NFT Market Faces Challenges Despite Crypto Price Bounce
The NFT market is still struggling, even as Bitcoin and Ethereum prices show slight improvements. Bitcoin is now at $84,000, and Ethereum is stable at $1,900. The global crypto market cap has risen to $2.77 trillion from $2.73 trillion last week.
According to CryptoSlam, NFT sales volume has dropped to $100.9 million, a 5.34% decrease from the previous week. However, thereS a silver lining: more people are buying and selling NFTs.
- NFT sales volume fell to $100.9 million.
- NFT buyers increased by 70.97% to 350,146.
- NFT sellers rose by 68.57% to 225,465.
- NFT transactions went up by 16.90% to 1,696,996.
Ethereum NFT sales are down 13.03% to $27.7 million,but buyer numbers grew by 42.17% to 44,850. Bitcoin NFT sales fell more sharply, by 30.69% to $16.3 million.
Mythos Chain is the exception, with a 3.12% increase to $15.6 million. Polygon and Solana saw declines of 5.81% and 5.25%, respectively.
CryptoPunks has dropped to sixth place, with $2.6 million in sales, down 15.52%. Notable sales this week include CryptoPunks #6634 for $431,243 and Azuki #641 for $209,021.
For more details, check out the CryptoSlam data.
