NFT Market Cools Down: Sales Slide Nearly 8% Amidst Buyer Plunge
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Highlights
- Overall NFT sales declined, with fewer buyers and sellers participating.
- Despite the downturn, certain collections like CryptoPunks and Guild of Guardians saw increased sales.
- Despite current challenges, the NFT market is projected to rebound before the end of the year.
Over the past week, NFT market sales saw another drop, decreasing by 7.91% compared to the previous period. The number of buyers took a steep hit, plummeting 73.46%, while sellers also declined notably, down 61.18% from the prior week.
NFT Market Sales Down 7.91% as Buyers and Sellers Withdraw
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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