money.P-media – NFT Sales Rise 10 Percent Driven by Cryptopunk. While the digital currency market has been declining in value over the past two months, weekly non-fungible token (NFT) sales have also fallen lower.
Seven-day statistics show NFT sales managed to climb more than 10 percent higher than the previous week. One particular NFT sale, Cryptopunk #4,464, helped propel sales volume this week up as the NFT sold for 2,500 ether or USD 2.6 million or Rp 39 billion at settlement.
Cryptopunk Sales up 545 percent, Ronin Based NFT Sales Up 146 percent Higher, NFT Gaming Rises above Art and Digital Collections
The weekly NFT sales volume has been much lower over the past two months, as the NFT value reflects the losses of the crypto economy bear market. This week, however, NFT sales were up 10.82 percent higher than the previous week, as $147 million was recorded this week in contrast to last week’s $133 million.
The second largest collection, in terms of weekly NFT sales, was the Bored Ape Yacht Club (BAYC) collection, which recorded a 53.25 percent increase over last week’s sales. Beneath the BAYC weekly sales data are Mutant Ape Yacht Club (MAYC) sales, after MAYC sales jumped 73 percent higher than the previous week.
Out of 18 different blockchains, Ethereum sees the most NFT sales as USD 124 million or IDR 1.8 trillion from USD 147 million or IDR 2.2 trillion in sales recorded last week coming from the ETH chain.
NFT Ethereum sales this week increased 16.99 percent. The blockchain with the largest weekly increase in NFT sales was Ronin as the network experienced a spike of around 146 percent.
NFT Sales Details
This week’s NFT Fantom sales follow Ronin’s gains of 104 percent over the past seven days. Sales of BNB, Immutablex and Waves NFT over the past week saw double-digit declines between 43 percent and 64 percent lower than the previous week.
In addition to the sale of Cryptopunk #4,464, two more Cryptopunk NFTs made it into the top five most expensive sales this week. Two NFT BAYC have also been in the top five for the past seven days.
Four days ago, Bored Ape #6388 sold for 826.29 wrapped ethereum (WETH) or more than USD 1 million and two days ago, Bored Ape #2,306 sold for 300 WETH or USD 364K or Rp 5.4 billion. Cryptopunk #3,614 sold for 275 ether or USD 336K or IDR 5 billion four days ago, and Cryptopunk #7,901 sold for 260 ether or USD 271K or IDR 4 billion about 12 hours ago.
Data shows from August 22, 2021, to now, NFT sales have continued to decline on a weekly basis with a brief increase in April 2022. While sales of art and digital goods have been lower, NFT games have been on the rise over the past few weeks. .
The all-time sales metric shows the Cryptopunks collection is close to $3 billion or IDR 45 trillion in all-time sales with USD 2.86 billion or IDR 42 trillion today. Axie Infinity’s NFT sales have generated USD 4.23 billion or IDR 63 trillion in all-time sales, and Opensea’s NFT market has recorded USD 31.27 billion or IDR 469 trillion in NFT sales to date.
The recent sale of Cryptopunk #4,464 increased the base value of the collection as it is the third highest selling for the cheapest NFT for 76.8 ETH today.
BAYC orders the largest floor value with the lowest priced Bored Ape selling for 95 ETH and the second largest floor value belonging to Proof Collective as the cheapest NFT from the collection retails for 82 ETH.
Crypto Prices Thursday Morning 14 July 2022
Previously, the price of bitcoin and other top cryptocurrencies was observed to reverse towards the green zone on Thursday morning trading (14/7/2022). The majority of bitcoin and other top-tier cryptocurrencies have strengthened.
Based on data from Coinmarketcap, Thursday, July 14, 2022, the cryptocurrency with the largest market cap, bitcoin (BTC) has gained 4.08 percent in the last 24 hours. However, during the week, the price of bitcoin fell 1.81 percent. Currently, the price of bitcoin is traded at USD 20,175.35 or around IDR 302.92 million (assuming an exchange rate of IDR 15,014 per US dollar).
Likewise ethereum moves in the green zone. The price of ethereum (ETH) jumped 6.28 percent in the last 24 hours. Meanwhile, during the week, the price of ethereum slumped 6.61 percent. Now, the price of ethereum is in the position of USD 1,109.83 or around Rp. 16.65 million.
Then, Binance Coin (BNB) also strengthened in the last 24 hours. BNB prices rose 3.79 percent. However, during the week, BNB prices weakened 3.58 percent. Currently, the price of BNB is at USD 230.27.
Furthermore, the price of Cardano (ADA) is also in the green zone. ADA prices rose 2.45 percent in the last 24 hours. However, during the week, the price of ADA fell 6.34 percent. Now, the price of ADA is traded at USD 0.433.
Other Crypto Prices
Solana (SOL) is in the green zone. The price of solana jumped 5.94 percent in the last 24 hours. In a week, the price of solana shrank 5.86 percent. Currently, the price of solana is in the position of USD 34.92.
The price of XRP is up 4.05 percent in the last 24 hours. Meanwhile, during the week, the price of XRP weakened 2.29 percent. Now, the price of XRP is at USD 0.3244.
Meanwhile, the price of dogecoin (DOGE) rose 1.99 percent in the last 24 hours. During the week, the price of Dogecoin plunged 10.48 percent. Now, the price of Dogecoin is at USD 0.06167.
Stablecoin Tether (USDT) and USD Coin (USDC) are also compact green. The USDT price edged up 0.01 percent in the last 24 hours. During the week, USDT prices rose a limited 0.02 percent. Now the price of USDT is in the position of USD 0.9994.
In addition, the USDC price rose 0.03 percent in the last 24 hours. During the week, the price of USDC was up 0.02 percent. Currently, the price of USDC is in the position of USD 1.00.
The price of Binance USD (BUSD) edged down 0.16 percent in the last 24 hours. In the week, the price of Binance USD rose 0.20 percent. Now the price of BUSD is at USD 1.00.