{"id":32418,"date":"2024-11-17T20:00:57","date_gmt":"2024-11-17T17:00:57","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32418"},"modified":"2024-11-17T15:49:20","modified_gmt":"2024-11-17T12:49:20","slug":"nft-sales-surge-94-as-ethereum-and-bitcoin-lead-the-way","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/nft-sales-surge-94-as-ethereum-and-bitcoin-lead-the-way\/","title":{"rendered":"NFT Sales Surge 94% as Ethereum and Bitcoin Lead the Way"},"content":{"rendered":"

Thanks to the general rise in the cryptocurrency market, NFT<\/strong> sales have experienced a significant increase. The Ethereum<\/strong> network led the charge with $67 million<\/strong> in sales over the past week, while Bitcoin-based NFTs<\/strong> reached $60 million<\/strong> in sales.<\/p>\n

On November 17, digital collectible data provider CryptoSlam<\/strong> reported that NFT sales<\/strong> hit $181 million<\/strong> in the last seven days, marking a 94% increase<\/strong> compared to the previous week, when NFT sales were only $93 million<\/strong>.<\/p>\n

\n

Might interest you: Who Could Replace Gary Gensler as SEC Chairman?<\/strong><\/a><\/em><\/p>\n

\n

The Ethereum<\/strong> network finished the week as the top performer, registering a $67 million<\/strong> sales volume, an increase of 111%<\/strong> from the previous week. During the same period, the Bitcoin blockchain<\/strong> saw $60 million<\/strong> in NFT sales<\/strong>, marking a 115% rise<\/strong>.<\/p>\n

Other major blockchains, including Solana<\/strong>, Mythos Chain<\/strong>, Immutable<\/strong>, Polygon<\/strong>, and BNB Chain<\/strong>, collectively made $45.5 million<\/strong> in sales.<\/p>\n

Along with the surge in sales volume, the average NFT sale<\/strong> value also rose. Over the past seven days, the average sale price of an NFT<\/strong> jumped to $133.08<\/strong>, an 87% increase<\/strong> from the previous week’s average of $71.11<\/strong>.<\/p>\n

\"NFT\"<\/p>\n

NFT Market Shows Growth<\/h2>\n

This surge in sales comes after months of decline in the digital collectible sector. In October<\/strong>, NFT sales<\/strong> amounted to $356 million<\/strong>, an 18% increase<\/strong> from September<\/strong>, when sales had dropped to about $300 million<\/strong>, signaling the end of a seven-month downturn.<\/p>\n

Additionally, NFT transactions<\/strong> also saw a rise in October<\/strong>, reaching a total of 7.2 million<\/strong>, marking a 42% increase<\/strong> from the previous month.<\/p>\n

The surge in NFT sales<\/strong> aligns with the broader crypto market<\/strong> rally. Following the U.S. presidential elections, crypto markets<\/strong> saw a significant jump, with Bitcoin<\/strong> leading the way. On November 13<\/strong>, Bitcoin<\/strong> hit a new all-time high of $93,477<\/strong>, and as of now, it is trading around $91,000<\/strong>, with a market capitalization of $1.8 trillion<\/strong>.<\/p>\n

NFT market<\/strong> continues to thrive, driven by powerful blockchains like Ethereum<\/strong> and Bitcoin<\/strong>, and fueled by the ongoing crypto market momentum<\/strong>. Expect more growth and innovation in the coming periods.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Thanks to the general rise in the cryptocurrency market, NFT sales have experienced a significant increase. The Ethereum network led the charge with $67 million in sales over the past week, while Bitcoin-based NFTs reached $60 million in sales. On November 17, digital collectible data provider CryptoSlam reported that NFT sales hit $181 million in<\/p>\n","protected":false},"author":28,"featured_media":31177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[61,60,9518,840,9519,106,105,81,103,9517,2172,84,1527,319],"class_list":["post-32418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bitcoin","tag-btc","tag-crypto-bullish-trend","tag-crypto-market","tag-digital-collectibles","tag-eth","tag-ethereum","tag-matic","tag-nft","tag-nft-sales-surge","tag-pol","tag-polygon","tag-sol","tag-solana"],"yoast_head":"\nNFT Sales Surge 94% as Ethereum and Bitcoin Lead the Way - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/nft-sales-surge-94-as-ethereum-and-bitcoin-lead-the-way\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFT Sales Surge 94% as Ethereum and Bitcoin Lead the Way - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Thanks to the general rise in the cryptocurrency market, NFT sales have experienced a significant increase. 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