The non-fungible token market has been seeing a drop in trading sales volume this week, with NFTs falling by 3% compared to the previous week. There has, however, been an increase in the number of investors buying and selling NFTs, showing a 95% and an 86% surge in the past seven days, respectively. Ethereum-based NFTs are leading in sales, with a 34% spike in trading sales volume, followed by Bitcoin-based NFTs, which have recorded a 34% decrease in sales volume. Additionally, Solana-based NFTs have increased by 20%, while Polygon NFTs have fallen by 32%.
Top-Selling NFT Collections
The top-selling NFT collection this week is the Bitcoin Ordinals ‘Uncategorized’ NFTs, which have amassed a trading sales volume of $14 million. Following it closely is the Gas Hero Common NFT Collection, hosted on Polygon, with a trading sales volume of $12 million. $LIGO BRC-20 NFT Collection, an NFT collection on the Bitcoin blockchain network, has recorded a trading sales volume of $10.9 million. Other notable NFT collections include CryptoUndeads, Dokyo, and Open Solmap.
Most Expensive NFT Collection Sold This Week
The most expensive NFT collection sold this week was LIF3 V3 Position #9, which sold for $698,247. It was followed by LIF3 V3 Position #15, which was sold for $245,549, and Boogle #047, which sold for $219,998.
NFT Market Prediction: What Next?
The NFT market is expected to rebound, with Ethereum-based NFT collections leading the market rally. Industry experts predict significant growth in both the NFT and crypto markets in the coming weeks or months, possibly following the highly awaited Bitcoin (BTC) halving.
Hot Take
NFT Market Sees Negative Growth After Bitcoin NFT Hype Fades
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