NFT Sales Supply, Penguins Penguins Plunge: Here’s the latest

The NFT market continues to be trend to fall even while the CRIPTO prices stabilize, and the BitCoin edge to $ 97,000 while Etherum keeps about $ 2,688 permanently (see below).

The wider crypto market saw a modest recovery, and the total market cover grows to $ 3.24 trillion from last week of $ 3.13 trillion.

New traders show interest in spite of the lower quantities

Toward Kryptoslam Data, NFT (non-fungal token) The volume of sales fell to $ 112.7 million. It is a drop of 35.15% since the previous week. However, the market noted significant increase in participation, which suggests increasing interest in new traders despite lower total values.

The market data show interesting contrast between the scope and participation:

• The NTT sales volume dropped to $ 112.7 million of $ 119.5 million
• NFT customers rose 624.41% to 203,994
• NFT sellers increased 519.61% to 158,805
• The NFT transactions have decreased by 1.41% to 1,443.007

Etherum NFT Volume sales decreases 41.25%

• Ethereum (El) The market leader remains, but he saw that sales were made 41.25% to $ 56.0 million. Trading of the laundromat was 78.20% to 12.0 million dollars, although the customer numbers rose 81.43% to 30,598.
• Mitos chain held another place with $ 13.9 million in sales, absorbed 4.66%.
• Solana (Salt) The third position with $ 11 million is maintained despite a reduction of 32.56%.
• Polygon (Gender) Showed the strength of the fourth place with $ 8.1 million, 10.76% grows.
• Bitcoin (Btc) fell on a fifth with $ 6.7 million, falls 71.42%.

Drknac leads the sale of the NFT

Drknac took the advantage with $ 8.7 million in sales, increasing 7.98%. The collection maintained strong activity with 322,241 transactions and 24,413 customers. In the yard followed 7.3 million dollars, 25.78% and seeing the customer numbers jump 122.44%.

Criptopunks held a third place with $ 5.2 million despite a drop of 30.01%. Penguin Penguins fell to the fourth position with $ 5.1 million, 55.29% drop down. Azuki rounded the first five with $ 5 million, 79.17% reduced.

The sales of the week of the week is included in:

• Uncategorized Offices # 8912771: 7,749,449 USD (80.1296 BTC)
• Cryptopunks # 2550: $ 331,955 (125 Eth)
• Cryptopunks # 793: 146,683 $ (53.5 Eth)
• Cryptopunks # 9634: 128,988 $ (47.5 Eth)
• Criptopunks # 9701: 122,883 $ (45 ETH)

What happened?

NFTS was hot 2021. years, but the market has become all saturated. Sales of suffeners, but showed signs of a return In October.

But with thousands of projects that overflow space, many lacking unique value, customers are seemingly extremely more careful due to speculative investment.

Initial flourishing of HPE-conducted NFTS, encouraged by highly proceedings – including a series of images in photos hyper Donald Trump while the campaign – he started fading. Many early adoptive parents have outlawed projects that have failed to provide long-term value, while others face the reality of unsustainable assessments.

As a result, the interest in NTF trading slowed, especially as economic uncertainty – including growing inflation and recession fears, it made consumers withdraw from speculative property.

Despite these challenges, the SPAR is developing. It agtane the interest in NRTS with a real service program, especially those related to metavers and players ecosystems, suggesting the market according to functional property, not speculative collectible. While the market is cooled, quality over the amount becomes a defined factor for future NTF success.

For more cover on NFTS, see episode six cripto.news show, with special guests Anika Meier.