NFTs are down, but the bull run is still imminent: Bitcoin and Solana NFTs are leading the resurgence

The non-fungible token market led by the ethereum nft market has suffered a brutal decline in recent weeks, and rumors are spreading that the nft market is dying this time. But interestingly, bitcoin and Solana-based nft collections have emerged to dampen these rumors and are now leading the resurgence of the nft market.

nft market jumps 5% today

Data collected by Cryptoslam.io, an on-chain crypto market aggregator, indicates that the global non-fungible token market has recorded some positive gains today. In the last 24 hours, the nft market recorded a commercial sales volume of $29 million, which represents 4.82% compared to the previous day.

These positive gains come amid the short bear market, which had left massive losses on many non-fungible token collections, primarily nft collections hosted on the ethereum blockchain network. Bored Ape Yacht Club and Mutant Ape Yacht Club are perfect examples of nfts affected by the recent nft short bear market.

Over the past three months, Bored Ape Yacht Club's nft collection has seen its minimum nft price drop over 30% to below 12 eth. On the other hand, the Mutant Ape Yacht Club has seen its floor price drop below 2 eth for the first time in nft history.

nft bull market remains imminent

Fortunately, the non-fungible token market appears to be taking an upward trajectory after nearly three months of a downward spiral, with bitcoin-based nft collection and Solana leading the nft resurgence. The resurgence shows that the long-awaited nft Bull Run is still imminent.

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Non-fungible token collections hosted on the bitcoin and Solana blockchain networks are bullish today and showing promising signs of nft market recovery in the coming weeks. In the last 24 hours, bitcoin nft collections have raised $9 million in sales volume, representing a 17% increase from the previous day.

During this time, the Solana nft collection has raised a commercial sales volume of $7.6 million, which is 9.98% from the previous day. bitcoin Ordinals are the best-selling nft collections on the bitcoin network today. In the last 24 hours, the bitcoin Ordinals nft collection has accumulated a trading volume of $3.6 million, representing a 92% increase from the previous day.

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Tensorians, an nft collection featuring a limited edition of 10,000 pixelated nfts hosted on the Solana blockchain network, is the second best-selling nft collection today. In the last 24 hours, the Tensorians nft collection has recorded a trading volume of $1.7 million. Tensorians' nft sales increased by 369% from the previous day.

Mad Lads, a non-fungible token collection from the Solana Coral Development Project with a limited supply of 10,000 nft collections hosted on the Solana blockchain network, is the third best-selling nft collection today. In the last 24 hours, the Mad Lads nft collection has recorded a trading volume of $1.4 million. Mad Lads nft sales are up 73% from the previous day.

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