NFT Market Experiences Mild Rebound as Bitcoin Crosses $105K
The NFT market has experienced a mild rebound, with weekly sales volume growing 1.95% to $106.2 million. This marks a potential reversal of last week’s downturn, in conjunction with Bitcoin’s spectacular surge to the $105,000 level.
The NFT marketplace has seen greater participation, based on CryptoSlam statistics. The number of buyers went up 55.08% to 826,992, while sellers rose by 18.12% to 257,017. Total transactions went down nearly 25% to 1,651,758, indicating mixed momentum.
Ethereum Leads in Volume, But Sees Dip
Ethereum is still in the top spot for NFT sales, with $30.3 million. Despite this, volume fell by 15.57% from last week. Interestingly enough, Ethereum blockchain wash trading increased by 11.33% to $1.8 million.
Immutable and Bitcoin NFTs skyrocket
Immutable moved into second place, generating $16.4 million of sales in NFTs, a 123.21% boost. Bitcoin NFTs were hot on its heels, bettering 17.81% to $15.1 million. Mythos Chain generated $14 million in sales (+3.26%), while Polygon dropped to $13.9 million, down 7.72%.
Solana rounded out the top six with $6.1 million in sales, down 13.31%. But Polygon dominated the increase in buyers at 54.25%, followed by Solana (34.99%) and Bitcoin (33%).
Top NFT Collections This Week
- Courtyard (Polygon) was number one with $12.5 million in sales, despite seller counts dropping 77.08%.
- Guild of Guardians Heroes expanded exponentially, rising 108.92% to $10.6 million, ranking second.
- Key third spot went to DMarket with $8.9 million (+6.11%), while Guild of Guardians Avatars rose 129.32% to $5 million.
- Bitcoin BRC-20 NFTs ranked fifth with $4.8 million, growing across all the major metrics.
CryptoPunks, while registering substantial solitary sales, fell to the sixth spot with $3.5 million—a 22.23% fall. Transactions and seller figures decreased but that of buyers remained steady.
High-Value NFT Sales Worth Noting
- CryptoPunks #1831 – 150 ETH ($389,846)
- CryptoPunks #9778 – 150 ETH ($377,958)
- CryptoPunks #4868 – 76.5 ETH ($201,933)
- CryptoPunks #5586 – 70.07 ETH ($185,292)
- CryptoPunks #7516 – 60 ETH ($158,378)
As Bitcoin maintains momentum and NFT buyer numbers grow, the market may be inching toward broader recovery, despite volatility across individual collections.
