📉NFT market sees a dip, but don't lose hope!🙌 Q2 2024 sales volumes dropped 45% from Q1, with June on track for lowest sales since Oct 2023. But remember, every market has its ups and downs.
🔹Q1 2024 saw sales volumes over $4.1B, a huge leap from $2.9B in Q1 2023. Q2 2024, however, reported around $2.28B, the lowest since Q3 2023.
🔹Average NFT sale price in June fell to $78 from $193 in March, a 60% decrease.
🔹Unique sellers and buyers also saw a slight decline in Q2.
But hey, it's not all doom and gloom!😉 NFTs hit some big milestones in 2024. Solana-based NFTs surpassed $5B in all-time sales volume in Feb, and Bitcoin-based NFTs moved into third place for all-time sales volume this month.
The dip coincides with Bitcoin's bearish trend, but experts advise cautious accumulation. So, what's your strategy in this market scenario? Share your thoughts below!👇 #NFT #Bitcoin #MarketTrends