He wider Ethereum NFT market hasn’t seen any tingly milestones lately, despite the altcoin hitting $2,000. Actually, trading volume across ETH NFTs has fallen by 3.38% over the past 24 hours, as reported by CryptoSlam.
Nevertheless, there was some outstanding activity in the same ETH NFT market. No, it wasn’t about crypto-punks or Yoga Labs-sponsored Bored Ape Yacht Club (BAYC).
Aliens over Apes?
As reported by CryptoSlam’s data, “genderless” NFT series 8liens was the best- performing NFT in the last 24 hours. The NFT series has sold more than 3 million dollars during the mentioned period. These 3374 transactions which were collected included 1,672 purchasers.
The figures were much higher than the activities recorded in the ecosystem of BAYC and CryptoPunks. Currently, though both of them recorded an increase, less than 8liens was recorded. In deed, CryptoPunks’ 24-hour trading volume increased by 79.62% to $2.83 million, while BAYC just increased by 4.58% to $1.38 million.
At press time, 8liens traders’ profits averaged 32.90% and active wallets increased by 122.70% to 2,886.
Apart from the mentioned increase, 8liens was still down from its August 11 floor price of 0.62 ETH. At the time of writing, the 8liens asset was valued at a low of 0.298 ETH. Nevertheless, it is worth saying that its position has improved since the last market review.
As the crypto market improves, NFT traders may expect the market to follow. Anyway, it may not be time for a full profit season yet. This is due to the whole NFT ecosystem has shown no signs of a full recovery, with a 1.80% drop in the last 24 hours.
Other blue-chip series’, such as Sorare and Otherdeed, noted a decrease in their 24-hour sales volume as well. Sorare was down 51.88% as Otherdeed fell by 20.02%. Besides, Moonbirds was not overlooked as they fell by 42.07%.
As 8liens rallied, the NFT market’s chances of claiming a bullish move remain low. In deed, NFTGo announced that the global market cap was down by 11.33% over the past three months. In addition, the market was far from reaching the number of traders in the same period. Actually, purchasers fell by 29.32% to 440,644 while the total number of traders fell to 658,092 as well.
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