MarketsEthereum price struggles, NFT price rises

Ethereum price struggles, NFT price rises

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The price of the original token may be ETH . coin Ethereum Struggling to hold on, on the other hand, some symbols were NFTs Flying high in the market after the network is expected to move to proof of stake.

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groups I am a boy Which seems to have enjoyed a lot of popularity over the past week include Bored Monkey Yacht Club Bored Ape Yacht Club And the RENGA by DirtyRobot And the Gods Unchainedwhich recorded weekly trading volumes of 6.6 million dollars and 6.1 million dollars and 4.9 million dollars in a row, according to Dapp Radar.

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He was the biggest winner among them Gods Unchainedwhich witnessed an increase in the volume of trading by 391% compared to the previous week.

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While Bored Ape Yacht Club is relatively well known, RENGA by DirtyRobot And the Gods Unchained are groups I am a boy Less popular in the community.

Name service is rated Ethereum Domain Name Service web 3 As the sixth group I am a boy Most traded during the same time period, after classifying it as a group I am a boy Most popular earlier this month.

Although some NFT groups are seeing a rise in popularity, overall trading volume in the dominant market OpenSea has been declining over the past seven days. According to data from Dab Radar, the total volume of OpenSea has decreased by 22.4% During the past seven days compared to the previous seven days, where he reached 80.9 Million dollars.

was a market I am a boy In second place is Magic Eden Magic Eden on network Solanawhich came with a seven-day trading volume of 27.2 Million dollars.

News of the increasing popularity of some NFT groups was first reported by Bloomberg Last week, the newsletter described the price hike as:

“A bright spot amid the decline in total sales NFTS.

She added that NFT sales were hit hard by the crypto winter, and said that NFT sales fell by 675% in August compared to the same month last year.

Moreover, she indicated Bloomberg Also to merging and its effects on NFTSclaiming that improvements in terms of transaction speed and cost over Ethereum It can be a boon to collectors I am a boy.

However, it should be noted that the integration process is not expected to provide any improvements in terms of transaction speed or cost. Foundation also confirmed Ethereumit is simply a change in the network aggregation mechanism, not an upgrade for expansion.

Source: Crypto Arabia

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William
William
I am a news writer at 24Happenings, where I help promote and write about events that matter to young professionals. I have worked in media for over a decade, most recently as an anchor in a small town in upstate New York. In my spare time, I like to read, cook simple meals, and watch DirecTV originals.

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