As an experienced analyst, I’ve been closely monitoring the NFT market for quite some time now. This week’s downturn, marked by a 16% drop in sales, was a noticeable shift following last week’s impressive surge of 17%. However, it is essential to keep things in perspective and recognize that the total sales still reached an impressive $121.7 million.
As a crypto investor, I’ve noticed a notable decrease in the NFT market this week. After experiencing a robust 17% increase in sales last week, we’ve seen nearly a 16% drop in sales during the current period.
As a crypto investor, I’d say that according to CryptoSlam’s latest report, a staggering $121.7 million worth of digital assets were exchanged hands among over 519,000 enthusiastic traders like myself.
Blockchain NFT sales breakdown
The Ethereum network spearheaded sales with a total of $39.28 million, marking a substantial 14.48% growth compared to the preceding week.
A notable jump in buyer activity occurred concurrently with this surge in Ethereum’s NFT sector, resulting in a significant rise of approximately 48%, bringing the total number of active buyers to 23,586. Additionally, there was a substantial rise in wash trading, which increased by around 35.49% and exceeded $34 million.
As a crypto investor, I’ve noticed that Bitcoin (BTC), which had been leading in terms of sales volume just a week ago, has now been surpassed, with approximately $26.5 million worth of transactions taking place this week. This represents a significant decrease of 45.60%. Despite the drop in sales, Bitcoin saw an impressive increase in activity, with over 18,000 unique buyers joining the network – an astonishing 804% jump from the previous week. Additionally, wash trading on the Bitcoin network decreased by approximately 53%, and the current price hovers around $20,030.
Following a 22% rise in sales the preceding week, Polygon (MATIC) experienced a weekly sales decline of approximately 5.5%, resulting in $18.43 million in total sales. Solana (SOL) maintained its fourth position with weekly sales of around $14.631 million, marking an 18.18% decrease. In contrast, Immutable X (IMX) recorded a significant increase in sales, up by approximately 9.40%.
Top NFT sales
The most significant sale during the week occurred on the Ethereum blockchain, where an NFT was bought for the impressive price of $587,194. On Bitcoin’s Ordinal marketplace, Protoshroom #6 was traded for $237,373. Additionally, a TTAvatars token with the number 12803 on the Polygon blockchain was sold for $100,500.
At an auction, the DeezNode #052 from Solana was purchased for a price of $77,839, surpassing the sale of Ape Treasury Bill V2 V3 #12668 on the BNB platform, which fetched a price of $31,516.
In the past week, the Avatars from Immutable’s Guild of Guardians had the greatest sales quantity in all collections, generating over $8.1 million through 1,614 individual transactions.
Bitcoin’s PIZZA NFT sales brought in $7.3 million, marking a significant 60% decrease compared to the prior week’s figures.
As a crypto investor, I’m always on the lookout for new and promising projects in the NFT space. Recently, Ethereum Name Service (ENS) emerged as a top player, securing the third spot among the collections with sales volume exceeding $5.3 million. This represented an astounding 1022% increase from the previous figures! Amazingly, this growth was driven by only 295 buyers.
As a crypto investor, I’ve observed some intriguing statistics in recent NFT sales. The DMarket collection on Mythos brought in an impressive $4.6 million from approximately 190,000 transactions. On the other hand, Bitcoin Puppets, which hail from the Bitcoin network, claimed the fifth spot with roughly $2.7 million worth of sales.
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2024-06-17 01:20