DappRadar’s report shows NFTs had their worst year since 2020, with trading volume down 19% to $13.7 billion. All that and more in this week’s Nifty Newsletter!

Cointelegraph

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

Non-fungible tokens (NFTs) are facing their worst year since 2020, with sales dropping across the market. Despite this decline, the CryptoPunks collection managed to post a 13% increase in prices. On January 8-15, the Nifty Newsletter reported on these developments and more. According to recent data, NFT sales have been on a steady decline since last year, marking a challenging period for the digital collectible market. However, CryptoPunks buck…

Crypto Breaking News

NFTs Face Challenges in 2021, CryptoPunks Surge 13%: A Roundup from Nifty Newsletter

NFT trading volume dropped by 19% and sales decreased by 18% in 2024, compared to previous year. 2024 marked the worst-performing year for the NFT market, says DappRadar.  After 2021 remaining as the year of NFTs in the history of crypto, the NFT industry hasn’t yet reclaimed its position completely. However, NFT collections such as Pudgy Penguins made news by the end of 2024 with their increasing demand and value. At one point, the floor price …

TheNewsCrypto - Blockchain & Cryptocurreny News Media | Crypto Guide

NFT Market Hit Three-year Low in Trading and Sales, Says DappRadar

The NFT market endured a challenging 2024, with trading volumes and sales activity falling to their lowest levels in three years. A report by blockchain analytics firm DappRadar revealed a 19% decline in annual trading volumes and an 18% drop in the number of sales compared to 2023. The downturn comes despite broader growth in the cryptocurrency space, including record highs for Bitcoin and increased DeFi activity. Experts point to inflated valu…

NFT Plazas

NFT Market Records Lowest Sales and Trading Activity Since 2020

GlobalNewsIt

NFT Market Records Lowest Sales and Trading Activity Since 2020 – #CryptoUpdatesGNIT

The year 2024 will be remembered as one of the most challenging periods for the NFT market since its meteoric rise in 2020. Despite early optimism, with trading volumes reaching a promising $5.3 billion in Q1 (a 4% increase compared to the same quarter in 2023), the overall performance of NFTs fell sharply to its […] The post NFTs suffer worst performance since 2020; report appeared first on CryptoTvplus - The Leading Blockchain Media Firm.

CryptoTvplus: DeFi, NFT, Bitcoin, Ethereum Altcoin, Cryptocurrency & Blockchain News, Interviews, Re

NFTs suffer worst performance since 2020; report

11:30 am ▪ 4 minimum reading ▪ by Fenelón L. The market of NFT (non-expendable tokens) recorded in 2024 its worst performance since 2020, with a drop of almost 20% in the volumes of operations and sales, according to DappRadar’s latest report. Paradoxically, this low performance occurs in a context of [...] Entry The NFT market faces its worst collapse in four years was first published in La Cryptocurrency.

11:30 am ▪ 4 lectura mínima ▪ por Fenelón L. El mercado de NFT (tokens no fungibles) registró en 2024 su peor desempeño desde 2020, con una caída de casi el 20% en los volúmenes de operaciones y ventas, según el último informe de DappRadar. Paradójicamente, este bajo rendimiento se produce en un contexto de […] La entrada El mercado NFT se enfrenta a su peor colapso en cuatro años se publicó primero en La Criptomoneda.

El mercado NFT se enfrenta a su peor colapso en cuatro años - La Criptomoneda

La Criptomoneda

The NFT market faces its worst collapse in four years - The Cryptocurrency

Helping you make informed financial decisions with the latest news and insights from the world of investing and cryptocurrency. Unlock the power of crypto.

investincryptonews.com

NFT Market Records Lowest Sales and Trading Activity Since 2020 - Invest In Crypto News

TL;DR 
NFT market trading volumes and sales counts hit a four-year low in 2024, with annual trading volumes falling by 19% and sales counts dipping by 18% compared to 2023. Despite a surge in the broader crypto market, NFTs struggled with inflated valuations, leading to significant drops in trading volumes throughout the year. Gaming-related NFTs dominated the market, with collections like Gods Unchained leading the way, despite a 27% decrease i…

Crypto Economy

NFTs in Decline: Trading Activity Hits a Four-Year Low in 2024 - Crypto Economy

NFT Trading Volume Drops 19% in 2024 Despite Crypto Market Growth The NFT (non-fungible token) market struggled in 2024, experiencing declines in both trading volume and sales transactions, according to DappRadar’s 2024 Dapp Industry Report. Trading volume fell 19% year-over-year to $13.7 billion, while the total number of sales transactions dipped 18%, reaching just under 50 million. This downturn contrasts sharply with the broader cryptocurren…

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

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