There’s been a big drop in the buying and selling of NFTs again in June 2024. NFT sales have fallen way down, by 42.04% compared to last month.
However, Bitcoin’s (BTC) price has also been going down lately, similar to what’s happening with NFTs. Bitcoin reached its highest price ever ($73k) in March 2024, but it hasn’t been able to go back up to that price yet. Right now, Bitcoin is trading around $56.5k, according to CoinMarketCap.
This report will delve into these changes, analyze the top-selling NFT collections, highlight the leading blockchains by NFT sales volume, and provide insights into what the future may hold for the NFT market.
Key Highlights in June 2024:
- The NFT market experienced a sharp 42.04% decline in sales volume in June 2024, totaling $466 million, accompanied by decreases in buyers, sellers, and NFT transactions.
- Despite the overall market downturn, the $Pizza BRC-20 NFT collection on the Bitcoin…
