Author: NBTC
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately $376.30 million, marking a 41.36% drop compared to July. The number of NFT buyers fell by 29.04%, while sellers saw a decrease of 17.02% during the same period. August also recorded about 7.45 million NFT transactions, which is 50% fewer than the month before. Among…
Ethereum’s (ETH) price throughout August has left investors worried owing to the intense volatility. The hope of recovery from September is high, but BeInCrypto’s analysis suggests a different direction. Ethereum May Not See a Rise Above $3,000 Ethereum’s price hovering under $2,800 may continue to do so for the foreseeable future. It might even recover to $2,900, but this could be the extent of the altcoin leader’s rise in September. This is because experts are noting a relatively bearish-neutral outcome for ETH. According to Alvin Kan, the COO at Bitget Wallet, there is a chance that ETH holders could move…
A whale or institution has recently made notable moves in the Solana (SOL) market. Two days ago, this whale unstaked and withdrew 139,532 SOL tokens. The value of these tokens was approximately $19.5 million, according to data from Lookonchain. This massive withdrawal shows that the whale has a big stake in the cryptocurrency and it could manipulate the market. A whale/institution unstaked and withdrew 139,532 $SOL($19.5M) 2 days ago.Then deposited 139,447 $SOL($19.5M) to #Binance at a loss of $5.5M in the past 2 days.The whale withdrew 138,894 $SOL($25M) from #Binance on July 22, when the price was $180.https://t.co/A6AKhPZvZn pic.twitter.com/mMnrGJD3iQ —…
According to the latest information, OPENSEA received a WELLS Notice from the SEC, which means that a lawsuit may be filed. Accordingly, OpenSea, the largest NFT marketplace, received a Wells notice from the SEC threatening to sue because they believed NFTs on OpenSea were securities. OpenSea CEO said in a statement: “OpenSea received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities. We are surprised that the SEC would take such a sweeping action against creators and artists. But we are ready to stand up and fight. ….. In addition…
The notorious Mt. Gox exchange, which used to be the biggest Bitcoin exchange that shut down in 2014, is in the spotlight once again. A Mt. Gox-labeled address recently moved 33,141 Bitcoin, which is roughly equivalent to $2 billion. A total of 33,023 Bitcoin were transferred to a new address and an additional 117 Bitcoin, or roughly $7 million, was sent to cryptocurrency exchange OKX. Even though a move of this magnitude has the potential to cause market thrill, panic is not necessary. It is critical to realize that the market has already priced in this transfer, which was anticipated.…
Pudgy Penguins, the viral Ethereum Non-Fungible Token collection, has defied the gloom in the industry in August. Data by CryptoSlam and Dune Analytics shows that its key metrics performed well even as the sector came under intense pressure. Total sales jumped by 29% in August to over $8.6 million as the number of transactions jumped by 73% to 348. Additionally, the number of buyers and sellers rose by 73% and 39% to 176 and 205, respectively. The average number of days held also rose slightly by 5% to 85.5. While Pudgy Penguins sales rose in August, they remain sharply lower…
Ethereum price started another decline below the $2,550 support. ETH could dive toward the $2,250 support zone before the bulls emerge. Ethereum started a fresh decline below the $2,550 level. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,400 to start another increase in the near term. Ethereum Price Extends Losses Ethereum price failed to stay above the $2,620 support and extended losses. ETH traded below the $2,550 and…
An early Shiba Inu (SHIB) buyer who profited significantly during the Shiba Inu bull run in late 2021 has recently made an unexpected market move. According to on-chain data provider Spot On Chain, this whale swapped a significant portion of their SHIB holdings for Artificial Superintelligence Alliance (FET), which rose nearly 14% in the last 24 hours. This early $SHIB buyer is swapping its losing $SHIB position for the rising $FET!In the past 10 hours, the whale swapped 255.62B $SHIB ($3.5M) for 3.114M $FET.Notably, this whale made a $145M (x52) profit from the first trading $SHIB during Feb 2021 -…
Telegram CEO Pavel Durov is set to appear in a French court Wednesday following the head of the popular social-media and messaging platform’s arrest on Saturday at an airport near Paris. He was initially held as part of an investigation into crimes allegedly planned or broadcasted on Telegram. The crimes included money laundering, drug trafficking, child pornography and non-cooperation with law enforcement. The police said they released him from custody ahead of his court appearance, which led to some confusion – and a brief jump in the price of the TON cryptocurrency linked to Telegram – that he’d been fully…
Today the price of Bitcoin seems to want to continue the growth recorded in the last two days, with the quotation of the crypto that has surpassed the psychological level of 60,000 dollars. At the moment, the situation remains uncertain, with technical analysis suggesting a possible ranging situation in the coming days. In the meantime, on-chain data suggests that a major price rally is on the way, while physical gold is searching for new highs. What does the market have in store for us from now until the end of the year? Let’s see all the details below. Today the…