(Source: CentBit.Online – Crypto & Blockchain Expert Bangladesh)
As Bitcoin nears the historic $100,000 milestone, peaking at an all-time high of $99,655.50, the NFT market has experienced a notable slowdown. Over the past week, global NFT sales have dropped by 9.6%, totaling $160.9 million, compared to $178.8 million in the previous week, according to CryptoSlam.
Meanwhile, the global cryptocurrency market capitalization surged by 2% over the last day, reaching $3.35 trillion, a significant rise from last week’s $3.03 trillion. Bitcoin (BTC) is currently trading at $98,620, showcasing its dominance in the crypto market despite the NFT downturn.
Weekly NFT Market Trends
- Overall Sales Volume: $160.9 million (-9.6%)
- NFT Transactions: 1,606,261 (-1.26%)
- Active Buyers: 450,512 (+52.93%)
- Active Sellers: 277,767 (+46.74%)
Blockchain-by-Blockchain Performance
1. Ethereum (ETH)
- Sales Volume: $51.3 million (-23.07%)
- Buyers: 42,157 (+31.45%)
Ethereum remains the leader in the NFT ecosystem but witnessed a significant 23.07% decrease in weekly sales volume.
2. Bitcoin (BTC)
- Sales Volume: $44.6 million (-25.67%)
Bitcoin NFTs secured the second position despite a sharp decline. Wash trading rose by 46.05%, reaching $1.57 million.
3. Solana (SOL)
- Sales Volume: $25.8 million (+6.83%)
Solana exhibited resilience with a modest 6.83% growth, maintaining its position as a prominent blockchain for NFT sales.
4. Polygon (POL)
- Sales Volume: $13.5 million (+289.66%)
Polygon emerged as a major performer, with an extraordinary 289.66% growth in sales volume over the past seven days.
5. Mythos Chain (MYTH)
- Sales Volume: $10.7 million (-0.71%)
Mythos Chain showed stability with a marginal decline in sales volume.
Top Performing NFT Collections
BRC-20 NFTs continued to dominate the market with $16.6 million in sales, despite a 41.39% decline. Notable NFT sales included:
- Uncategorized Ordinals #016: Sold for $3,795,420 (39.0083 BTC)
- CryptoPunks #7098: Sold for $368,889 (118 ETH)
- CryptoPunks #6285: Sold for $339,618 (100 ETH)
- CryptoPunks #3152: Sold for $332,825 (98 ETH)
- Autoglyphs #210: Sold for $279,868 (90 WETH)
Conclusion: The NFT Market at a Crossroads
While the NFT sector faces temporary setbacks, increasing buyer and seller participation indicates sustained interest in digital assets. The continued growth of blockchains like Polygon and resilience in collections such as CryptoPunks highlight evolving market dynamics.
Stay updated with the latest cryptocurrency and NFT trends on CentBit.Online, your trusted source for crypto insights in Bangladesh.
