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Home ยป Cryptocurrency Market Declines Across the Board NFT Sales Increase by 8

Cryptocurrency Market Declines Across the Board NFT Sales Increase by 8

By adminJul. 7, 2024No Comments2 Mins Read
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Cryptocurrency Market Declines Across the Board NFT Sales Increase by 8
Cryptocurrency Market Declines Across the Board NFT Sales Increase by 8
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CoinGecko Reports:
Despite a significant downturn in the cryptocurrency market over the past week, sales of Non-Fungible Tokens (NFTs) have shown continued growth. NFT sales have risen by 8.1% to approximately $109 million compared to the previous week.

NFT transactions surged by 45.57%, reaching a weekly sales volume of $109 million. Sales of NFTs rebounded over the last seven days, climbing to $109 million, an increase of 8.1%. The highest-priced NFT this week was Cryptopunk #2, which sold yesterday for $386,916. Boogle #089 on Solana fetched $191,517 five days ago, while Arbitrum’s GUSDC Locked Deposit #201 sold two days ago for $90,744. Ethereum continues to dominate blockchain-based NFT sales this week, totaling $36.48 million in sales.

According to cryptoslam.io, the seven-day sales as of Saturday, July 6, 2024:
Ethereum-based NFT sales increased by 14.04% compared to the previous week. Solana ranked second with sales of $22.46 million, up 39.03%. Polygon ranked third with sales of $1.96 million, down 5.36%. Bitcoin ranked fourth with sales of $15.72 million, down 14.7%.

Mythos ranked fifth this week with NFT sales of $4.21 million, a decrease of 4% from the previous week. Despite a decline in sales volume, Mythos’ Dmarket NFT series led with cumulative sales of $3.95 million. Pudgy Penguins followed with sales of $3.32 million, closely followed by Base Ape Polygon with $3.17 million in sales.

Solana’s Dogezuki series earned $3.14 million in revenue, placing fourth, while Solana’s Mad Lads series surpassed $3 million in revenue. The number of NFT buyers increased by 20.93% to 809,923 individuals, and the number of sellers rose by 14.05% to 363,190 individuals. A total of 2,042,431 NFT transactions were recorded, marking a 45.57% increase from the previous week.

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