Big Crypto Jump, NFT Slump: Here’s What You Need to Know
Teh crypto world is on a roll, with the global market cap soaring to $3.42 trillion. Bitcoin, the reigning champ, hit an eye-popping $108,000. Simultaneously occurring, Ethereum is doing fine at the $2,500 level.
However, the NFT market isn’t as rosy. Sales dipped 0.05% to $129.8 million. Yet,there’s a silver lining. NFT buyers and sellers are up, increasing by 61.18% and 31.87%, respectively. Transactions also rose by 15.39%.
Ethereum is still the NFT king with $29.6 million in sales. But it’s seen a 26.22% fall from the previous week. Avalanche, a new player, took second with $22.3 million in sales, a 202.92% surge.
Polygon follows with $21.3 million in sales, up 45.98%. Bitcoin fell to fourth with $18.2 million, a 21.85% drop. Solana slid to seventh with $6.4 million, a 26.36% decrease.
Key blockchain buyer growth includes Avalanche at 79.08%, Bitcoin at 72.98%, and Solana at 71.09%.
The top NFT collection is XSY Deposit on Avalanche with $22.1 million in sales. CryptoPunks, though, dropped to sixth with $4.8 million in sales, down 30.94%. Notable sales include CryptoPunks #3609 for 440 ETH($1,089,338).
For more, check out last week’s NFT performance.
