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    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

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    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

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    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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Home Ethereum

Ethereum regains NFT sales crown as ETH eyes $2,500

February 10, 2024
in Ethereum
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Ethereum regains NFT sales crown as ETH eyes $2,500
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  • Ethereum leads in NFT sales trade volume. 
  • ETH price closes in on $2,500.

Bitcoin [BTC] made a significant entry into the NFT scene, causing a shakeup in the rankings and displacing Ethereum [ETH] as the dominant NFT network. However, new data indicates that Ethereum has reclaimed the top spot, particularly in the last 30 days.

Ethereum tops NFT sales volume ranking

Coin98 Analytics data showed that Ethereum has reasserted its dominance in the Non-Fungible Token (NFT) sales volume rankings. The analysis indicates that the sales volume on the network reached $356 million in January.

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

Bitcoin, with a sales volume of $335 million, was the only other network in the same volume bracket. This suggests an ongoing competition between the two networks, with Bitcoin recently joining the NFT sales volume race.

How Ethereum and Bitcoin sales volume have trended

An analysis of NFT sales volume on Cryptoslam showed that Ethereum has maintained higher sales volume in the last seven days, continuing its momentum from the past month.

At the time of this writing, the total seven-day volume was over $182.8 million. Further examination showed a wash trade volume of over $39.5 million, resulting in an actual volume of over $143.3 million. 

In comparison, Bitcoin recorded a total seven-day volume of over $54.7 million, with a wash trade volume of around $746,000, bringing the total volume to about $54 million.

See also  Lacoste accused of scam for closing the NFT project

Notably, Ethereum dominated the sales volume at the time of this writing, with a volume of around $25 million and a wash trade volume of about $3.5 million. Bitcoin’s volume was around $6.4 million.


 How much are 1,10,100 ETHs worth today


Ethereum moves up in price

An analysis of the Ethereum price trend on a daily timeframe showed its proximity to entering the $2,500 price range. The chart showed a consistent uptrend over the past few days, with a 2.75% increase on 9th February, reaching a trading value of $2,486.

At the time of this writing, ETH continued its uptrend, trading at about $2,491. The Relative Strength Index (RSI) has crossed the 60 threshold at the time of this writing, signifying a bull trend. If the upward momentum persists, Ethereum could enter the overbought zone.


Ethereum daily timeframe price trend

Source: Trading View

Next: Why Dogecoin needs to come out of Elon Musk’s shadows in 2024

Tags: CrownETHEthereumEyesNFTregainsSales

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