NFT Market Sees Decline, crypto Prices Fall
The NFT market has taken a hit, with sales dropping 18.43% to $116.9 million, according to CryptoSlam data. This is a shift from the previous week’s strong performance.Bitcoin (BTC) has also seen a price dip to $103,000, while Ethereum (ETH) has decreased by 4% over seven days. The global crypto market cap is now $3.21 trillion, down from $3.29 trillion last week.
Despite the downturn, some metrics show resilience. The number of NFT buyers stays steady at 1,061,348, maintaining a 50.56% growth. Sellers have increased by 8.09% to 38,494.Though, transactions have slightly decreased by 0.63% to 1,709,086.The crypto market cap is now $3.21 trillion.
Immutable (IMX) remains the leader but with reduced sales of $28.3 million, a 32.23% drop.
Immutable (IMX) still leads the pack but with reduced sales. Polygon (POL) has surged to second place, overtaking Ethereum. Solana (SOL) has climbed to fifth place with a 42.74% increase.
Key collections include Courtyard on Polygon, Guild of Guardians Heroes, and DMarket. Notable high-value sales this week include several CryptoPunks.
