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Cryptocurrency News Articles

Bitcoin's BRC-20 NFTs Dominate NFT Market, Hit $1.64M in Sales

Mar 30, 2024 at 02:40 am

Bitcoin's JIGO BRC-20 NFTs reigned supreme in the NFT market, leading the charts with sales exceeding $1.64 million despite a slight decline. Bitcoin is poised to join the elite group of blockchains with over $3 billion in sales, while Ethereum's BAYC showed resilience with a sales surge of 13%.

Bitcoin's BRC-20 NFTs Dominate NFT Market, Hit $1.64M in Sales

Bitcoin's BRC-20 NFTs Dominate Non-Fungible Token Market

Amidst a volatile market, Bitcoin's JIGO BRC-20 NFTs have emerged as the undisputed leader in the non-fungible token (NFT) space, amassing over US$1.64 million in sales within the past 24 hours. Despite a significant drop of 21.76%, JIGO has maintained its dominance, marking the second consecutive day of market leadership.

The JIGO NFT collection has experienced a slight increase in transaction volume, rising by 2.89% to 178 transactions. This surge in activity underscores the continued demand for JIGO NFTs, which are rapidly approaching the milestone of US$3 billion in total sales.

Ethereum's BAYC and Solana's Mad Lads See Divergent Market Performance

Ethereum's Bored Ape Yacht Club (BAYC) has also witnessed a positive trend, with its sales climbing by 13% to a total of US$1.11 million over the past day. The BAYC NFT collection remains a popular choice among collectors, as evidenced by its strong performance in the face of market fluctuations.

In contrast, Solana's Mad Lads NFT sales have taken a steep dive, plummeting by 43.41% to US$1.06 million. This significant decrease has been accompanied by a near-50% drop in transaction volume, highlighting the volatility of the NFT market.

Notable Market Movements: Mythos, NodeMonkes, and MERM

Among other notable movements, Mythos' DMarket has defied the downward trend, with its sales increasing by 9.88% to surpass US$1.03 million. This increase was also accompanied by a modest rise in transaction volume of 1.02%.

Bitcoin's NodeMonkes NFT collection has seen mixed results, with its sales declining by 9.65%. However, MERM BRC-20 NFTs have experienced a remarkable surge in both sales (76.10%) and transactions (34.89%), demonstrating the diverse market dynamics within the NFT ecosystem.

Mocaverse and Mutant Ape Yacht Club Join the Top 10

Mocaverse NFTs have received a significant boost, with sales skyrocketing by over 185% to nearly US$700,000. This surge in demand is attributed to the project's announcement of its community token sale for $MOCA.

Additionally, Ethereum's Mutant Ape Yacht Club (MAYC) has joined the top 10 NFT collections, with its sales soaring by 117.94% to US$698,336.64. This impressive growth has been accompanied by a 137.84% increase in transaction volume, solidifying MAYC's position as a highly sought-after NFT collection.

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Other articles published on Nov 06, 2024