NFT Weekly Market Update (Oct 17th — Oct 23th) | CoinCodeCap’s Weekly

By akohad Oct25,2022

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Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.

Number of sales: 131,707

Sales USD: $70,848,580

Average USD (Average price of an NFT): $537.93

Active Market wallets: 59,966

Primary Sales: 39,332

Primary Sales USD: $4,205,763 Secondary Sales: 92,375 Secondary Sales USD: $66,642,817 Unique Buyers: 41,006

Unique Sellers: 32,242

Source: https://nonfungible.com/market-tracker

Total Volume and Sales:

Number of Sales showed an overall decrease throughout the week. The highest of this Metric was recorded on 17th October which was 21K. And the Lowest of this Metric was recorded on 20th October which was 13.6K.

Sales Volume also showed an overall decrease. The highest of this Metric was recorded on 21st October which was 10.7M$. And the lowest of this Metric was recorded on 20th October which was almost 8.8M$.

Active Market Wallets:

Active Market Wallets showed an overall increase. The highest of this Metric was recorded on 21st October which was almost 13.2K. And the lowest of this Metric was recorded on 20th October which was 11.5K.

Unique Buyers and Unique Sellers:

Unique Buyers showed an overall increase. The highest of this Metric was recorded on 21st October which was 8K and the lowest of this Metric was recorded on 20th October which was 7K.

Unique Sellers also showed an overall decrease. The highest of this Metric was recorded on 21st October which was 6.6K. And the Lowest of this Metric was recorded on 20th October which was almost 5.8K.

Primary Sales and Volume:

The number of Primary Sales showed an overall decrease throughout the week. The highest of this Metric was recorded on 17th October which was almost 7.4K. The Lowest of this Metric was recorded on 20th October which was 4.2K.

Primary Sales volume showed an overall increase. The lowest of this Metric was recorded on 22nd October which was 464.8K$, And the highest of this Metric was recorded on 19th October which was 886.5K$.

Secondary Sales and Volume:

The number of secondary sales showed an overall decrease throughout the week. The highest number of secondary sales was 13.6K which was recorded on October 17th. Meanwhile, the lowest number of secondary sales was 9.3K which was recorded on October 20th.

The secondary sales volume showed an overall decrease throughout the week. The highest secondary sales volume was 10.2M$ which was recorded on October 21st. Meanwhile, the lowest secondary sales volume was almost 8.3M$ which was recorded on October 20th.

Average Price of an NFT:

We saw an overall increase in this Metric throughout the week. The Highest of this Metric was recorded on 21st October which was 678$. And The Lowest of this Metric was recorded on 17th October which was 499$.

Conclusion:

The total number of sales decreased as compared to the previous week. However, the total volume of the market increased this week due to the increase in the secondary market volume.

The total number of active wallets increased this week. Moreover, the average price of an NFT also increased this week.

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.

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By akohad

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