Connect with us

Markets

NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains

NFT Sales Jumped 22% Higher This Month With 8 Million in NFTs Sold Across 20 BlockchainsNon-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) […]

NFT Sales Jumped 22% Higher This Month With 8 Million in NFTs Sold Across 20 Blockchains

Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) NFTs managed to jump above the floor value of Cryptopunks NFTs by more than four ethereum.

NFT Sales Improved in November, Rising 22% Higher Than October’s Sales — BAYC Floor Surpasses Cryptopunks

Roughly two weeks ago, Bitcoin.com News reported on the two blue chip NFT collections — Cryptopunks and Bored Ape Yacht Club (BAYC) NFTs. At the time, Cryptopunks NFTs managed to rise above BAYC NFTs in terms of NFT floor values, but during the last two days, Bored Ape floor values have once again grabbed the reins.

At the time of writing, the floor value of the cheapest BAYC is 69.88 ether, while the Cryptopunks floor value is 65.94 ether. BAYC’s floor price has managed to remain above the floor value tied to the Cryptopunks collection for two days.

NFT sales have been higher during the last 30 days as there were $568.19 million in digital collectible sales last month, which is roughly 22.37% more than the month prior. The number of NFT buyers last month is down 12.83%, and the quantity of NFT transactions slipped 27.09% lower than last month’s number of NFT transactions.

Out of the $568.19 million in NFT sales, $443.55 million worth of those sales were Ethereum-based NFTs. Ethereum-based NFT sales are up 45.99% higher than last month, according to stats recorded by cryptoslam.io.

The biggest month-over-month NFT sales increase stemmed from Arbitrum blockchain NFT sales as Arbitrum NFT sales rose by ​​46.83%. Below Ethereum and Arbitrum-based NFT sales, Fantom sales were 43.58% higher than the month before.

The blockchains that saw significant month-over-month declines include Cardano NFT sales down 54.98%, BNB shed 49.21%, Polygon NFT sales slipped by 66.35%, and Ronin-based NFT sales are down 54.76%. Avalanche-based NFT sales have dropped 49.32% lower than the month prior as well.

During the last month, the NFT collection with the most sales was BAYC as it captured $64,907,645 over the past 30 days. Art Gobblers raked in $57.18 million and the Mutant Ape Yacht Club (MAYC) NFTs took in $29.14 million.

Out of the top 40 NFT collections in terms of sales, Meebits saw the largest 30-day increase as Meebits NFT sales jumped 172.85% higher this month to $2.53 million. The most expensive NFT sold during the last month was Bored Ape Yacht Club #8,633 as it sold for $953K 12 days ago.

BAYC #8,633 was followed by BAYC #1,268, which sold six days ago for $923K, and BAYC #232 which sold for $908K six days ago. The top five most expensive NFTs sold during the last 30 days were BAYC NFTs, and the sixth largest sale was Cryptopunk #8,191 which sold for $438K roughly 26 days ago.

What do you think about the state of NFT markets this past month and sales improving by jumping 22% higher than the month prior? Let us know what you think about this subject in the comments section below.

Source: Markets and Prices Archives – Bitcoin News

Continue Reading
Advertisement

Altcoins

Crypto stocks poised as Bitcoin holds $23K ahead of FOMC

Bitcoin miners Core Scientific rose 33% as stocks of Bitfarms, Stronghold Digital, CleanSpark all ended the past week higher. Coinbase and Robinhood shares also rose as Bitcoin broke above $23,000. FOMC meeting is this week and the market reaction will be key to what next for Bitcoin and crypto stocks. A number of crypto-related stocks […]

The post Crypto stocks poised as Bitcoin holds $23K ahead of FOMC appeared first on CoinJournal.

  • Bitcoin miners Core Scientific rose 33% as stocks of Bitfarms, Stronghold Digital, CleanSpark all ended the past week higher.
  • Coinbase and Robinhood shares also rose as Bitcoin broke above $23,000.
  • FOMC meeting is this week and the market reaction will be key to what next for Bitcoin and crypto stocks.

A number of crypto-related stocks are looking to extend gains notched in the past few days after closing in positive territory on Friday.

Among those to rip are share prices of crypto mining firms that had been struggling badly after reaching new all-time lows amid the crypto winter. 

This is happening even as Bitcoin price looks to push higher after holding above the $23,000 level over the weekend. A crucial macro news event to watch out for is the FOMC meeting this week.

Surge in Bitcoin price helped crypto stocks

Core Scientific (CORZ), the world’s largest publicly-traded Bitcoin miner, surged an impressive 33% on Friday, while crypto mining firm Digihost Technology (DGHI) saw its shares jump more than 11%.

Stocks of NASDAQ-listed miners Bitfarms (BITF), Stronghold Digital Mining (SDIG), Bit Digital (BTBT) and CleanSpark (CLSK) all ended the week in the green. Elsewhere, NYSE-listed Bit Mining and SOS ADR also rose.

Coinbase (COIN) and Robinhood (HOOD) stocks also traded higher, with the US-based crypto exchange’s stock soaring more than 15% on Friday. Coinbase‘s stock is up more than 73% in the past 30 days before markets open on Monday, 30 January. Robinhood shares ended the week 8% higher and were up nearly 28% over the past 30 days.

Bitcoin price, FOMC – what next for crypto stocks?

As noted, most of these publicly listed crypto companies saw their share prices soar alongside the positive price action of Bitcoin. But crypto has also largely correlated with stocks, with this week crucial in terms of the Federal Open Markets Committee (FOMC) meeting. 

On the positive side of things…

BTC/USD reached highs of $23,955 last week and is up more than 40% year-to-date. According to recent data from crypto analytics platform Glassnode, BTC’s recent upside momentum has the flagship digital asset’s price above three key on-chain metrics.

The breakout above $22,800 had Bitcoin above both the long term and short term cost-basis as well as Realized Price – the first time this has happened since 2020 COVID-19 induced crash. Also, the previous time when prevailing BTC price was above the three metrics was during the 2018/19 bear market.

On the flipside…

As covered by CoinJournal, Glassnode suggested last week that bulls managing to hold above the $22.4k level would aid sentiment and potential further gains. However, this week could see recent momentum derailed if investor reaction to the Federal Reserve’s FOMC minutes turns out to be negative. 

Although the market already expects a 25 basis point rate hike, some experts believe it would be a disaster for the markets if the Fed goes for a 50 basis point hike instead.

According to CoinGecko, Bitcoin was trading 1.1% down at 7:15 am ET on Monday as FOMC-related volatility likely began to set in across markets.

The post Crypto stocks poised as Bitcoin holds $23K ahead of FOMC appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

Continue Reading
Advertisement

Top Posts

We need your support.

Enjoying our free service? Please help us by clicking the ads on our website. They are 100% safe. Thank you!