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Blockchain, BNB Chain, Bored Ape Yacht Membership, cryptopunks, Digital Artwork, Ethereum, Immutable X, Mutant Ape Yacht Membership, NFTs, Non-fungible tokens, Polygon, Solana
Gross sales of non-fungible tokens (NFTs) have declined by 5.76% over the previous 30 days, in accordance with the most recent NFT gross sales statistics. The info reveals that the gross sales determine stood at $732.13 million in April, which is $44.75 million decrease than the $776.88 million recorded in March.
NFT gross sales surpassed $1 billion in each January and February 2023; nonetheless, gross sales figures declined in March and April. Based on cryptoslam.io’s newest NFT gross sales knowledge for April, the gross sales stood at $732.13 million, which is 5.76% decrease than the earlier month.
Out of this quantity, Ethereum-based NFT gross sales dominated the market, accounting for $485 million in trades. Nevertheless, Ethereum NFT gross sales declined by 19% in April in comparison with March figures.
In the meantime, Solana-based NFT gross sales recorded $88.16 million, down 6.78% from final month. The highest 5 blockchains with probably the most NFT gross sales in April, following Ethereum and Solana, had been Polygon, Immutable X, and BNB Chain, as per the most recent knowledge.
In the course of the month of April, Polygon witnessed a surge in gross sales by 22.75%. In the meantime, Arbitrum, the sixth-largest blockchain when it comes to NFT gross sales, noticed gross sales spike by 78.35%, amounting to $10.29 million. When it comes to NFT collections, Bored Ape Yacht Membership (BAYC) emerged because the chief with $45.10 million in gross sales.
Azuki NFTs secured the second spot with $21.91 million in gross sales over the previous month. Nakamigos, Mutant Ape Yacht Membership, and Mad Lads adopted BAYC and Azuki when it comes to NFT gross sales. Sandbox’s Land #21,221 emerged because the top-selling NFT prior to now month, with a sale value of $1.256 million, roughly 20 days in the past.
The second most costly NFT sale in April was Maverick Place #386, which fetched $1.05 million, 16 days in the past. Azuki #3,628 secured the third spot on the checklist, promoting for $626K, 18 days in the past, adopted by Azuki #5172, which was acquired for $458K. The fifth most costly NFT sale in April was CryptoPunk #3,990, which offered for $444K, 24 days in the past.
As of Sunday, April 30, 2023, nftpricefloor.com studies that the gathering with the very best flooring worth is Cryptopunks, presently standing at round 49.99 ether. Just under Cryptopunks is Bored Ape Yacht Membership (BAYC), with a flooring of round 48.69 ether. The ground values of the highest collections following Cryptopunks and BAYC embody Mutant Ape Yacht Membership, Azuki, and Otherdeed.
What do you suppose the long run holds for the NFT market, and the way do you suppose the decline in gross sales figures in March and April will impression the business going ahead? Share your ideas about this topic within the feedback part beneath.
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Coingape’s “Voice of Web3” is an inaugural event that is set to attract over 1000 crypto leaders and enthusiasts in late June. The conference intends to have conversations with participants so that they understand how blockchain and cryptocurrency can democratize India’s policy, financial services, and business sectors. It further seeks to encourage mass adoption by bringing together the tech, startup, and developer communities. The event has multiple tracks for everyone, such as a session on future innovations, the evolution of money, business transformation, or even “Crypto 101.”.
Mark your calendar for the last week of June as Coingape brings to you Voice of Web3. This will be a one-stop stage for all things cryptoeconomic, and by this, it means that there is no going back. With the rapid expansion in the realm of cryptocurrencies in the dynamic landscape of digital finance, this event stands out as an icon for enlightenment and inventive ideas.
With Crypto leading the pack at the beginning of the ‘financial internet’, Voice of Web3 plans to bring together more than 1,000 crypto leaders, thinkers, and investors under one virtual podium. This gathering will give room for discussing India’s crypto economy, from first principles to difficult policy conversations.
Whoever you are and whatever your work entails, Voice of Web3 summons you towards a better understanding and design of future finance trends. The tailor-made event suits experienced professional traders, regulators swimming amid policy frameworks, venture capitalists looking for breakthroughs, and corporate leaders looking forward to growth opportunities elsewhere.
The Voice of Web3 event is designed to be an immersive experience with four distinct tracks that are built for various interests and expertise levels found within the crypto and blockchain industry. Here’s a look at each of the tracks that await attendees.
Coingape’s Voice of Web3 is expected to become a significant turning point that will close the gap between the theory and practice of the cryptocurrency economy. This is an opportunity you can’t afford to miss out on; be part of the conversation that shapes the future of finance in India and beyond. Ensure your place at the forefront of the crypto revolution by registering today.
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Bitcoin prices have maintained their strength over the last 24 hours, retaining the vast majority of the gains that materialized during the cryptocurrency’s latest rally.
The world’s largest digital currency by total market capitalization was trading above $65,000 at the time of this writing, according to CoinMarketCap data.
The digital asset held that value after rallying more than 8% in under 24 hours, reaching its highest since approximately April 24 and then extending those gains, additional CoinMarketCap figures show.
Focusing in on bitcoin’s short-term outlook, several market observers highlighted key fundamental developments that could impact the digital asset’s price, in addition to singling out price levels that could provide key support or resistance.
Brett Sifling, an investment advisor for Gerber Kawasaki Wealth & Investment Management, offered some input on this situation.
“Bitcoin remains range bound since the end of February, as the halving event wasn’t enough to push it to new highs,” he stated via emailed comments.
“I don’t see any other major catalysts on the horizon, other than increased institutional adoption. There is also the potential for the Fed to lower rates later this year, which could bring increased optimism for risk-on assets like Bitcoin,” said Sifling, referring to the federal funds rate, which is controlled by Federal Reserve policymakers.
The decisions of the Federal Open Market Committee have generated quite a bit of visibility over the last few years, as these government officials pushed the fed funds rate, which has an impact on broader borrowing costs, to its highest level since 2008.
This, in turn, has provided a significant headwind for economic activity, but inflation data has remained stubbornly high at many points in spite of high borrowing costs.
Yesterday, headline inflation figures that fell short of economist estimates were cited as a catalyst that helped bitcoin prices rally. This development was credited with helping provide investors with greater hopes that the Fed will cut rates soon.
As for the key price levels that technical traders should monitor going forward, Sifling offered some guidance.
“The recent all-time highs in March of around ~$74,000 is a key level to watch, as well as the lows of this recent range at ~$56,500,” he stated.
Grant Tungate, head of business development for Blockforce Capital, also shed some light on this matter.
“I don’t want to make any predictions but I’ll provide some commentary on levels I believe are important,” he said via email.
“Key levels are the new 30d high ~$67.3k, then the all time high ~$74k. On the downside the 30d low ~$57k is an important zone,” Tungate added, pinpointing figures similar to those identified by Sifling.
Armando Aguilar, an independent cryptocurrency analyst, also offered some input on this subject.
“The next critical support level for BTC holds in the high $62k range, if BTC struggles to maintain these levels it could retest low $61k range,” he stated.
“The resistance levels for BTC are in the mid $66k which if breached, we could see the blue chip cryptocurrency cruise to mid/high $68k,” Aguilar added.
“The ATH does provide a key resistance level which would require BTC inflows to pick up as it was the case for the first 2 months since launch. Don’t immediately see levels passing ATH as most custodians have reached maximum distribution capacity thus seeing low inflows into BTC,” he concluded.
Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether, EOS and sol.
PORTLAND — The Portland Police Department is warning residents about a scam where callers, posing as officials from the Cumberland County Sheriff’s Office, claim that the victims are in contempt of court for failing to appear as witnesses in a trial.
The scammers then demand payment of a substantial fine to avoid further charges, including arrest.
Victims are being instructed to make payments through Coinstar machines using Dogecoin or other cryptocurrencies.
The phone number used for the scam calls, when searched on Google, appears to be associated with the Cumberland County Courthouse.
Authorities urge anyone who receives such calls not to engage with the scammer.
Instead, they should contact the courthouse directly at 207-822-4200 to verify the legitimacy of the call.
Officials have clarified that the courthouse will never request payments over the phone.
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