as the dominant NFT network. However, new data indicates that Ethereum has reclaimed the top spot, particularly in the last 30 days.has reasserted its dominance in the Non-Fungible Token sales volume rankings. The analysis indicates that the sales volume on the network reached $356 million in January., with a sales volume of $335 million, was the only other network in the same volume bracket.
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. 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.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 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.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.
Source: Digital Coin News (digitalcoinnews.net)