NFT Market Sees revival Amid Crypto Slump
The digital art scene is buzzing again! NFT sales have soared, climbing by a robust 30%, to reach $173.2 million. What’s driving this? An influx of eager players joining the tripling market participation game.
According to CryptoSlam, NFT buys and sells skyrocketed, but overall transaction numbers dipped. This tells us big players are back, focusing on premium pieces.
Ethereum leads the charge with a remarkable 85% leap in sales, though wash trading went wild, up 354%. Prestigious collections like CryptoPunks and Bored Ape Yacht Club gained huge interest, showing blue-chip NFTs still pull the strings.
While Bitcoin took a hit, dipping to $117,000 post-ATH, Ethereum slid slightly to $4,400. Yet,the global crypto market stands proud at $3.97 trillion.
- Bored ape Yacht Club sales spiked by nearly 500%
- CryptoPunks reclaimed top spot,soaring by 90.95%
Polygon witnessed phenomenal buyer growth at 885%, followed closely by Bitcoin and Immutable ecosystems.
Recent high-value trades grabbed attention, such as several Bored Ape Yacht Club NFTs fetching between $453,435 and $909,183. The market is proving once again that top-tier collections remain bullish amidst the crypto rollercoaster ride.
