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NFT market makes a modest comeback as Bitcoin hits $105k level

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The NFT market has posted a modest recovery, with sales volume rising by 1.95% to $106.2 million. This marks a stabilization after last week’s drop.

At press time, Bitcoin (BTC) price has surged to the $105,000 level. At the same time, Ethereum (ETH) has shown no significant movements in the last seven days. The global crypto market cap is now $3.28 trillion, up from last week’s $3.25 trillion.

According to data from CryptoSlam, market participation continues to grow, with NFT buyers increasing by 55.08% to 826,992. At the same time, NFT sellers rose by 18.12% to 257,017. However, NFT transactions have dropped by 24.94% to 1,651,758.

Ethereum NFT sales drop 15%

Ethereum maintains its leading position with $30.3 million in sales. However, it has fallen 15.57% from the previous week. Ethereum’s wash trading has also increased by 11.33% to $1.8 million.

Immutable (IMX) has surged to second place with $16.4 million in sales and posted a growth of 123.21%.

Bitcoin is in third place with $15.1 million, growing 17.81%. Mythos Chain is in fourth place with $14 million, up 3.26%. Polygon (POL) has dropped to fifth place with $13.9 million, down 7.72%.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Solana (SOL) rounds out the top six with $6.1 million and has fallen 13.31%. The buyer count has increased across all major blockchains and Polygon leads at 54.25% growth. Solana followed this at 34.99% and Bitcoin at 33%.

In collection rankings, Courtyard on Polygon maintains its top position with $12.5 million in sales. However, the collection has seen a massive seller decline, dropping 77.08%.

Guild of Guardians Heroes has climbed to second place with $10.6 million, more than doubling with 108.92% growth. DMarket holds third place with $8.9 million, up 6.11%. Guild of Guardians Avatars has

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Author: Vignesh Karunanidhi

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