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NFT market sales have been declining for four consecutive weeks.

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Post time 15-4-2024 12:28:33 | Show all posts |Read mode
NFT market sales have dropped by over 13.72% weekly. Despite Bitcoin-based NFT sales exceeding $179,900, sales still dropped by 66%. Ethereum saw a total sales volume of $639,800 this week, representing an 8.89% decrease from the previous week.

The plummet in Non-Fungible Token (NFT) sales is significant. According to recent updates, NFT market sales have decreased by over 13% compared to the previous week. It's worth noting that the downturn in the NFT market contrasts sharply with the remarkable achievements of other industries in the 10th and last weeks. In the 29th month of the cryptocurrency trading volume hit an all-time high (ATH), with spot trading volumes increasing by X% to X trillion dollars.

Similarly, demand for spot Bitcoin ETFs has also increased over the past month, especially in the last month. It has been reported that the net inflow of Bitcoin ETFs has exceeded $1.26 billion, led by IBIT from BlackRock, with a total inflow of $1.477 billion.

However, NFT market sales have plummeted significantly, dropping by 13.72% compared to last week, marking the fourth consecutive week of sales decline. From the 5th of the 29th month to the XNUMXth of the XNUMXth month, the market has sharply declined, with weekly sales of the top NFT blockchains declining.

It's worth noting that despite sales exceeding $179,900 over the past XNUMX days, Bitcoin-based NFT sales have dropped by XNUMX%. Ethereum closely follows, with a total sales volume of $88,900 this week, representing a XNUMX% decrease.

Sales volumes for other leading NFT blockchains, such as Solana, Mythos, and Polygon, have also decreased by 12.70%, 4.36%, and 19.7%, respectively. Considering the leading NFT collections, Uncategorized Ordinals topped this week's NFT sales with $211,100, followed closely by Bored Yacht Club (BAYC) with $66,800.
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Post time 15-4-2024 12:37:39 | Show all posts
As long as it's the market, everything is just normal fluctuations, isn't it?
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Post time 15-4-2024 12:38:12 | Show all posts
That's quite a significant drop, isn't it?
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