News

Number of NFT Sales Increase by 101.1% in 30 Days; First Jump since January

0

New York, New York – April 21, 2022 (Investorideas.com Newswire) After a somewhat successful year for the NFT market in 2021, sales began to dip in January and have been plummeting ever since. However, things may seemingly be looking up, as the number of sales involving NFTs increase for the first time in months.

Tradingplatforms.com has been following up on the NFT market. According to market reports, the number of sales has increased from 15,846 in March to over 31,977 in April 2022.

Edith Reads from Tradingplatforms.com gave their opinion on the matter. “The NFT market, just like any other market in the blockchain and crypto scene, is very volatile, and we can expect some more upward and downward trends before they stabilize.”

NFT declines hot debate for skeptics

Interest in the scene spiked following Christie’s Auction in March 2021, where American artist Beeple sold his digital collection for a whopping $69.3 million.

As more crypto enthusiasts leapt on board, skeptics maintained their distance, citing that the NFT bubble was just that and it would soon come to an end.

Earlier on this year, they seemed to have a point as the market plummeted week by week. The NFT sales dropped from a record 109,000 in August 2021 to slightly below 23,000 in November before beginning a slow climb to 44,604 in January. The market has been on a downhill trend since then, and has only just recorded the first significant jump.

Total value of sales also on the rise

The value of the NFT sales has also increased for the first time in months, although the change is not nearly as significant as in the number of sales. The value rose by 7.9% to a total of $47.4 million at the time of writing.

However, this amount is still considerably low, going by previous figures. The total value of NFT sales stood at $95 million in January 2022, indicating a 50% decline in the four month.

The full story and statistics can be found here: Number of NFT Sales Increase by 101.1% in 30 Days; First Jump Since January

Contacts:

Edith Reads
Tradingplatforms.com
St Magnus House
3 Lower Thames St
London
EC3R6HA
edith@finixio.com

More Info:

This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Buy a crypto guest post on Investorideas.com

Outside the Box: Winners and losers in the ESG-investing push: Garbage companies, utilities and convenience stores

Previous article

The Big Move: I own a rental home in New York that I want to sell. Should I wait until my tenants have moved out — or tell them the bad news now?

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News