Table content
Alright, here’s a revised version of the NFT market analysis, optimized for clear communication and maximum effect for an English-speaking readership:
# NFT Sales Plunge Almost 30% to $107 Million Amidst Crypto Market Slowdown; Pudgy Penguins Experience a Collapse
The NFT sector is experiencing the effects of the wider crypto downturn, with Bitcoin falling below $65,000 and Ethereum hovering around $3,200.
Based on data from CryptoSlam, total NFT sales have decreased to $107.1 million, a 28.93% decline from the previous week. Despite the decrease in sales, there’s a noteworthy development: more individuals are actually participating.
Here’s a summary of the week’s key figures, presenting a complex scenario:
* **NFT Sales:** Decreased from $152.9 million to $107.1 million
* **NFT Buyers:** Increased significantly, 36.02% to 456,874
* **NFT Sellers:** Also increased, 32.81% to 314,871
* **NFT Transactions:** Remaining stable, a slight increase of 0.86% to 1,566,183
### Ethereum Sales Severely Affected
Ethereum-based NFT sales suffered a significant blow, plummeting 67.86% to $25.3 million, even though the number of buyers increased by 20.27% to 50,056. Wash trading on Ethereum also experienced a substantial decrease, down 92.83% to $2.7 million.
Bitcoin NFTs defied the trend, with sales increasing 16.73% to $24.3 million and the number of buyers increasing 30.71% to 30,203.
Mythos Chain maintained the third position with $14.7 million in sales, a modest decrease of 4.79%. Polygon advanced to fourth place with a 45.35% increase to $14.2 million, while Solana completed the top five with $12.1 million, up 12.41%.
### Top Collections Witnessing Declining Sales
Courtyard led the group with $12.1 million in sales, a 39.55% increase. This Polygon-based project saw a massive 139,249 transactions, although the number of buyers decreased by 24.05%.
Ordinal Maxi Biz (OMB) surged to second place with $12 million, a substantial 450.88% increase, with buyer growth exceeding 2000%.
DMarket fell to third with $9.5 million, down 6.30%. Newcomer f(x) wstETH position ranked fourth with $6.1 million, up 173.91%, while Guild of Guardians Heroes completed the top five with $3.1 million in sales, a 7.38% increase.
Ouch! Pudgy Penguins, previously a market favorite, has dropped to tenth place with a mere $1.6 million in sales, a staggering 80.69% drop. All indicators for the project are down.” Toncoin (TON) Value Forecast for March 26th
Heres a summary of significant NFT transactions this week:
* Book.io – “Dr. Jekyll and Mr. Hyde”: $390,410 (600,000 ADA) – It appears that classic works remain popular, even in digital formats!
* Book.io – “Dr. Jekyll and Mr. Hyde” (Second Edition): $386,179 (600,000 ADA) – A subsequent version garnered almost an equivalent amount.
* CryptoPunks #1062: $177,517 (80 ETH) – A CryptoPunk still gets a substantial cost.
* CryptoPunks #2948: $139,250 (52.5 ETH) – Another Punk creating buzz.
* Ordinal Maxi Biz (OMB): $110,374 (1.1442 BTC) – Bitcoin Ordinals are still valuable.
In a wider context, the total crypto market capitalization has suffered a decrease, falling from $3.18 trillion the previous week to $2.84 trillion. Ethereum has been notably impacted, experiencing a decrease exceeding 20% over the past week. Further information will be provided later.
