Tag: NFT

NFT market slumps over 7%: Ethereum leads despite declinee

The non-fungible token (NFT) market experienced another sluggish week, with overall sales dipping by 7.5% over seven days, reaching $121.4 million on June 1.  Top blockchains by sales volume Over the last seven days, Ethereum (ETH) has stayed in first place as the leading blockchain for NFT transactions after overtaking Bitcoin (BTC) last week. According to data from CryptoSlam, the blockchain maintained its dominance with total sales of $37.43 million, despite an 11.24% decrease from the previous week.  Bitcoin, the second most active blockchain for non-fungible token sales, raked in…

Penguiana Doubles Market Cap to Over $2.5 Million Ahead of GUIANA NFT Mint

Penguiana, the distinctive penguin-themed meme coin on the Solana blockchain, continues to captivate the crypto community, achieving a new milestone by doubling its market cap to over $2.5 million according to Dexscreener. This surge in valuation underscores the strong investor confidence and community enthusiasm surrounding the project, especially with the impending launch of the GUIANA […] Source CryptoX Portal

Built On An $6 Million NFT Scam? AI Company Accused Of Fraud

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Youtuber and Internet investigator Coffeezilla has called out Artificial Intelligence (AI) company Rabbit for allegedly being built on a $6 million non-fungible token (NFT) scam. The company is accused of being responsible for the GAMA NFT Project “fraud” as part of a history of lies. Related Reading Down The NFT Fraud Rabbit Hole Stephen Findeisen, better known as Coffeezilla, published a YouTube video calling out Rabbit Inc. for being built on the remains of an alleged NFT fraud from 2021. The internet investigator revealed that the company is seemingly trying…

NFT weekly sales drop to $145m, Bitcoin leads in downturn

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Over the last seven days, the non-fungible token (NFT) market saw sales reach $145 million, reflecting a decline of over 9% from the previous week.  This downturn continues a trend of falling sales over recent weeks, with four out of the top five blockchains by sales volume seeing decreases during this period. Last week, as reported by crypto.news, sales of digital collectibles dropped by more than 11%, and this week, they fell by another 9.68%, totaling $145.01 million, per data from CryptoSlam. Bitcoin leading the pack As seen in previous…

Mid-May NFT Sales Drop by 8.97%, Top 4 Chains See Reductions

Between May 10 and May 17, non-fungible token (NFT) sales totaled $150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In February, from […] Source CryptoX Portal

NFT sales dip, Bitcoin takes hit but dominates market share

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Sales of non-fungible tokens (NFTs) took a hit this past week, dropping by 11.16% compared to the previous week. Data from cryptoslam.io shows that this week’s total sales reached $144.33 million, with Bitcoin-based NFTs contributing more than $49 million to this total. However, despite the impressive figures, the sales of digital collectibles on Bitcoin (BTC) fell by 14.65%. NFTs on Ethereum (ETH) generated $41.55 million in sales, also down by 11.7% from the prior week. Solana (SOL) NFTs, ranking third in sales, earned nearly $26 million, experiencing a modest increase…

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […] Source CryptoX Portal