These Developments and Coins Are On The Agenda!

Despite the US Commodity Futures Trading Commission (CFTC) taking action against crypto giant Binance, Bitcoin briefly reached $29,000 on March 30, setting a new record for this year. In addition, the expected new update in the leading altcoin Ethereum will go live this month. Such an upcoming big event may also affect NFT coin projects. So, what developments have attracted attention in the field of NFT coin lately?

How has the NFT coin market cap and volume changed?

Overall, sales rose 2.86 percent from 45 thousand to 46 thousand, while sales in US dollars fell 9.55 percent from $129.8 million to $128.4 million. In addition to the 2.55 percent decrease in sales in the primary market, the US dollar decreased 29.70 percent from $5.32 million to $4.33 million. The total value of active market wallets increased slightly by 1.87 percent.

As March comes to an end, the month NFT market cap has dropped by a small 0.07 percent to reach 9.57 million ETH. This drop was the smallest compared to seven-day NFT volume, which fell by 25.59 percent to 166.41k ETH.

Cryptocurrency gains not reflected in the NFT market

The number of NFT holders rose 0.41 percent to just over 4.3 million. It seems that the gains we are witnessing in crypto have yet to reach the NFT space. Although the number of buyers decreased by 1.04 percent to 52.76 thousand, the number of sellers increased by 11.14 percent to over 65.2 thousand. The number of transactions increased by 5.88 percent to approximately 96.05 thousand. This shows that users are taking their time to trade when looking at the 7-day time frame.

NFT coin trading on OpenSea drops

With just 154.35k transactions recorded, OpenSea saw a 8.19 percent drop. Also, the marketplace’s trading volume dropped 24.22 percent to $48.84 million, indicating that users were trading much less on the platform than in the third week of March. However, the OpenSea smart contracts metric rose only 0.63 percent to 71.08k and remained relatively stable.

Blur activity also continues to decline

Blur experienced declines in several key areas in the same time frame. The market recorded 104.12 thousand transactions, down a significant 16.57 percent. Blur’s trading volume also decreased by 11.01 percent to $279.05 million. Additionally, Blur’s smart contract metric fell 4.83 percent to $126.36 million. These declines in transactions, volume and metrics provide data on investors’ attitudes towards Blur and market sentiment.

How have Solana-based NFT coin projects moved?

The current state of NFT marketplaces in Solana could be better with only a few platforms showing positive growth. The average price of NFTs on Solanart fell 19.53 percent, and the volume of these NFTs fell 4.47 percent to $35,000. However, despite this decline, the platform’s investors grew by 32.83 percent. OpenSea, on the other hand, experienced a decrease in both the trading volume and the number of traders. Trading volume decreased by 31.1 percent to $10.22K, and as a result, the number of traders decreased by 35.36 percent to 265. The average price rose 2.64 percent to $42.76.

How did Polygon-based NFT coin projects move?

In terms of Polygon-based NFTs, OpenSea recorded a significant 86.24 percent drop in average NFT prices. It also saw a 60 percent contraction in the number of traders and a 98.17 percent decline in trading volume. Despite experiencing a 20 percent and 54.56 percent drop in traders and trading volume, respectively, Jump.trade experienced a significant 3.5 percent growth in average NFT prices.

Also, Decentraland witnessed declines in all three categories. Along with the 0.85 percent decrease in the number of users, there was a significant decrease of 60.59 percent in the transaction volume and 62.91 percent in the average price. On the other hand, the average price and weekly volume on the OKX NFT Marketplace increased by 55.5 percent, while the number of traders on the platform decreased by 76.55%.

Discord servers you won’t want to miss

• MoonBase NFT: This Discord monitors the on-chain and off-chain NFT activity of major NFT aggregators entering and exiting collections. It also shows which NFTs have been minted and when whales and smart wallets have emptied their collections.
• Cribbit Gang: According to experts, this team is planning big things.

Upcoming mints that should be on your radar

• Rumble Racing Star: Delabs Games is defined as the portal to the fun side of Web3. Under the leadership of Nexon’s former CEO, he develops fun Web3 games for everyone. Their first game, Rumble Racing Star (RRS), is a casual racing game that combines PFP projects on the track. RRS will be a free game where players can compete as PFP characters and enjoy RRS original in-game Web3 elements.
• DOKA: DOKA is the premium new IP representing Studio 9 Lives’ entry into Web3. Studio 9 Lives is one of the best anime studios in the world, having worked on home IPs from Dragon Ball Z to Pokemon and even modern anime like Fire Force and Castlevania.

NFT coin news of the week

• NFTs were mistakenly sent to the burn address: A collector of NFTs for collectibles accidentally destroyed a $129,000 worth of CryptoPunk NFTs by sending them to a “burn-in” address.
• NFT collection y00ts switched from Solana to Polygon: cryptocoin.com As we reported, the well-known NFT collection Y00ts made the long-awaited transition from Solana Blockchain to Polygon, drawing attention to the problems with Solana’s high gas costs and congested network.
• Candy Digital is developing new MLB NFTs: After Fanatics bought the league’s licensing rights, Candy Digital, a joint venture between Major League Baseball (MLB) and digital collectibles platform Candy, is moving forward with plans to launch new MLB NFTs.

Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!