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The global non-fungible token market exhibits cyclical behavior, with “seasons” characterized by periods of strong interest and activity followed by periods of cooling and reassessment. This market pattern is often influenced by various factors, including geopolitics, negative crypto market sentiment, media coverage, and the underlying value proposition of specific non-fungible token projects.
The NFT market has experienced a significant downturn in the past four months, primarily due to a combination of factors, including declining investor interest, falling cryptocurrency prices, and market saturation. Fortunately, the non-fungible token buying spell has started building up, with top NFT coins leading the recent surge. NFT coins are the native coins or tokens of a specific NFT ecosystem. Below, we have listed some of the top-selling NFT crypto coins in the NFT market.
1. FLOKI
FLOKI, a utility token that forms the backbone of the Floki Ecosystem, is this week’s top traded NFT coin in the NFT market. Members of the Shiba Inu community created this NFT coin. It powers the Valhalla NFT Metaverse and Floki Finance (FlokiFi) and is known for its utility in charity and memes. In the past 24 hours, FLOKI has raised a trading sales volume of $231 million.
2. Render Token (RNDR)
Render Token (RNDR), the native and utility non-fungible token coin of the Render Network, a decentralized platform that connects creators who need additional computational power, is this week’s most-selling NFT coin in the NFT market. In the past 24 hours, the Render NFT coin has attracted a trading sales volume of $215 million. This NFT coin has surged by +1.14% in the past seven days.
Source: forbes.com
3. Artificial Superintelligence Alliance FET
FET, an Ethereum NFT coin that powers Fetch.ai, a decentralized machine learning platform for applications such as asset trading, gig economy work, and energy grid optimization, is this week’s second most-traded NFT coin in the NFT market. In the past 24 hours, the FET NFT coin has amassed a trading sales volume of $206 million. The FET NFT coin has surged by +0.6% in the past 24 hours and by 20.37% in the past seven days.
4. The Sandbox SAND
SAND, the utility NFT crypto token used throughout The Sandbox Metaverse ecosystem as the basis for transactions and interactions, is this week’s fourth most selling in the global NFT market. In the past 24 hours, the SAND NFT coin has recorded a trading sales volume of $63 million. The SAND NFT coin has surged 11% in the past seven days.
5. Ethereum Name Service (ENS)
ENS, the NFT crypto coin for the “Ethereum Name Service ENS,” the decentralized naming protocol built on the Ethereum blockchain network, is this week’s fifth most-selling NFT crypto coin in the global NFT market. In the past 24 hours, the ENS NFT coin has raised a sales volume of $58 million, up 1% from the previous day. ENS NFT coin has surged by 23% in the past seven days.
6. ChainGPT
CGPT, a NFT-based crypto token that powers ChainGP, an AI ecosystem focused on the web3, blockchain, and crypto space, is this week’s sixth most-traded NFT coin in the NFT market. In the past 24 hours, the ChainGPT NFT coin has recorded a trading sales volume of $58 million, up 8.8% from the previous day. The ChainGPT NFT coin has surged 42% in sales in the past seven days.
Source: forbes.com
7. GALA
GALA, the native token of Ethereum-based NFT gaming ecosystem Gala Games, is this week’s seventh most-selling NFT crypto coin in the NFT market. In the past 24 hours, the GALA NFT coin has recorded a trading sales volume of $56 million, up 3.23% from the previous day. The GALA NFT coin has surged by +9.45% in the past seven days and by 0.37% in the past hour.
8. Decentraland MANA
MANA, a utility NFT coin for Decentraland, a 3D virtual world browser-based platform, is this week’s fifth most selling NFT coin in the NFT market. MANA is the native token of the system, enabling Decentraland users to buy real estate and virtual assets. In the past 24 hours, the $Mana has attracted a trading sales volume of $56.49 million. This NFT coin has surged by 7.50% in the past seven days.
9. Treasure (MAGIC)
Treasure (MAGIC), the native coin of the Treasure NFT gaming ecosystem, revolutionizing how users interact with decentralized gaming, is this week’s ninth most selling NFT crypto coin in the NFT market. Magic is a currency for the metaverse, allowing NFT players to buy, sell, and trade in-game assets across different games. In the past 24 hours, the Magic NFT coin has amassed a sales volume of $44 million.
10. GMT
GMT, the native NFT coin of the STEPN platform, a move-to-earn NFT gaming application that rewards users for physical activity like walking, jogging, or running, is this week’s tenth most-selling NFT coin in the global NFT market. In the past 24 hours, the GMT NFT coin has raised a trading sales volume of $42 million, closing our top ten selling NFT coins this week.
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