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NFT market is booming: sales increase to $ 129 million despite the Bitcoin decline!
The NFT market grows by 8.13% to $ 129.1 million, while Bitcoin and Ethereum decrease. BNB Chain achieves strong growth.
NFT market is booming: sales increase to $ 129 million despite the Bitcoin decline!
The NFT market shows ongoing growth, despite the current volatility in the crypto sector. According to the latest data from Crypto News, the market recorded an increase in sales of 8.13%, which corresponds to a total turnover of $ 129.1 million. This marks the third consecutive week with sales growth, which indicates constant relaxation.
The doubling of the number of buyers is particularly remarkable, while the sales numbers have increased by an impressive 140%. This indicates increasing interest and trust in the NFT assets, even in times of falling cryptocurrency prices. Bitcoin (BTC) fell to $ 119,000 and Ethereum (ETH) to $ 4,000, which means that market capitalization for cryptocurrencies has dropped to $ 3.78 trillion.
Growth of the blockchain rankings
With growth of almost 200%, BNB Chain has worked into second place in the blockchain rankings. In this context, the number of NFT buyers rose by 112.37% to a total of 587,381, while the sellers rose to 496,112. In the case of NFT transactions, however, a decline of 7.99% shows to 2,088,311.
In the sales of the top blockchains, Ethereum remains in the lead with $ 45.2 million, albeit with a minimal growth of 1.49%. The BNB Chain achieved 25.5 million USD, which corresponds to impressive growth of 197.21%. In contrast, other blockchains such as Bitcoin and Solana recorded significant declines.
Sales and valuable NFTS
The sales figures this week show high values: For example, cryptopunks #9286 for 48.97 ETH (220,299 USD) was sold. The other copies from the Cryptopunks series also brought high purchase prices. Boogle was sold for 950 SOL (USD 205,400), which underlines the continuing popularity and the value of these digital collector's pieces.
On the BNB Chain, the Vesting NFT collection is at the top with $ 17.9 million. In contrast, DX Terminal on Base developed by 3.55%with $ 8.6 million in step backwards. The Pudgy Penguins, who are in eighth place on the ranking, were able to increase their sales by 15.21% and thus reach USD 3.4 million.
In summary, it can be said that the relaxing NFT market and the increasing buyer interest are a positive signal for the future of digital art and collectibles. Despite the challenges in the cryptom market, investors still seem to recognize good purchase opportunities.
For detailed information on the NFT market and the current developments, read the complete reports Crypto News.