<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/can-nft-sales-maintain-their-momentum" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can NFT Sales Maintain Their Momentum?</a><br></p>
<p style="text-align: justify">NFT sales have rebounded significantly, reaching nearly $85 million in the first week of October. This surge marks the highest sales volume the market has experienced since late August, indicating a notable recovery within the cryptocurrency landscape. The increase in NFT transactions is particularly impressive against the backdrop of a generally fluctuating market.</p>
<h2 style="text-align: justify" id="strong-are-nfts-showing-signs-of-recovery-strong"><strong>Are NFTs Showing Signs of Recovery?</strong></h2>
<p style="text-align: justify">Data from CryptoSlam reveals that NFT sales exceeded $84.9 million between September 30 and October 6, with the previous peak recorded at $93 million during the week of August 25. While these figures represent a positive trend, they still fall short of the staggering $2.2 billion weekly sales observed at the NFT market’s zenith in August 2021.</p>
<h2 style="text-align: justify" id="strong-what-collections-are-gaining-traction-strong"><strong>What Collections Are Gaining Traction?</strong></h2>
<p style="text-align: justify">Interest in popular NFT collections has also surged, with the Dmarket collection leading the week with 537,714 transactions, generating over $14 million. Additionally, the NFT buyer base expanded by 22%, reaching over 839,000 buyers, alongside a significant rise in transaction numbers, which increased by 71% to over two million.</p>
<p style="text-align: justify">Despite the positive signs, the NFT market faces challenges, including:</p>
<ul>
 <li>Total NFT sales in September were $303 million, a decrease from $373 million in August.</li>
 <li>96% of 5,000 examined NFT collections are deemed “dead,” indicating a high failure rate.</li>
 <li>One-third of these collections ceased operations in 2023, averaging less than a year of activity.</li>
</ul>
<p style="text-align: justify">While recent data suggests a resurgence in NFT sales, the sector continues to grapple with significant hurdles. The contrasting developments indicate that while interest may be rekindling, the market’s long-term health remains uncertain and requires ongoing observation.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/can-nft-sales-maintain-their-momentum" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can NFT Sales Maintain Their Momentum?</a></h5>

Can NFT Sales Maintain Their Momentum?

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