securing the third position overall.

On the downside, Mad Lads experienced the most significant decline, plummeting by 62% to 661,826.

Surprisingly, Pandora, once a top contender, is now out of the top 10 category, despite a previous dominance, even with a sales increase of over 50%.

In terms of blockchain hosting, Ethereum reclaimed its top spot, witnessing a remarkable 206% surge in sales, totaling $32.6 million.

Bitcoin slid to second place, experiencing a 21% decrease in sales, amounting to $10.66 million.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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