NFT Market Mumurs Rebound as Bitcoin Skyrockets to $105,000 Mark
Hopping Back on Track: NFT Market Shows a Steady Recovery
The NFT market has taken a positive stride, witnessing a 1.95% increase in sales volume to $106.2 million. After a weekly dip, it seems we're back on track.
Currently, Bitcoin is boasting a 0.06% surge, reaching a price of $105,000, while Ethereum is maintaining some calm with no significant price fluctuations. The global crypto market cap isnow standing tall at $3.28 trillion, a slight uptick from last week's $3.25 trillion.
According to crypto analytics platform CryptoSlam, the growing market interest is not going unnoticed. The number of NFT buyers has spiked by an impressive 55.08% to 826,992, and the NFT sellers have followed suit with a 18.12% rise to 257,017. However, NFT transactions have seen a 24.94% decline to 1,651,758.
Nexchain Secures $3.8 Million in Record Crypto Presale, Eying 100x Potential
Ethereum still clings to the top spot with sales of $30.3 million, despite a 15.57% dip from the previous week. Simultaneously, wash trading on Ethereum has crept up by 11.33% to $1.8 million.
Immutable has sprung into second place, grabbing $16.4 million in sales, marking a massive 123.21% growth.
Bitcoin trails Immutable by a breath, holding $15.1 million and witnessing a modest 17.81% surge. Mythos Chain is nestled in fourth place with $14 million, nestled in a comfortable 3.26% increase. Polygon (POL) has slide down to fifth position with $13.9 million, shedding 7.72%.
Solana (SOL) wraps up the top six with $6.1 million, slipping 13.31% in value. Interestingly, the buyer count has swelled across all leading blockchains, with Polygon leading the way at 54.25% growth, followed by Solana at 34.99% and Bitcoin at a close 33%.
Shake-up in Collection Rankings: Courtyard on Polygon Loses Steam
Courtyard on Polygon continues to stand at the helm of sales, raking in $12.5 million. However, the collection has experienced a significant decline in sellers to the tune of 77.08%.
Guild of Guardians Heroes has stormed into second place with $10.6 million, more than doubling with 108.92% growth. DMarket holds steady in third place with $8.9 million, notching up a 6.11% increase. Guild of Guardians Avatars has made a strong entry into fourth position with $5 million, skyrocketing 129.32%.
Bitcoin's BRC-20 NFTs round out the top five with $4.8 million, recording increases in transactions (10.07%), buyers (4.74%), and sellers (2.96%).
CryptoPunks, on the other hand, has slipped to sixth place with $3.5 million in sales, shedding 22.23%. The collection has seen a drop in transactions (13.79%) and sellers (36.36%), while buyer numbers stayed steady.
Notable Sales this Week: The Big Ticket Items
Some of the most eye-catching sales this week include:
- CryptoPunks #1831 fetched 150 ETH ($389,846)
- CryptoPunks #9778 bagged 150 ETH ($377,958)
- CryptoPunks #4868 went for 76.5 ETH ($201,933)
- CryptoPunks #5586 was sold for 70.07 ETH ($185,292)
- CryptoPunks #7516 changed hands for 60 ETH ($158,378)
Trump and Musk in a Crypto Chess Match? Which Coin Comes Out on Top?
The crypto world can be quite the game, and some speculate that Elon Musk and Donald Trump might be playing a perplexing game with the market. Only time will tell who will emerge victorious in this captivating chess match.
- The NFT market's surge to $106.2 million in sales volume, despite a dip earlier, indicates a recovering market on Ethereum's blockchain.
- Bitcoin's price has risen 0.06% to $105,000, while Ethereum has remained stable, with the global crypto market cap standing at $3.28 trillion.
- NFT analytics platform CryptoSlam reports an increase in NFT buyers by 55.08% and sellers by 18.12%, but a decrease in transactions by 24.94%.
- Nexchain has secured $3.8 million in a crypto presale, eyeing a potential 100x return, while Ethereum faces a 15.57% dip in sales despite a surge in wash trading.
- In NFT sales, Immutable has seen a 123.21% growth, while Solana has a 13.31% decline in value, but buyer count has increased across all leading blockchains, with Polygon leading the way at 54.25% growth.
- Notable NFT sales this week include CryptoPunks #1831 fetching 150 ETH ($389,846), as market players speculate a potential crypto chess match between Elon Musk and Donald Trump.
