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Cup & Handle Pattern Hints At Short-Term 208% Surge
Quick Take
Bitcoin fees recently began outpacing Ethereum fees for the first time in three years. This development appears to be driven by an increase in BRC-20 token inscriptions, which have led to a surge in transaction fees, creating a net positive outcome for miners.
Further, Bitcoin blockchain NFT sales have exceeded those on Ethereum over the past 30 days, with recorded sales of over $312 million compared to Ethereum’s $304 million, according to Cryptoslam.
A deeper delve into the NFT sphere reveals that BRC-20 NFTs are leading the sales volume ranking, with a substantial $83 million in sales in the past 30 days. This significantly trumps the sales value of the Bored Ape Yacht Club, which stands at $42 million. Further, there has been a remarkable 398% increase in buyers for BRC-20 NFTs within the past month, according to Cryptoslam.
| Rank | Blockchain | Sales (USD) | Change | Wash (USD) | Change | Total (USD) | Change | Buyers | Change |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin | $311,634,586 | 2395.70% | $7,603,003 | 108781.40% | $319,237,589 | 2455.16% | 2,854 | 73.81% |
| 2 | Ethereum | $304,292,807 | 52.88% | $285,866,535 | 145.13% | $590,159,342 | 86.96% | 70,423 | 0.54% |
Source: cryptoslam
The post Bitcoin NFT market thriving as it exceeds Ethereum sales by millions appeared first on CryptoSlate.
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