NFT Sales Decline By 35% This Past Week
The global non-fungible token market has seen a decline in sales volume by 35% over the past seven days, according to data from CryptoSlam.io. The total sales volume for the NFT market in this period is $395 million.
Top-Trading Bitcoin NFTs
Bitcoin-based NFTs have been the most traded collection this week, with a trading sales volume of $201 million. However, this figure represents a 49% drop from the previous week.
Top Non-Fungible Token Collections on Solana and Ethereum
Solana-based NFTs brought in a sales volume of $85 million, while Ethereum-based NFTs saw a sales volume of $75 million. Both experienced declines of 13% and 15%, respectively, during this period.
The Top 10 Selling NFTs in the Past 7 Days
The top-selling collections include Bitcoin Ordinals, Open SolMaps, $RAT BRC-20 NFTs, $SQTS BRC-20 NFTs, $BIIS BRC-20 NFTs, Bitcoin Frog NFTs, $SAT BRC-20 NFTs, $MICE BRC-20 NFT Collection, Mad Lads NFT Collection, and Floganas NFT Collection.
NFT Market Prediction: NFTs To Continue Rallying In 2024
The NFT market is expected to continue rallying into 2024, with a short-term rally already underway. In the past 24 hours, the NFT market is up 38%, with a total sales volume of $54 million.
Hot Take: NFT Market Shows Short-Term Decline But Long-Term Potential
The recent decline in NFT sales is just a temporary setback, but the long-term forecast for the NFT market remains positive. With new collections gaining momentum, the NFT market is poised for further growth and development in the coming years.
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