Home / Ripple News /Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted In 2022

Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted In 2022

26 Dec 2022

Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling.

Litecoin (LTC) was one of the notable gainers on Monday, as the token raced to a ten-day high.

LTC/USD rose to a high of $70.83 to start the week, which comes less than a day after hitting a low of $65.54.

Today’s surge has taken litecoin to its highest point since December 16, and closer to a key resistance level of $72.00.

As can be seen from the chart, Monday’s move comes as the 14-day relative strength index (RSI) rose above its own ceiling at 45.00.

The index is currently tracking at 51.79, with the next visible point of support at the 54.00 level.

Should the RSI reach this point, it is highly likely that prices will also collide with a ceiling of $72.00.

XRP, formerly ripple, also moved higher to start the week, as the token collided with a key resistance point.

Following a low of $0.3447, XRP/USD hit a high of $0.356 earlier in today’s session, which is also a recent price ceiling.

Monday’s gain is the highest point that XRP has hit since December 18, and comes as traders returned from the Christmas holiday weekend.

Looking at the chart, this move accompanied a recent move beyond a ceiling on the RSI of 42.00.

As of writing, the index is now tracking at 43.45, which is its strongest point since December 15.

Ultimately, should this trend continue, XRP could continue to move towards the $0.4000 mark.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, litecoin, LTC, Ripple, XRP

Do you expect crypto markets to move higher heading into the new year? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling.

Litecoin (LTC) was one of the notable gainers on Monday, as the token raced to a ten-day high.

LTC/USD rose to a high of $70.83 to start the week, which comes less than a day after hitting a low of $65.54.

Today’s surge has taken litecoin to its highest point since December 16, and closer to a key resistance level of $72.00.

As can be seen from the chart, Monday’s move comes as the 14-day relative strength index (RSI) rose above its own ceiling at 45.00.

The index is currently tracking at 51.79, with the next visible point of support at the 54.00 level.

Should the RSI reach this point, it is highly likely that prices will also collide with a ceiling of $72.00.

XRP, formerly ripple, also moved higher to start the week, as the token collided with a key resistance point.

Following a low of $0.3447, XRP/USD hit a high of $0.356 earlier in today’s session, which is also a recent price ceiling.

Monday’s gain is the highest point that XRP has hit since December 18, and comes as traders returned from the Christmas holiday weekend.

Looking at the chart, this move accompanied a recent move beyond a ceiling on the RSI of 42.00.

As of writing, the index is now tracking at 43.45, which is its strongest point since December 15.

Ultimately, should this trend continue, XRP could continue to move towards the $0.4000 mark.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, litecoin, LTC, Ripple, XRP

Do you expect crypto markets to move higher heading into the new year? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021.

2022 hasn’t been kind to non-fungible token (NFT) holders, and statistics show that interest in the subject has dropped a great deal this year. Google Trends (GT) data shows that the search term “NFT” had a score of around 52 during the week of Dec. 26, 2021 – Jan. 1, 2022. The term also skyrocketed to the highest score of 100 on Jan. 16 – Jan. 22, 2022.

Today, however, for the week of Dec. 18 – Dec. 24, 2022, the search term “NFT” has a score of around 16. There’s been a slight rebound in interest recently in NFTs according to GT data, which started around Dec. 4, 2022. GT data shows the most interested region in NFTs today is China, followed by Hong Kong, Singapore, Nigeria, and Taiwan.

Statistics also show that NFT sales volume has dropped a great deal since last year. Cryptoslam.io data indicates that there was $2.77 billion in NFT sales sold in Dec. 2021, and last month only $534 million in NFT sales were recorded. Metrics saved to archive.org indicate that during the week of Dec. 27, 2021, $414.84 million in sales were recorded.

Sales during the week of Dec. 27, 2021 were also down 32.05% lower as the previous seven days saw $610.53 million in sales. In terms of NFT sales by blockchain at the time, Ethereum saw $334.83 million out of the $414.84 million in total sales that week. The week of Dec. 27, 2021, Ronin had roughly $45.65 million in sales and Solana had just over $16 million in sales during the seven day period.

The top five projects or collections in terms of seven day sales during the last week of Dec. 2021, included Mutant Ape Yacht Club (MAYC), Cryptopunks, Axie Infinity, Bored Ape Yacht Club, and The Sandbox. This month, roughly a year later, NFT sales pale in comparison to the purchases made last year. As of Dec. 25, 2022, NFT sales dipped by 12.22% this week as $154.02 million in sales were recorded during the past seven days.

Over the trailing seven days, there were 295,338 NFT buyers and just over one million NFT transactions. This week, the top blockchain in terms of NFT sales is still Ethereum (ETH) and over the last seven days, there’s been $129.23 million in NFT sales that derive from the ETH chain.

ETH is followed by Solana, Polygon, Immutable X, and Cardano in terms of the largest sales last week by blockchain. Last year, on Dec. 27, 2021, an NFT called “Mega” sold for 888 ether which was worth $3.6 million at the time. Furthermore, on the same day, Cryptopunk #9137 sold for 310 ether or $1.21 million at the time of sale.

Dappradar stats indicate that Cryptopunk #9137 is now worth anywhere between 63.95 ether or $77,995 (Cryptopunks’ current floor), or 377.24 ether or $460K (Dappradar estimates). Last year’s archived data from nftpricefloor.com indicates that the floor value of a Bored Ape Yacht Club (BAYC) NFT was around 87.5 ether. ETH was also trading for $4K per unit at that time, which means 87.5 ether was around $350,000 at the time.

A Cryptopunk could be purchased for 65 ether on Dec. 19, 2021, and its value at that time measured in U.S. dollars was around $260K. Sales recorded on Dec. 25, 2022 are a completely different story, as current statistics from nftpricefloor.com show a BAYC can be purchased for 69.88, which is worth roughly $85,159 using today’s ether exchange rates.

A cryptopunk NFT purchased at the current floor value on Dec. 25, 2022, will cost 63.95 ETH or around $77K in USD value. GT data also shows that interest in the term “Bored Ape Yacht Club,” has declined a great deal as well since last year. Last year, during the week of Dec. 26, 2021 – Jan. 1, 2022, the search term “Bored Ape Yacht Club,” had a score of around 50, and by the week of Jan. 16 – Jan. 22, 2022, the search term hit 100.

Today, the BAYC-related search term is down to a score of 10, which is a considerable drop in overall interest since last year. Similarly, this week China dominates in terms of BAYC interest and the country is followed by Singapore, Hong Kong, Canada, and Australia. GT data related to other blue chip NFTs like Cryptopunks, Mutant Ape Yacht Club, and others have also seen GT search interest drop a great deal.

What do you think about this year’s NFT sales and overall interest in digital collectibles sliding a lot lower than last year? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io, nftpricefloor.com, BAYC, Cryptopunks,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

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