NFT WEEKLY MARKET UPDATE (Sept 26th — Sept 2nd) | Curated CoinCodeCap #3 October 2022

By akohad Oct4,2022

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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: 238,200

Sales USD: 86,300,006.86$

Average USD (Average price of an NFT): 362.38$

Active Market wallets: 72,520

Primary Sales: 118,185

Primary Sales USD: 5,365,434.90$

Secondary Sales: 120,008

Secondary Sales USD: 80,934,572.07$

Unique Buyers: 50,067

Unique Sellers: 37,240

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

Total Volume and Sales:

We saw the lowest Number of Sales on 21st September which was 27.6K. After it, we saw a huge pump on 24th September and it is the highest of this Metric which was 45k. This Metric showed an overall increase.

We saw the Highest of Volume on 22nd September which was 14.3M$. And we saw the lowest of this metric at the end of the week which was 8M$. This Metric showed an overall decrease.

Active Market Wallets:

The number of active market wallets showed an overall decrease throughout the week. We saw a lot of Fluctuations in Active Market Wallets this week. We saw the Highest of this metric on 22nd September which was 17.9K. And the Lowest of this Metric was recorded on 24th September which was 15.7K.

Unique Buyers and Unique Sellers:

The number of unique buyers showed an overall decrease throughout the week. We saw fluctuations in Unique Buyers throughout the week. The highest of this metric was recorded on 23rd September which was 11.5K. And the Lowest of this Metric was recorded on 24th September which was 10.3K.

The number of unique sellers showed an overall decrease throughout the week. The Highest of Unique Sellers was recorded on 22nd September which was 8.9K. And the Lowest of this Metric was recorded on 24th September which was 7.8K.

Primary Sales and Volume:

The number of primary sales showed an overall decrease throughout the week. There was a major pump recording the highest data for this metric of the week. The highest number of sales was 28.8K which was recorded on Saturday.

Meanwhile, the lowest number of sales was 11.1K which was recorded on Wednesday.

The primary sales volume showed an overall decrease throughout the week. There was a major pump recording the highest data for this metric of the week. The highest primary sales volume was almost 1.2M$ which was recorded on Wednesday. Meanwhile, the lowest primary sales volume was 433K which was recorded on Tuesday.

Secondary Sales and Volume:

The number of secondary sales showed an overall decrease throughout the week. There was a pump recording the highest data for this metric of the week. The highest number of secondary sales was 18.1K which was recorded on Friday.

Meanwhile, the lowest number of secondary sales was 15.6K which was recorded on Sunday.

The secondary sales volume showed an overall decrease throughout the week. The highest secondary sales volume was almost 13.4M$ which was recorded on Friday. Meanwhile, the lowest secondary sales volume was 7.9M$ which was recorded on Sunday.

Average Price of an NFT:

The highest average price of an NFT was recorded on 22nd September which was 498$. After it we saw a major dump and the Lowest of this Metric was recorded on 24th September which was 255$. This Metric showed an overall decrease.

Conclusion:

As compared to the previous weeks, this week was better. We noticed an increase in almost all of the metrics. The only metric in which we noticed a decrease was the average price of an NFT. However, this does not mark the beginning of a new phase, we should remember that we are still in a bear market.

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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