29 The Ethereum NFT market is showing signs of renewed growth and potentially entering its next bull run phase, led by iconic collections like EtherRocks.EtherRocks in particular are seeing immense price appreciation, with tokens rising from 0.01 ETH during initial minting to recent sales exceeding 200 ETH. This massive gain indicates a possible “NFT Bull Run 2.0” is on the horizon.Key Drivers of the Emerging RallyIconic wrapped EtherRock #46 NFT recently sold for $496,658.This marks the second-highest NFT sale so far this month.The major sale comes right after a Bored Ape Yacht Club token went for $668,297. It also follows the $1.53 million purchase of a CryptoPunk in late January.According to blockchain expert Anndy Lian, EtherRocks and top tier collections like CryptoPunks and BAYC have become coveted cyber “status symbols” among elite collectors. Their rally can lift the entire market.#ethereum #ETH #NFT #crypto Read More CryptoNews: 8 Years of HODLing Ethereum | 2014 Bitcoin Whale Awakens | Altcoin Surge IncomingBroader Market Optimism Is GrowingBeyond the headline sales, optimism is building more broadly. Pudgy Penguins recently hit an all time high floor price of 21.5 ETH, suggesting renewed open interest in NFT trading.While still 13% below BAYC’s floor, the new high for Penguins shows traders expect further gains across blue chip Ethereum collections. Reversal After Months In a Bear MarketThe developments come after a difficult year for NFTs in 2022. Markets have slumped since May, with top CryptoPunks and BAYC collections seeing their floor prices drop 48% and 82% respectively from all-time highs.However, this week’s million-dollar sales and general floor price resurgence suggests the bear market may be ending.As flagship Ethereum NFTs regain their momentum, we could be seeing the spark that ignites the next explosive phase of growth and speculation around non-fungible tokens. Stay tuned!Follow me on Telegram: https://t.me/OfficialCryptoPatel
