Rally

Mode

Mythos

BlackRock

<ul class="wp-block-list">
 <li>For the week, Ethereum’s NFT sales reached $67 million, a 111% rise over the previous week.</li>
 <li>The average value of an NFT transaction increased significantly, with growing sales volumes.</li>
</ul>
The substantial advances in the cryptocurrency market drove a weekly sales volume of $181 million for non-fungible tokens. According to statistics compiled by <a href="https://www.cryptoslam.io/" target="_blank" rel="noopener noreferrer nofollow">CryptoSlam</a>, a digital collectibles tracker, NFTs sales volume recorded for $181 million in the seven days ending November 17th. Compared to the previous week, when NFTs only made $93 million in sales, the data reveals a 94% rise.
For the week, <a href="http://ethereum.org" target="_blank" rel="noopener noreferrer nofollow">Ethereum’s</a> NFT sales reached $67 million, a 111% rise over the previous week, putting it in first place among all blockchains. Close behind, Bitcoin had a 115% week-over-week increase in NFT sales, reaching $60 million.
Meanwhile, a total of $45.5 million was generated in sales for <a href="https://thenewscrypto.com/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>, Mythos Chain, Immutable, Polygon, and BNB Chain in a single week. The average value of an NFT transaction increased significantly, with growing sales volumes. A week ago, the average value of an NFT sale was $71.11. This week, it jumped 87% to $133.08.
<h3 class="wp-block-heading" id="h-recovery-mode-underway">Recovery Mode Underway</h3>
The market had a recovery, ending its decline in the monthly sales charts, which coincided with the spike in weekly NFT sales volume. October sales of digital collectibles reached $356 million, an increase of 18% from September’s record monthly low of about $300 million for NFTs. As a result, digital collectibles have broken a seven-month slump.
Not only did sales volumes rise in October, but NFT transactions did as well. With a 42% rise over the previous month, the total number of NFT transactions for the month hit 7.2 million.
The overall cryptocurrency markets have been trending upward, which has coincided with the meteoric rise in NFT sales volumes. Crypto markets, topped by Bitcoin, surged in the days after the US elections.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/blackrock-secures-commercial-license-in-abu-dhabi-eyes-ai-expansion/" target="_blank" rel="noopener noreferrer nofollow">BlackRock Secures Commercial License in Abu Dhabi, Eyes AI Expansion</a>

NFT Weekly Sales Surge 94% Amid Overall Crypto Market Rally

Table of Contents

TheNewsCrypto

Other articles published on Nov 18, 2024

Pennsylvania House of Representatives Introduces Bill to Hold Bitcoin as Reserve Asset

Cathie Wood’s Bold Bitcoin Prediction: Can Records Keep Breaking?

3 Altcoins to Hold If Bitcoin Hits $110K: DOGE, UNI, TON

Tokenized Real Estate ownership : How IMO Invest utilizes the blockchain for ownership of real wo...

Is This the Reason Why Sui is Surging?

FLOKI Surged 21% As Coinbase Confirmed Listing Roadmap

Join our free newsletter for daily crypto updates!