The final week of November 2024 has seen a shift toward DeFi and financial services in the crypto funding scene, with World Liberty Financial securing a $30 million investment.

The week has enjoyed cumulative investments exceeding $90 million. This is visibly less in comparison to last week’s $125 million and the previous week’s $120 million.

Crypto.news examined data from Crypto Fundraising to identify projects that raised the most capital during this period. Here’s a breakdown:

World Liberty Financial, $30 million

• The Donald Trump-backed startup raised $30 million from billionaire Justin Sun
• Sun founded the Tron (TRON) blockchain
• Sun signed on to be an adiver, focusing on DeFi and Ethereum (ETH) ecosystem development

A closely followed crypto analyst says one catalyst could send the altcoin market soaring for months.

The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that if Ethereum (ETH) breaks through a key resistance level “the next few months are going to be life-changing.”

“Breaking out would enable a massive influx of money flow into smaller altcoins. And Ethereum breaking out to new all-time highs would be a major catalyst on a technical side in making all these other altcoins rally quite substantially.”

According to the trader, ETH needs to break through $4,000 to ignite massive altcoin rallies.

“It’s weekly closes and successful retests [at the $4,000 level] that have enabled moves to essentially new all-time highs. So $4,500 would occur once we actually managed a weekly close inside here and retest this [$4,000 level] as support. That would enable a revisit of old all-time highs, and probably upon breaking $4,500, rally into essentially new all-time highs and price discovery.”

Ethereum is trading for $3,595 at time of writing.

He also shares an OTHERS chart, which depicts the total crypto market cap excluding the top ten coins to gauge altcoin market strength, and suggests that alts may surge like they did in 2021.

“Now we’re seeing a weekly close and retest here, and a successful retest here would enable upside from $315 billion to $425 billion…

When we weekly closed and retested this region [in 2021], we saw expansion in altcoin market cap to new all-time highs, essentially…

If we’re able to hold here for a few weeks, that would enable a move into $425 billion.”

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Generated Image: Midjourney

As Bitcoin continues to face resistance near the $100,000 mark, the NFT market has experienced a 1.6% drop, with total sales volume settling at $146.5 million.

While Bitcoin (BTC) trades at $96,800, Ethereum (ETH) has shown strength by surging 3.5% in the last 24 hours to reclaim the $3,700 level. The global cryptocurrency market capitalization has expanded to $3.42 trillion from last week’s $3.35 trillion. This marks a 2.5% increase over the last day.

According to the latest data from CryptoSlam, while overall sales have declined, individual blockchain networks are showing signs of recovery:

• NFT (non-fungible token) sales volume dropped from last week’s $160.9 million.
• NFT buyers have surged to 574,853, marking a 27.57% increase.
• NFT sellers have grown to 342,382, showing a surge of 23.21%
• NFT transactions have declined by 11.22% to 1,424,770.

Ethereum and Bitcoin show signs of recovery

The Ethereum NFT blockchain has shown resilience with $51.3 million in sales, marking a 2.87% increase.

The network has seen 49,462 buyers, representing a healthy 17.33% growth. Notably, wash trading on Ethereum increased by 16.02% to $9.1 million, suggesting increased market activity.

Bitcoin’s NFT ecosystem has maintained strong momentum. The network has recorded $48.2 million in sales volume, a 6.58% increase. The network has seen decent growth in buyer participation, with 54,903 active buyers marking a 28.89% increase.

Solana (SOL), while maintaining its third position, experienced a major decline of 37.86%, with sales dropping to $15.7 million. However, the network continues to show strong user engagement with 230,954 buyers.

Mythos Chain secured the fourth position with $10.6 million in sales, showing a marginal decline of 1.66%. However, ImmutableX (IMX) rounded out the top five with $7.1 million in sales, showing a surge of 14.22%.

BRC-20 and new collections lead rankings

BRC-20 NFTs continue to dominate with $15 million in sales despite a 10.69% decrease. Uncategorized Ordinals has secured second place with $10.3 million in sales. Its sales have also seen an 81.86% increase in the last seven days.

The Bored Ape Yacht Club has reemerged in the rankings, taking third place with $7.7 million in sales, showing a strong 60.30% increase.

CryptoPunks followed closely with $7.7 million, despite a 14.56% decrease.

The latest data shows several large individual NFT sales:

• Uncategorized Ordinals #cb0 sold for $6,069,273 (63.4315 BTC)
• Uncategorized Ordinals #486 sold for $3,583,816 (38.8087 BTC)
• Bored Ape Chemistry Club #0 sold for $199,156 (59.84 ETH)
• CryptoPunks #9663 sold for $197,113 (55 ETH)
• Axie Infinity #115792089237 sold for $178,651 (52 ETH)

NFTs continue to evolve

In 2024, NFTs are expanding their utility through integration with gaming and DeFi, enabling in-game assets and serving as collateral in decentralized finance platforms.

Corporations are adopting NFTs for promotional campaigns, loyalty programs, and revenue generation, while hybrid and real-world asset tokenization are bridging the gap between physical and digital realms.

Cross-platform interoperability is growing, allowing NFTs to function seamlessly across various ecosystems. Sustainability efforts are addressing environmental concerns, with greener blockchain solutions gaining traction.

Additionally, AI-enhanced NFTs are emerging, enabling personalized and interactive experiences, showcasing the evolution of NFTs beyond simple digital collectibles.

It’s worth noting that the current uptick in NFT sales seems largely fueled by hype. It remains to be seen whether this trend will translate into long-term growth or if it’ll be short-lived momentum.