NFT Sales Rise 122% In November – Here’s The NFT Market Prediction For December

On Nov 30, 2023

Join Our Telegram channel to stay up to date on breaking news coverage

The non-fungible token market has experienced explosive growth in recent weeks, marked by increased prices and trading sales volumes. In this article, we shall explore the state of NFTs in the past 30 days as well as what traders and collectors should expect this coming festive season.

NFT Sales Spike +120% In November

Data compiled by CryptoSlam.io, an on-chain data aggregator, shows that the global NFT market has seen a significant increase in sales over the past weeks, driven by the performance of Ethereum and Bitcoin. In the past 30 days, the global NFT market has amassed a trading sales volume of $899 million, representing a 122% spike from the previous month of October.

Bitcoin Ordinals, the non-fungible tokens inscribed on the Bitcoin blockchain network using Satoshi Ordinal theory, have been the most traded NFT collections in November. In the past 30 days, Bitcoin-based NFT collections have attracted a trading sales volume of $370 million. Bitcoin NFTs have surged 2163% in sales during this period.

Non-fungible tokens hosted on Ethereum, the largest blockchain network for NFTs, have been the second most-traded NFT collection in November. In the past 30 days, Ethereum-based NFT collections have recorded a trading sales volume of $344 million. The Ethereum NFT collections have surged 51.70% in their trading sales volume during this period.

Source: CryptoSlam.io, NFT sales volume by blockchains

Digital collectibles hosted on Solana, a decentralized blockchain network that uses a proof-of-stake consensus mechanism to provide smart contract functionality, has been the third most traded NFT collection in November. In the past 30 days, the Solana-based NFT collection has raised a trading sales volume of $74 million, representing a 162% spike from October.

Non-fungible tokens hosted on Mythos Chain and Polygon have been the fourth and fifth most traded NFT collection in November. In the past 30 days, Mythos Chain-based NFTs have raised a trading sales volume of $26 million, while Polygon-based NFTs have recorded a sales volume of $25 million. During this time, Mythos Chain and Polygon have flipped 29% and 34% in sales, respectively.

Ten Top Selling NFTs In November

Source: CryptoSlam.io, top selling NFTs by sales volume

1. $SAT BRC-20 NFTs

SAT, a crypto token created on the Bitcoin blockchain network using the BRC-20 protocol, has been the top-selling NFT collection this November. In the past 30 days, $SAT BRC-20 NFT series has recorded a trading sales volume of $91 million. During this period, $SAT BRC-20 NFTs have surged 1,068% in trading sales volume.

2. $RAT BRC-20 NFTs

$RAT, an animal crypto token created on the Bitcoin blockchain network using the BRC-20 protocol, has been the second-selling NFT collection in November. In the past 30 days, the $RAT BRC-20 NFT collection has recorded a trading sales volume of $44 million. The NFT collection has seen more than 8,000 buyers and sellers in November.

3. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling NFT collection from the digital asset firm Yuga Labs featuring a limited edition of 10,000 NFTs hosted on the Ethereum network, has been the third most-selling NFT collection in November. In the past 30 days, Bored Ape Yacht Club has raised a trading sales volume of $42 million. During this period, the NFT collection has surged 93% in sales volume.

4. CryptoPunks NFT Collection

CryptoPunks, another all-time top-selling NFT collection previously from the digital asset firm Larva Labs but now owned by Yuga Labs, has been the fourth most-selling NFT collection in November. In the past 30 days, CryptoPunks, an NFT collection that features a limited set of 10,000 Ethereum-based NFTs, has amassed a trading sales volume of $28 million. CryptoPunks has surged 157% in sales volume.

5. DMarket NFT collection

DMarket, an NFT collection hosted on the Mythos Chain blockchain network, has been the fifth most-traded NFT collection in November. In the past 30 days, the DMarket NFT collection has attracted a trading sales volume of $25 million. DMarket NFT collection has declined 30% in sales from October to November.

Source: CryptoSlam.io, top selling NFTs by sales volume

6. Gods Unchained NFT Collection

Gods Unchained, an NFT collection hosted on Ethereum scaling blockchain network Immutable X, has been the sixth most-selling NFT collection in November. In the past 30 days, Gods Unchained NFT collection has recorded a trading sales volume of $22 million. Gods Unchained has pumped 54% in its trading sales volume during this period.

7. Bitcoin Ordinals ‘Uncategorized NFTs’

Bitcoin Ordinals, the non-fungible tokens on the Bitcoin blockchain using satoshis, the smallest denomination on the chain, have been the seventh most-selling NFT collection in November. In the past 30 days, Bitcoin Ordinals has recorded a trading sales volume of $20 million. Bitcoin ordinal NFTs have surged 1598% in sales volume during this period.

8. The Captainz NFT Collection

The Captainz, an NFT collection from the web3-focused studio Memeland featuring a limited supply of 10,000 Ethereum-based NFT, has been the eighth most-selling NFT collection in November. In the past 30 days, The Captainz NFT collection has attracted a trading sales volume of $18 million. The Captainz NFT collection surged 154% in sales volume in November.

9. $BTCs BRC-20 NFTs

$BTCs, another crypto token created on the Bitcoin blockchain network using the BRC-20 protocol, has been the ninth most traded NFT collection in November. In the past 30 days, the $BTCs BRC-20 NFT collection has garnered a trading sales volume of $17.6 million. $BTCs BRC-20 has surged 3377% in sales volume this month.

10. Mad Lads NFT Collection

Mad Lads, an NFT collection from the Solana framework development company Coral, has been the tenth most-selling NFT collection in November. In the past 30 days, the Mad Lads NFT collection has recorded a trading sales volume of $17.3 million, closing out the selling NFT list this month. Mad Lads NFTs sales volume surged 773% in November.

Top Most Expensive NFTs In November

Uniswap V3 Position, an NFT collection from Uniswap, a protocol for trading and automated liquidity provision on Ethereum, has been the top most expensive NFT collection in November, selling for over $1.6 million 12 days ago. $BTCs BRC-20 has been the second most expensive NFT collection, selling for $376,307 fourteen days ago.

Source: CryptoSlam.io, most expensive NFTs sold in November

The NFT Market Prediction For Dec 2023

In September, Statista, a renowned crypto research firm, projected the global non-fungible token market to reach $1.6 billion, and the average revenue per user in the NFT market will reach US$114.8 in 2023. Considering the remarkable NFT performance in November, Statista’s NFT market predictions are achievable.

In that context, December may turn out more bullish than November regarding NFT adoption. It is worth noting that more crypto users and NFT traders will likely use non-fungible tokens to gift their loved ones in the coming Christmas festivity and Happy New Year 2024 celebrations.