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Reading: NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge
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Mycryptopot > News > Crypto > Nft > NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge
Nft

NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge

November 24, 2024 3 Min Read
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NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge

As Bitcoin surges towards the $100,000 mark, touching a brand new all-time excessive of $99,655.50, the non-fungible token (NFT) gross sales quantity has proven a drop of 9.6% to $160.9 million.

The worldwide cryptocurrency market capitalization has continued to surge, reaching $3.35 trillion from final week’s $3.03 trillion. This marks a 2% enhance over the past day, with Bitcoin (BTC) at the moment buying and selling at $98,620.

The final week’s NFT gross sales quantity stood at $178.8 million. Nevertheless, in line with latest information from CryptoSlam, the NFT market has seen a pullback.

  • NFT gross sales quantity decreased to $160.9 million
  • Ethereum (ETH) blockchain leads with $51.3 million in gross sales (23.07% lower)
  • Bitcoin follows with $44.6 million (25.67% lower)
  • NFT consumers surged by 52.93% to 450,512
  • NFT sellers elevated by 46.74% to 277,767
  • NFT transactions barely decreased by 1.26% to 1,606,261

You may also like: Meme coin watchlist for December 2024: 5 tokens to think about shopping for right now

Ethereum NFT gross sales decline by 23.07%

The Ethereum NFT blockchain gross sales quantity fell to $51.3 million this week, marking a 23.07% lower within the final seven days.

The variety of NFT consumers on the Ethereum blockchain grew to 42,157, displaying a 31.45% enhance.

NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge - 1

Supply: Blockchains by NFT Gross sales Quantity (CryptoSlam)

Bitcoin maintained its second place regardless of a 25.67% lower within the final seven days.

In keeping with the information, Bitcoin blockchain’s NFT quantity stood at $44.63 million, with wash buying and selling growing by 46.05% to $1.57 million.

Solana (SOL) secured the third place with $25.8 million, displaying resilience with a 6.83% enhance over the last seven days.

Polygon (POL) jumped to fourth place with $13.5 million, displaying exceptional development of 289.66% over the last seven days.

Mythos Chain (MYTH) took the fifth place with $10.7 million in gross sales, displaying a marginal decline of 0.71%.

BRC-20 NFTs preserve market management

BRC-20 NFTs proceed to steer with $16.6 million in gross sales quantity, regardless of a 41.39% lower.

MGGA Hat on Polygon secured second place with $10 million in gross sales, whereas CryptoPunks adopted with $9.2 million, displaying a 60.26% lower.

Prime NFT gross sales: Knowledge from CryptoSlam

The most recent information reveals that the next NFT collections topped the gross sales within the final week:

  • Uncategorized Ordinals #016 offered for $3,795,420 (39.0083 BTC)
  • CryptoPunks #7098 offered for $368,889 (118 ETH)
  • CryptoPunks #6285 offered for $339,618 (100 ETH)
  • CryptoPunks #3152 offered for $332,825 (98 ETH)
  • Autoglyphs #210 offered for $279,868 (90 WETH)

Learn extra: Bitcoin hits report highs, however the subsequent massive income might lie in these 5 cryptos

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Reading: NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge
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