Number of Investors Buying NFTs Jumps 90% This Week, as Bitcoin Halving Excitement Grows

The cryptocurrency market, including the memecoin and non-fungible token market, has gained massive traction following the highly anticipated bitcoin halving event scheduled for later this weekend. The cryptocurrency market hype has pushed many individual investors, companies, and institutions to invest in digital assets that they speculate could generate significant gains after the halving.

Data collected by CryptoSlam.io, an on-chain marketplace aggregator, indicates that the number of investors buying and selling collections of non-fungible tokens has increased sharply this week. In the last seven days, more than half a million collectors have purchased nfts on the global nft marketplace, which is a 91% increase from last week.

<img decoding="async" class="alignnone wp-image-509158" alt="nft sales in the last 7 days” width=”843″ height=”222″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days-300×79.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days-1024×268.png 1024w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days-768×201.png 768w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days.png 1058w” data-lazy-sizes=”(max-width: 843px) 100vw, 843px” src=”https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days-300×79.png”/>nft-sales-in-past-7-days-300×79.png” alt=”nft sales in the last 7 days” width=”843″ height=”222″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days-300×79.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days-1024×268.png 1024w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days-768×201.png 768w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-in-past-7-days.png 1058w” sizes=”(max-width: 843px) 100vw, 843px”/>

During this period, the number of collectors selling their non-fungible token collections has exceeded 200,000, representing an increase of 88% from last week. The combination of nft sales and purchases has brought the number of nft transactions to almost 2 million, which is a 7% increase from last week.

bitcoin dominates the nft market this week

bitcoin, the same blockchain network that powers the flagship cryptocurrency bitcoin, is the most traded blockchain network in the nft ecosystem. In the last seven days, bitcoin-based nfts have accumulated a commercial sales volume of $150 million. bitcoin nft sales volume increased by 1.14% last week.

<img decoding="async" class="alignnone wp-image-509159" alt="nft sales by chains” width=”844″ height=”298″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-by-chains-300×106.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-by-chains.png 643w” data-lazy-sizes=”(max-width: 844px) 100vw, 844px” src=”https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-by-chains-300×106.png”/>nft-sales-by-chains-300×106.png” alt=”nft sales by chains” width=”844″ height=”298″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-by-chains-300×106.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nft-sales-by-chains.png 643w” sizes=”(max-width: 844px) 100vw, 844px”/>

ethereum, the recently dethroned nft blockchain network that powers the majority of top-line nfts, is the second most traded blockchain network this week in the nft ecosystem. In the last seven days, ethereum-based nfts have recorded a trading volume of $54 million.

Solana, an open source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, and Polygon, an ethereum scaling solution, are the third and fourth most traded blockchain networks in the ecosystem nfts, respectively. In the last seven days, Solana nfts have recorded a sales volume of $32 million, while Polygon-based nfts have accumulated a trade sales volume of $16 million.

The ten best-selling nft collections in the last 7 days

<img decoding="async" class="alignnone wp-image-509162" alt="best selling nfts 1″ width=”839″ height=”372″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-1-4-300×133.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-1-4.png 707w” data-lazy-sizes=”(max-width: 839px) 100vw, 839px” src=”https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-1-4-300×133.png”/>nfts-1-4-300×133.png” alt=”best selling nfts 1″ width=”839″ height=”372″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-1-4-300×133.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-1-4.png 707w” sizes=”(max-width: 839px) 100vw, 839px”/>

Source: Cryptoslam.io, the best-selling nft collection in the last seven days

1. bitcoin Ordinals nft Collections

bitcoin Ordinals, a non-fungible token collection created on the bitcoin blockchain network that uses bitcoin creator Satoshi Nakamoto's ordinal theory and comprises the most hyped nft collection as Runestones Ordinals, is this week's best-selling nft collection. Over the past seven days, the bitcoin ordinal collection has raised a trading volume of $42 million, representing a 22% drop from last week.

2. $PUP BRC-20 nft Collection

$PUP, an nft collection created on the bitcoin blockchain network using the BRC-20 protocol, is the second best-selling nft collection this week. In the last seven days, the $PUP BRC-20 nft collection has accumulated a sales volume of $34 million, which represents a 16% increase from last week.

3. $WZRD BRC-20 nft Collection

$WZRD, another non-fungible token collection created on the bitcoin blockchain network using the BRC-20 protocol, is the third best-selling nft collection this week. In the last seven days, the $WZRD BRC-20 nft collection has recorded a sales volume of $17 million. $WZRD BRC-20 nft sales volume has skyrocketed 427% compared to last week.

4. NodeMonkes nft Collection

NodeMonkes, an nft collection with a limited set of 10,000 nfts hosted on the bitcoin blockchain network, is the fourth best-selling nft collection this week. In the last seven days, NodeMonkes' nft collection has recorded a sales volume of $8.3 million. NodeMonkes nft sales volume fell 33% from the previous day.

5. The Origin Pass nft Collection

Origin Pass, a collection of non-fungible tokens hosted on the Polygon blockchain network, which allows holders to interact with works of art in various ways, from viewing in virtual reality to creating custom virtual galleries, is the fifth largest nft collection sold this week. In the last seven days, the Origin Pass nft collection has recorded a trading volume of $6.8 million.

<img decoding="async" class="alignnone wp-image-509164" alt="nfts 2 best selling” width=”842″ height=”320″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-2-4-300×114.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-2-4.png 708w” data-lazy-sizes=”(max-width: 842px) 100vw, 842px” src=”https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-2-4-300×114.png”/>nfts-2-4-300×114.png” alt=”nfts 2 best selling” width=”842″ height=”320″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-2-4-300×114.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/1713543136_839_Number-of-Investors-Buying-NFTs-Jumps-90-This-Week-as”https://technicalterrence.com/crypto/nft/”>nfts-2-4.png 708w” sizes=”(max-width: 842px) 100vw, 842px”/>

Source: Cryptoslam.io, the best-selling nft collection in the last seven days

6. DMarket nft Collection

DMarket, a collection of non-fungible tokens from virtual asset marketplace platform DMarket hosted on the Mythos Chain blockchain network, is this week's sixth best-selling nft collection. In the last seven days, the DMarket nft collection recorded a trading volume of $6 million, representing a 74% drop from last week.

7. Bored Ape Yacht Club nft Collection

Bored Ape Yacht Club, an nft collection from famous digital asset incubation studio Yuga Labs that features a fixed edition of 10,000 nfts hosted on the ethereum blockchain network, is this week's seventh best-selling nft collection. The Bored Ape Yacht Club has recorded $5 million in commercial sales volume in the last seven days. Bored Ape nft trading sales volume has plummeted 18% compared to last week.

8. Dokyo nft Collection

Dokyo, a non-fungible token collection featuring a limited edition of 5,555 nfts hosted on the Avalanche blockchain network, is the eighth best-selling nft collection this week. In the past seven days, the Dokyo nft collection has accumulated a trading sales volume of $4.8 million.

9. Mad Lads nft Collections

Mad Lads, an nft collection from digital asset company Coral featuring a limited set of 10,000 executable nfts, also known as the next generation of nfts hosted on the Solana network, is this week's ninth best-selling nft collection. In the last seven days, Mad Lads has grossed $3.8 million in commercial sales.

10. bitcoin Wizards nft Collection

bitcoin Wizard, an Ordinal nft collection enrolled directly on the bitcoin blockchain that brings together art, history, and nostalgia in one package, is this week's 10th best-selling nft collection. In the last seven days, the bitcoin Wizard nft collection recorded a trading volume of $3.8 million, closing out our top ten best-selling nft collections this week.

nft Market Prediction After bitcoin Halving

As the much-awaited bitcoin halving event approaches, non-fungible token industry experts anticipate that the crypto milestone will not only impact the crypto market but will also have a positive effect on the nft ecosystem. While expressing his vision of a past ai/news/nft-market-expected-to-boom-after-bitcoin-halving/”>interviewOscar Franklin Tan, CFO of Atlas Development and a major contributor to the nft platform Enjin, commented:

“As the price of bitcoin rises, we expect to see an increase in interest and demand for nfts, particularly those integrated into altcoin ecosystems. These nfts, unlike profile picture projects (PFPs), often receive airdrops of tokens or serve as digital collectibles within the token-controlled network.”

Statista, an on-chain analytics company, projects that nft market revenue will reach $2.3 billion in 2024. The company also expects the nft market to show an annual growth rate of 9.10% and reach $3.3 billion. dollars in 2028. The average revenue per user in the nft market is projected to reach $162.1 in 2024.

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