NFTs Weekly Gross sales Fall By 16% – Is The NFT Market Rally Over?

The non-fungible token market has taken a brief bull breather after a number of weeks of bull rally. Previously seven days, the NFT market has recorded $153 million, down 16% from the earlier week. The NFT market started surging earlier this month, following the prospect of a supportive crypto market regulatory regime below the US President-elect Donald Trump.

NFT Gross sales Fall 16% In The Previous 7 Days

Information compiled by CryptoSlam.io, an on-chain crypto belongings market aggregator and a multi-chain non-fungible token explorer backed by billionaire Mark Cuban, exhibits that the non-fungible token market has barely tanked once more this previous week. Previously seven days, the worldwide NFT market has raised buying and selling gross sales quantity of $153 million, down 16% drop from the earlier week. Nonetheless, that is the second-highest NFT buying and selling gross sales quantity because the starting of the yr.

Ethereum, the identical blockchain community powering the well-known Ether and famend within the NFT marketplace for internet hosting nearly all of blue-chip NFT collections, has been this previous week’s top-traded blockchain community within the NFT market. Previously seven days, the Ethereum-based NFT collections have raised a buying and selling gross sales quantity of $48 million. Ethereum NFT gross sales have plunged by 28.55% from the earlier week.

Bitcoin, the blockchain community powering the flagship crypto Bitcoin and famend within the NFT marketplace for internet hosting Runes, Ordinals, and BRC-20 NFT collections, has been this previous week’s second most-traded blockchain community within the NFT ecosystem. Previously seven days, the Bitcoin-based NFT collections have recorded a gross sales quantity of $40 million. Bitcoin NFT gross sales quantity has dropped by 36.16% from the earlier week.

Solana, an open-source blockchain community that helps good contracts, together with non-fungible tokens and numerous decentralized functions, has been this previous week’s third most-traded NFT blockchain community. Previously seven days, the Solana-based NFT collections have recorded a buying and selling gross sales quantity of $22 million. Throughout this era, the Solana NFT gross sales have dropped by 20.03% from the earlier week.

Polygon, an Ethereum scaling resolution, and Mythos Chain, the gaming blockchain community that leverages the Ethereum Digital Machine (EVM) compatibility, have been this previous week’s fourth and fifth most-traded blockchain internet within the NFT market. Previously seven days, Polygon-based NFTs have amassed a gross sales quantity of $15 million, whereas the Mythos Chain NFTs have raised a buying and selling sale quantity of $10 million. Polygon NFT buying and selling gross sales quantity has surged 422% from the previous week.

Ten Prime Promoting NFTs In The Previous 7 Days

1. $?? BRC-20 NFT Assortment

$??, a non-fungible token assortment created utilizing the BRC-20, a token normal on the Bitcoin blockchain that permits for the creation of tokens that signify possession of belongings, is that this previous week’s most traded NFT assortment within the NFT market. Previously seven days, the $?? BRC-20 NFT assortment has amassed a buying and selling gross sales quantity of $14 million. $?? BRC-20 NFT gross sales have plunged by 53% from the previous week.

2. MGGA HAT NFT Assortment

Make GMT Nice Once more (MGGA) Hat, a non-fungible token assortment from the GMT DAO, an impartial group group for the GMT token holders, has been this previous week’s second most-traded NFT assortment within the NFT market. Previously seven days, the MGGA Hat NFT assortment has raised a buying and selling gross sales quantity of $11 million. MGGA Hat NFT buying and selling gross sales quantity has surged by 100% from the earlier week.

3. CryptoPunks NFT Assortment

CryptoPunks, a non-fungible token assortment that incorporates a restricted version of 10,000 pixilated NFTs beforehand created by the Larva Labs however now managed by the Bored Ape creator Yuga Labs, has been this previous week’s third most-selling NFT assortment within the NFT market. Previously seven days, the CryptoPunks NFT sequence has raised a buying and selling gross sales quantity of $9.8 million. The CryptoPunks NFT gross sales have tanked 58.73% from the earlier week.

4. Guild Of Guardians NFT Assortment

The Guild of Guardians, a non-fungible token assortment from Guild of Guardians, a role-playing P2E recreation that permits gamers to take groups of heroes and compete by way of difficult dungeons to gather sources, has been this previous week’s fourth most-selling NFT assortment within the NFT market. Previously seven days, the Guild of Guardians NFT assortment has raised a buying and selling gross sales quantity of $5.8 million. The Guild of Guardians NFT buying and selling gross sales quantity has surged by 49% from the earlier week.

5. DMarket NFT Assortment

DMarket is a non-fungible token assortment created on the Mythos Chain blockchain community that represents in-game digital gadgets of well-liked on-line video games akin to Counter-Strike and Dota 2, has been this previous week’s fifth most traded NFT assortment within the NFT market. Previously seven days, the DMarket NFT assortment has amassed a buying and selling gross sales quantity of $5.6 million, down 0.02% from the earlier week.

6. Uncategorized Ordinal Assortment

Uncategorized Ordinal, a non-fungible tokens created on the Bitcoin blockchain community that aren’t formally a part of any assortment, have been this previous week’s sixth most-selling NFT assortment. Previously seven days, the Uncategorized Ordinals assortment has amassed a buying and selling gross sales quantity of $5 million. The Uncategorized Ordinal buying and selling gross sales quantity has surged 193% from the earlier week.

7. Bored Ape Yacht Membership NFT Assortment

Bored Ape Yacht Membership, the flagship NFT Assortment of the digital asset agency Yuga Labs that includes a restricted version of 10,000 ape PFPs hosted on the Ethereum blockchain community, has been this week’s seventh most-selling NFT assortment within the NFT market. Previously 24 hours, the Bored Ape has amassed a buying and selling gross sales quantity of $4.3 million. Throughout this time, the Bored Ape NFT gross sales quantity has plunged by 11% from the earlier week.

8. Pudgy Penguins NFT Assortment

Pudgy Penguins, a non-fungible token assortment from the digital asset incubation studio Yuga Labs that includes a restricted version of 8,888 penguin cartoons hosted on the Ethereum blockchain community, has been this previous week’s eighth most-traded NFT assortment within the NFT market. Previously seven days, the Pudgy Penguins have recorded a buying and selling gross sales quantity of $4.08 million. The Pudgy Penguins NFT gross sales quantity has surged by 45% from the earlier week.

9. Bitcoin Puppets NFT Assortment

Bitcoin Puppets, a non-fungible token assortment that includes a restricted set of 10,001 digital gadgets created on the Bitcoin blockchain community utilizing the favored Ordinal protocol, has been this previous week’s ninth most-selling NFT assortment. Previously seven days, the Bitcoin Puppets NFT has raised a gross sales quantity of $3.7 million. Throughout this time, the Bitcoin Puppets NFT gross sales quantity has plunged by 38.77% from the earlier week.

10. ZereBorn NFT Assortment

ZereBorn, a non-fungible token assortment that includes a restricted set of 5,500 NFTs hosted on the Solana blockchain community, has been this week’s tenth most-selling NFT assortment within the NFT market. Previously seven days, the ZereBorn NFT assortment has recorded a buying and selling gross sales quantity of $2.9 million. Throughout this era, the ZereBorn NFT buying and selling gross sales quantity has plunged by 34% from the earlier week.

The NFT Market Prediction

The worldwide non-fungible token market has been a rollercoaster journey in 2024, however the newest information indicators the robust potential for a resurgence. Now that crypto-friendly President Donald Trump has been re-elected in the US, the NFT house is ready to rebound, pushed by progressive functions and elevated mainstream adoption, and probably retest a bull run within the coming months.

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