NFT sales rise 16.1% to $96.1m, Bitcoin network dethrones Solana

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As a seasoned analyst with years of experience navigating the volatile and dynamic world of cryptocurrencies, I find myself both intrigued and cautiously optimistic about the recent surge in NFT sales volume. The 16.3% increase to $96.1 million is undeniably impressive, especially considering the overall positive momentum we’ve seen in the crypto market recently.

In the wake of the remarkable upswing in the cryptocurrency market, I’ve observed a significant jump in the sales volume of Non-Fungible Tokens (NFTs). This surge has escalated the total sales to an impressive $96.1 million, representing a 16.3% increase from the previous figures.

The overall crypto market has been showing strong positive momentum recently.

After Donald Trump won the U.S. Presidential Election, the price of Bitcoin (BTC) soared to an unprecedented peak of $77,252.75.

According to the most recent figures from CoinMarketCap, the overall value of the cryptocurrency market stands currently at approximately $2.6 trillion, showing a growth of around 3.29%.

Last week, I witnessed that the total sales volume of NFTs stood at approximately $84.6 million. However, fresh insights from CryptoSlam indicate a staggering surge of 16.1% in NFT sales this week.

  • NFT sales volume increased to $96.1 million
  • Ethereum (ETH) blockchain still holds its first position with $31.19 million in sales
  • Bitcoin overtakes Solana (SOL) for second place with $26.3 million
  • The number of NFT buyers dropped by 90.20%
  • NFT sellers decreased by 88.80% from last week

Ethereum NFT sales up by 14%

This week, the sales volume on the Ethereum NFT blockchain reached approximately $31.2 million, representing a 14% rise compared to the previous week.

Interestingly, the number of NFT buyers on the Ethereum blockchain dropped significantly to 21,575.

In the realm of cryptocurrencies, I’ve noticed a significant shift recently. Over the past week, my investment in Bitcoin has seen an astounding 93% growth, pushing it ahead of Solana’s position as the second-ranked digital asset. This rapid surge has truly caught my attention and left me intrigued about what the future might hold for both these promising cryptocurrencies.

Based on available information, the trading volume of Non-Fungible Tokens (NFTs) on the Bitcoin blockchain was approximately $26.3 million. Notably, the Bitcoin network has shown the most significant expansion when compared to all other blockchains.

Solana moved to third place at $12.9 million, with a 19.3% drop during the last seven days.

In the past week, Mythos Chain (MYTH) maintained its position as the fourth-largest cryptocurrency, experiencing a minor decrease of approximately 1.3%. Its current market value stands at around $10.8 million.

Polygon‘s NFT sales volume climbed by 12.3%, placing it as the fifth-highest among all platforms. However, a significant portion of trading activity on Ethereum was found to be wash trading, amounting to approximately $3.05 million.

DMarket loses first ranking to $?? BRC-20 NFTs

The sales volume of DMarket stood at $5.58 million, with a 2.7% drop during this timeframe.

DMarket lost its first ranking, which it had held for several weeks now to $?? BRC-20 NFTs. 

$?? BRC-20 NFTs saw a 462% surge in NFT sales and stood at $10.45 million at press time.

The data also shows that the following NFT collections topped the sales in the last week:

  • SuperRare #7533 sold for $198,680
  • CryptoPunks #7596 sold for $154,044
  • Protoshrooms sold for $142,742
  • CryptoPunks #5668 sold for $122,506
  • CryptoPunks #8881 sold for $119,622

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2024-11-09 18:32