NFT Market Sales Take a Dip, but Not All Collections Are Grounded The NFT market had a bumpy ride this week, with sales dropping by 12.67% and transactions down by over 11%. Ethereum and Bitcoin both saw declines, but it wasn't all doom and gloom.
Ethereum's sales slipped by 11.27%, while Bitcoin took a bigger hit with a 21.61% downturn. However,
Polygon held its ground at fourth place, despite a 21.59% fall.
Mythos defied the odds, soaring with a 3.38% increase and securing the fifth spot with $6.51 million in sales.
Pandora took the crown this week, raking in an impressive $39.93 million, even though it experienced a 33.41% drop. And
Solana's Transdimensional Fox Federation had its moment, jumping up by 28.22%.
Pudgy Penguins waddled their way to success with a notable 38.34% rise, while
Uncategorized Ordinals stumbled down by 53.04%.
Other collections like Mad Lads, Doodles, Moonbirds, BAYC, and Gods Unchained also made waves in the top ten.
The highest sale honor went to Pandora #54,222 at $1.48 million, followed by Cardano's Happy Hoppers Club Poster #09281 at $863,409.
While the market may have taken a dip overall, there were still some shining
stars in the NFT galaxy this week – proving that this digital art world can be as unpredictable as ever!
Moonbirds soared with an astronomical 1,057% increase after Yuga Labs' acquisition, while BAYC enjoyed a solid 23.36% rise. On the flip side, Bitcoin's presence in NFTs took a backseat this week, slipping to third place in sales.
