CandleFocus Triple-Digit Gains and Pricey Sales—What’s Fueling the NFT Market’s Latest Shakeup?
2024-10-26
Author: Content Editor
Recent data shows that NFT sales decreased by 7.11% between Oct. 19 and Oct. 26. Despite the decline in sales, the number of NFT buyers increased by 42.20% and the pool of sellers grew by 52.55%. Ethereum led in NFT sales with $31.20 million, followed by Solana with $18.42 million. Bitcoin ranked third with $14.37 million, experiencing a significant 34.02% decrease. Top-performing collections included Froganas, Dmarket, and Bored Ape Yacht Club. The market has shown shifts in buyer and seller tactics, indicating a preference for different blockchain ecosystems. The NFT sector remains dynamic and responsive to the latest trends.
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