The trading volume of the NFT sector has been in the red for the past few quarters. Yet, a slight correction in sales has been observed in the past week. At a time in 2022, the NFT market was appreciating greater highs, with a surge in volume.
According to nftpricefloor(dot)com data, CryptoPunks#6915 gathered a huge limelight in the past 24 hours. The NFT was traded for 620.00 ETH, valued at $1466718.21 as of writing.
CryptoPunks#9479 is the second most pricey NFT traded intraday for 35.00 ETH; it is essential to note that #6915 also bears the title of the most traded NFT weekly.
In terms of intraday trading volume, CryptoPunks are the most traded, obeyed by Pudgy Penguins, Bored Ape Yacht Club, and Solana Monkey. Milady Maker is the most traded NFT monthly, with a volume of $9,260,027, followed by Bored Ape Yacht Club 1515 ETH and CryptoPunks 1380 ETH.
With a market capitalization of $684.3 Million, CryptoPunks outshines the list, obeyed by Bored Ape Yacht Club at $280 Million and Pudgy Penguins at $221.1 Million.
Earlier this week, a data aggregator cited in its report that Magic Eden’s trading volume in the border market is the highest recorded half-yearly. Its monthly trading volume more than doubled to reach $734.60 million in March 2024, surpassed Blur, and captured a market share of 38.5 percent for the first time.
Earlier on August 29, Todayq noted that OpenSea, one of the largest NFT marketplaces, received a Wells Notice from the U.S. Securities and Exchange Commission.
The tussle between the SEC and the Web3 community is globally famous. Allegedly, the crypto community has made massive donations during the U.S. elections to eliminate an authoritative regulator.
In CryptoSlam’s data, the entire NFT market volume fell 16.13% in the past seven days, reaching $80,214,950.
Crypto Market Price Updates
The fear and greed index powered by CoinMarketCap was at 31, determining a fear factor in the market. Also, the trading volume of the broader market has observed major bear dominance.
Until publishing, the market capitalization was at $1.97 trillion, with an intraday decline of 1.00%.
Bitcoin prices appear stuck in the region below $60k, and at press time, it was changing hands at $55,948 with a loss of 1.41% intraday. At the same time, trading below 20, 50, 100, and 200 days EMA, the closest visible supports are $51,078 and $47,646.
Ethereum’s price also seems to be struggling, probably due to bearish dominance; at press time, it was at $2,370, with a decrease of 0.84% in its prices intraday.
Dogecoin, the oldest memecoin, has lost 5.19% of its trading price, reaching $0.09633; in terms of market capitalization, DOGE holds the 8th position in the crypto market.
BONK and AAVE lost an average of 5% of their trading price intraday, outperforming the losers list, and Sui and Toncoin have surged the most in the past 24 hours. Bitcoin and DOGS are at the top of CoinMarketCap’s trending list.
