NFT Slump Worsens With Monthly Sales Hitting Rock Bottom
A sharp slowdown in buying pushed the NFT market back toward its weakest levels of the year, as weekly and monthly totals fell sharply and overall valuations continued to slip. Related Reading: All-In On XRP: Why This Leading Investor Sold His Entire Bitcoin Stack According to market trackers, trading activity cooled significantly in November and the first week of December, raising fresh questions about demand heading into year end. Sales And Volume Plunge NFT sales fell to $320 million in November, down from close to $630 million in October, CryptoSlam data shows. That level is roughly on....
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At the end of January 2022, non-fungible token (NFT) sales raked in $4.77 billion and NFT sales have slipped month after month since then. Last month, $549.82 million in NFT sales took place in September which shows monthly NFT sales are more than 88% lower than they were in January. Furthermore, after the search term “NFT” reached the highest score on Google Trends last January, tapping a score of 100, the last week of September’s score was 12, which is also 88% lower in terms of interest.
NFT Trade Volume and Search Queries Slide — Sales and Interest Down....
Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down following the crypto market downturn. A Number of NFT Sales Slide Following Crypto Market Downturn Throughout the year, NFTs have seen massive demand and markets have processed billions of dollars in sales. In the midst of the all-time highs bitcoin, ethereum, and numerous other crypto assets saw in....
Non-fungible token (NFT) sales are down a great deal, as 30-day statistics show NFT sales recorded last month saw just over $4.6 billion settled but today, sales are down 65.43% to $1.59 billion. Furthermore, Google Trends data indicates that interest in NFTs has dropped to the lowest point since the first week of October 2021.
From $4.6 Billion to $1.5 Billion — NFT Sales Slide More Than 65% Lower Than the Month Before
Over the last two years, non-fungible tokens (NFTs) have become very popular and a billion-dollar industry in a relatively short period of time. However,....