NFT Weekly Market Update (Jan 31st – Feb 6th) | CoinCodeCap's Weekly
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
Weekly Data recorded:
Number of sales: 74,547
Sales USD: $104,573,307.47
Average USD (Average price of an NFT): $1,402.88
Active Market wallets: 43,164
Primary Sales: 15,995
Primary Sales USD: $3,796,470.99
Secondary Sales: 58,576
Secondary Sales USD: $100,782,095.73
Unique Buyers: 27,210
Unique Sellers: 22,704
Source: https://nonfungible.com/market-tracker
Total Volume and Sales:
We saw the highest of Number of Sales on 31st January which was 13.8K and the Lowest of number of sales was recorded on 4th February which was 6.3K. This Metric showed an overall decrease.
The Highest of Sales volume was recorded on 3rd February which was 20M$. And the Lowest was recorded on 31st January which was almost 12.1M$. This Metric showed an overall increase.
Active Market Wallets:
The Highest of Active Market Wallets was recorded on 1st February which was 11K and the Lowest was recorded on 6th February which was 6K. This Metric showed an overall decrease.
Unique Buyers and Unique Sellers:
The Highest of Unique Buyers was recorded on 2nd February which was 6.4K. And the Lowest was recorded on 4th February which was 3.4K. This Metric showed an overall decrease.
The Highest of Unique Sellers was recorded on 1st February which was 5.8K. And the Lowest was recorded on 4th February which was 3.1K. This Metric also showed an overall decrease.
Primary Sales and Volume:
The Highest of Primary Sales was recorded on 2nd February which was 2.7K. And the Lowest was recorded on 4th February which was almost 1.5K. This Metric showed an overall decrease.
The Highest of Primary Sales Volume was recorded on 1st February which was 715.2K$. And the Lowest was recorded on 6th February which was 343.6K$. This Metric also showed an overall decrease.
Secondary Sales and Volume:
The Highest of Secondary Sales was recorded on 31st January which was 11.1K. And the Lowest was recorded on 6th February which was 4.5K. This Metric showed an overall decrease.
The Highest of Secondary Sales Volume was recorded on 3rd February which was almost 19.6M$. And the Lowest was recorded on 31st January which was 11.4M$. This Metric showed an overall increase.
Average Price of an NFT:
The Highest Average price of an NFT was recorded on 6th February which was 2.5K$. And the Lowest was recorded on 2nd February which was 980.17$. This Metric showed an overall increase.
Conclusion:
In the past few days, we saw a decrease in almost every metric. However, there was a major increase in the average price of an NFT.
The information above does not constitute investment advice, and the author does not ask you to either buy or sell any of the assets mentioned in the article.