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The NFT market is showing signs of a strong revival, with a 20% surge in market capitalization and a 287% spike in daily trading volume. Leading collections like CryptoPunks and Pudgy Penguins are driving the rebound, fueled by Ethereum’s recent price rally.
- CryptoPunks and Pudgy Penguins lead NFT market revival with 16% and 15% floor price increases, respectively.
- Ethereum's 55% monthly price surge is fueling NFT demand, as most NFTs are priced in ETH.
- Experts compare the current NFT rebound to the 2021 'NFT season,' predicting potential new all-time highs for Ethereum.
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