30% drop in the number of consumers in the largest NFT market in the world; Is the boom in the market for unique tokens over?



Last week, however, $ 1.3 billion in NFT tokens were traded on the OpenSea market; But data show that the number of daily active users of this platform has decreased by 30%.

According to Kevin Telegraph, although at first glance the $ 1.3 billion in sales in the Open C sales market last week are in line with the platform’s $ 5 billion in sales in January, with additional data analysis down 30% does not reveal daily active users.

The important question now is whether this reduction in the number of active consumers will be a sign of market declines and falling prices, or indicates that investors have migrated to other NFT markets.

30% drop in the number of consumers in the largest NFT market in the world;  Is the boom in the market for unique tokens over?
Number of daily active users in the Open C market at different times

LooksRare, the closest competitor to Open C, traded for $ 3.49 billion last week. But the fictitious trade debate has also reduced the number of active traders in the market by 3%.

Read also: Report: Increased use of NFT in criminal activities

Several specific factors have contributed to the reduction in trading volume and the number of active traders in the OpenC market; Because although data does not always stay constant and change, the NFT market is not very volatile!

Hip Prime in the first place

The NFT Hip Prime series, with its 8,200 3D monkeys, was a success, ranking first in total trading last week. The $ 13.6 billion project has affected investors’ transactions, no matter how good or bad its advertising.

While other popular series such as Azuki and CloneX lost half their value last week, the Hip Prime series increased its weekly sales by 80%.

On January 31, the average daily price of Hip Prime was 9.17 Atrium, which has fallen by 55% since then. This raises suspicions about the presence of traders to buy and sell members of this group. It is noteworthy that 6,000 different people own the members of this collection.

30% drop in the number of consumers in the largest NFT market in the world;  Is the boom in the market for unique tokens over?
The average market volume and 14-day price of the hip twenty

Upcoming event, Carafeuro’s growth factor

KaraFuru has kept its average price of 4 atriums since it opened on February 4. This small collection of 5,555 members has 4,000 unique owners.

The owners of this collection seem to be hoping for an event on February 10; Because recently the average daily selling price of this collection has increased slightly.

30% drop in the number of consumers in the largest NFT market in the world;  Is the boom in the market for unique tokens over?
Tweet in Carafiuro’s account for the event on February 6

With sales of $ 44.8 million, Carafiuro is one of the most promising projects in the NFT industry.

AirDrop behind AirDrop for CloneX owners

Last week, CloneX was the third best-selling project in the NFT market. Currently, each avatar in this collection is priced at 10 atriums or $ 31,000. The RTFKT‌ studio package gives new NFT to the owners of CloneX and Space Pod.

30% drop in the number of consumers in the largest NFT market in the world;  Is the boom in the market for unique tokens over?
The average price and sales volume of CloneX on the OpenC platform since its launch

In this way, RTFKT provides these people with MNTHL NFT and Loot Pod NFT as airdrops. Currently, the minimum price of MNTHL is equal to 5 Atriums, which is shaken by the news of the delay in the release of NFT with the Nike brand.

30% drop in the number of consumers in the largest NFT market in the world;  Is the boom in the market for unique tokens over?
RTFKT Studios account for MNLTH AirDrop and the conditions for its distribution

The current minimum value of MNLTH and the 6-atrium batch together is $ 18,500, but this is just the beginning and the owners of these NFTs, in addition to this amount, have a chance to enter their ecosystem.

The peak of hyperbole

The HypeBears collection went on sale on February 3. The exclusive sale of this collection, which deprived the public of the opportunity to participate publicly in the purchase process, disappointed many hopes of this hybrid. Hyperbus began selling at a not-so-cheap 0.4-atrium price of $ 1,240.

A relatively vague but convenient roadmap for the package, which gives consumers 50% royalties, future government tokens and access to other Blue Chip projects, has managed to attract retailers.

Claiming to be based on Bluechip, Hayborgs has sales of over $ 40 million since its launch on February 2. However, these high sales did not prevent us from seeing any vulnerabilities in his smart contract.

The highest average daily selling price of Hyperbus was 1.37 Atrium and despite a decline of about 49% compared to this amount, Hybrid managed to replace Azuki in the charts in a short time.

Decrease in market volume and average daily sales of Azuki

Since the launch of Azuki on January 11, the series has traded over $ 313 million on the OpenC platform. Last week alone, Azuki traded $ 33 million, although its average daily sales fell nearly 66 percent.

30% drop in the number of consumers in the largest NFT market in the world;  Is the boom in the market for unique tokens over?
Average price and weekly market volume of Azuki in Open C platform

Despite the decline in average sales and market volume of Azuki, the average selling price in the last month increased significantly, to about 40%. This shows that there are collectors who are willing to pay exorbitant sums to acquire ownership of these anime-inspired NFT.

The price charts of the OpenC platform show that the minimum price of Azuki has reached just below the desired level of 10 atriums. Meanwhile, on the luxury Rear platform, buyers are willing to pay for 11 Atriums to acquire the same NFT.

With the $ 3,000 discount that Luxury Rear users receive in their trade rewards, users in this NFT market have a strong incentive to use the platform instead of OpenC.

Evidence shows that the new NFT‌ series is also on the rise and will soon find its place in the charts, leaving the current leaders.

The Open C platform, which has maintained its upward trend in profitability in the new year, now faces the question of whether the trend of increasing the value of transactions will continue despite the sharp decline in traders present in this platform or not?

After a 30% drop in the number of consumers in the world’s largest NFT market; Is the boom in the market for unique tokens over? appeared first for currency.

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