The value of the crypto economy has fallen sharply in the past few weeks, but 7-day statistics show that non-fungible token (NFT) sales are down 17.32% from last week. The data also show that NFT floor prices have fallen significantly over the past month, as some of the most popular NFTs have recently been sold at much lower prices.
When the once hilarious NFT industry faced the first crypto bear market, interest in non-fungible tokens declined and sales declined.
NFTs have recorded billions of dollars in sales over the last 12 months, but NFT trends are currently experiencing the first trend. Crypto Bear Market.. The market genocide over the past few weeks has hit NFT sales and top-floor prices due to some of the most popular collections.
According to Google Trends (GT) data, the interest in non-fungible tokens has diminished as the search query “NFT” has dropped significantly. During the week of January 16th to 22nd Global GT data The search term “NFT” has reached a maximum score of 100, but this week’s search query term is 25.
Weekly sales fell 17.32% from the previous week, while NFTs were still on sale, Measured NFT sales Last week was down 64% from the previous week. Look at the market indicators, Terra LUNA and UST blunder It also affected the NFT space.
Floor prices dropped in many good NFT collections last week, and today they are much lower. In addition, some popular NFT collections reached record highs in terms of floor prices just 34 days ago, and current statistics show that they are now sold at much lower prices.
Boring apes, proof collectives and crypto punks sell for less than half of last month’s sales
April 23, 2022, the floor value of the NFT collection called Proof Collective is about 129 ether At that time, one Ethereum was exchanging hands for $ 2,950 per unit. This means that 34 days ago, the cheapest Proof Collective NFT was about $ 380,000.
That same day, the floor value of Bored Ape Yacht Club (BAYC) was about 123. ETH Or $ 362K using the ether exchange rate of the day. The cheapest Cryptopunks NFT was priced at around 59 ethers on April 23, at that time at around $ 174K.
Currently, the floor value of the Proof Collective NFT collection is about 75 ethers, ETH Recorded May 27, today’s cheapest Proof Collective NFT sells for $ 130,000. The floor value of the BAYC collection is $ 153K or 87.98 on Friday ETH Cryptopunks NFT floor is 46.5 ETH Or $ 80K.
34 days ago, the floor of the Bored Ape Chemistry Club NFT was about 45 ethers, but now the lowest is 39.5 ethers. Similarly, the Mutant Ape Yacht Club (MAYC) NFT had a floor value of 33. ETH A month ago and today, the lowest is 17.2 ether.
The Other acts NFT collections currently account for the top sales of all NFT collections last week. Sales of other certificates reached $ 23 million over the past seven days, down 14.52% from last week.One specific NFT collection called Goblin Town,record Sales were $ 21.9 million, a sharp increase of 1,744,444% over last week.
The top three most expensive NFTs sold this week come from the Otherdeed NFT collection. Bored monkey # 2664 It is the fourth most expensive NFT sold for 199.99 ethers ($ 390,000) two days ago. Cryptopunk # 3764 It was the fifth most expensive as it was sold for 190 ethers ($ 389K) four days ago.
In addition to the top three most expensive NFT collections in terms of floor value, non-fungible token collections such as Clonex, Doodles, Azuki, Veefriends and Bored Ape Kennel Club are all much lower than the recorded value. I have confirmed that it will be on April 23, 34 days ago.
What do you think about the drop in NFT sales and the drop in floor prices for good NFT collections? How do you imagine the movement of the NFT industry in the crypto bear market? Please tell us what you think about this subject in the comments section below.
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