The NFT market is experiencing a slight recovery, with rising sales volumes and significant changes in cryptocurrency prices such as Bitcoin.
General Trends in the NFT Market
NFT sales volume rose by 1.95% to $106.2 million, indicating stabilization after last week's drop. The number of NFT buyers increased by 55.08% to 826,992, with sellers rising by 18.12% to 257,017. However, NFT transactions fell by 24.94% to 1,651,758.
Ethereum and Sales from Other Platforms
Ethereum maintains its leading position with $30.3 million in sales, despite a fall of 15.57% from last week. Immutable has surged to second place with $16.4 million, growing 123.21%. Bitcoin follows with $15.1 million, showing a 17.81% increase, while Mythos Chain and Polygon round out the figures with $14 million and $13.9 million respectively.
High NFT Sales of the Week
Notable high-value sales this week include:
* CryptoPunks #1831 sold for 150 ETH ($389,846) * CryptoPunks #9778 sold for 150 ETH ($377,958) * CryptoPunks #4868 sold for 76.5 ETH ($201,933) * CryptoPunks #5586 sold for 70.07 ETH ($185,292) * CryptoPunks #7516 sold for 60 ETH ($158,378).
Meanwhile, the CryptoPunks collection has fallen to sixth place, with sales decreasing by 22.23%.
The NFT market shows modest signs of recovery amid a changing cryptocurrency landscape. An increase in the number of buyers and sales volumes are positive signals for the future.
