NFTs Weekly Trading Sales Volume Plunge 35% To $112M
The once-burgeoning market for non-fungible token collections has not moved out of the bearish phase, which it entered earlier this year. In yet another week, the global non-fungible token market has recorded a trading sales volume of $112 million, down 35% from the previous week. In this article, we shall explore the full state of the global NFT market as well as what collectors and traders should expect in the market in the coming weeks. NFT Sales Plunge +30% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the global non-fungible token market has plunged again in trading sales volume and floor price values this week. From February 10 to February 16, the global non-fungible token market recorded a trading sales volume of $112 million, down 35% from the past week. Despite the recent plunge, the number of traders buying the non-fungible token dip has sharply increased this we...