MARKET OVERVIEW: TOP 5 TRENDING NFTs BY TRADING VOLUME TODAY
Trading volumes among top NFT projects have aggressively declined during this bear market. Despite the slump, several NFT projects have continued to record high-profile sales.
This article focuses on the Top Traded NFTs in the last 24 hours.
The CryptoPunks NFT Collection has been competing with their Ape counterparts for the top spot in the NFT space for quite some time. Today, however, they didn't have to do much to stay on top for the second day in a row, as they only had 13 SALES in the last 24 hours. The Punks recorded 979.04 ETH in trading volume at the average price of 75.31 ETH, with the most expensive - CryptoPunk #7984 - selling for 80.50 ETH ($106,582).
FIFTY-FIVE Otherdeed for Otherside NFTs has been sold in the last 24 hours, making it the most popular collection on this list. Otherdeeds rose third to fifth place today, with an average price of 9.5449 ETH, and a total trading volume of 524.97 ETH.
BAYC's, arguably the world's most popular NFT collection, has continued to soar. While their top three rankings demonstrate their continued dominance, they would be disappointed with only four sales in the last 24 hours.
MAYCs have been following BAYCs everywhere this month, and they did so again today as they trailed their Ape siblings. The collection only generated 224.53 ETH in trading volume over 14 trades at an average price of 16.04 ETH in the last 24 hours, but that was enough to keep them in fourth place.
The prized clones have been on the rise for quite some time, so a drop from fourth place yesterday would not be the worst thing that could happen to them. However, their daily volume of 187.18 ETH across 23 trades significantly drops from yesterday's volume of approximately 327 ETH. They’d be desperate for this to be just a minor blip.
For the first time this week, there are no new entrants into the top 5 traded collections by daily trading volume. While this could signal that some stability could be returning to the NFT industry, there would be a few worries about the several other collections still in slumber.
