Lưu trữ cho từ khóa: Non Fungible Tokens

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NFT sales drop 12% as Ethereum dominates, Polygon surges

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The NFT market continues to experience a decline, with sales dropping 12% last week.

Recall sales plunged 16% during the previous week. 

According to CryptoSlam, total sales for the last seven days stood at just below 0 million and involved over 5,000 buyers and sellers in 1.4 million transactions. 

Ethereum leads the pack

Blockchains by NFT sales volume | Source: CryptoSlam

Ethereum (ETH) was once again the most active blockchain for NFT sales, leading the pack with .4 million worth of transactions. 

Notably, Ethereum experienced a surge in wash trading last week, with money earned from the activity going up nearly 9.5% to .69 million.

Polygon (MATIC) was one of the biggest winners last week. Sales jumped 11.2% to push it past the Bitcoin (BTC) network and into second place. 

Interestingly, wash trading on the platform has kept on rising. During the prior week, Polygon registered a 37.58% increase in wash trading. This past week, it went up 46% to .9 million, almost double the amount recorded previously.

Dropping to third place in terms of sales volume, Bitcoin was one of the biggest losers of the week. Its 40% drop in sales was only better than Fantom (FTM) and Blast (BLAST), which registered dips of 87% and 74%, respectively. 

Wash trading on the platform also went up nearly 200%, although the ,072 that resulted from the activity is almost negligible compared to Ethereum and Polygon.

Solana (SOL) maintained its position with the fourth-highest sales volume of the week; however, last week’s fifth-placed network, Immutable (IMX), had to drop to #6 after Mythos Chain (MYTH) overtook it with nearly .5 million in sales.

Notable performances came from the likes of Zora, BNB Chain, and Panini. Sales volume on Zora went up more than 50%, while Panini, which is home to NFT sports trading cards, recorded a 22% jump to earn 5,000. 

Leading NFT collection

NFT collection rankings by sales volume | Source: CryptoSlam

Among NFT collections, except for Mythos’ DMarket, all NFT collections that topped the sales chart in the previous week were nowhere to be seen. Instead, CryptoPunks made a comeback, registering a massive 155% jump in sales volume to make .26 million and become the top-selling NFT collection of the week.

Next was the aforementioned DMarket, which, despite a 9.21% dip in sales, still managed to earn north of million. 

Bored Ape Yacht Club (BAYC), another popular NFT collection built on Ethereum, managed to take the #3 spot after concluding 113 transactions that yielded nearly .5 million. The amount was impressive since it represented a 73.66% growth over the previous week’s sales.

Other collections that did well over the last week were Ethereum’s Pudgy Penguins and Solana’s DogeZuki Collection, which raked in .69 million and .43 million, respectively.

Top-selling NFTs of the week

In terms of individual pieces, the most expensive NFT of the week came from Ethereum. However, its 4,066 price tag pales in comparison to the previous week’s winner, which changed hands for 7,194. 

In second place was a Bitcoin Ordinal that sold for 3,465, only ,548 more than Mad Lads #4575 from Solana, which came in third.

With two major international soccer tournaments taking place in Europe and the Americas, fan token sales surged greatly last week.

Top fan tokens by sales volume | Source: CryptoSlam

As can be seen in the table above, the Galatasaray (GAL) fan token recorded the highest sales volume, jumping an incredible 70,149% to 0.5 million as Turkey overcame Georgia in their first match of Euro 2024. 

The token price is also up 2,542% and is currently priced at .87 per unit. Sales of FC Barcelona, PSG, and Juventus fan tokens also went up between 22,903% and 8,670% as Spain, France, and Italy started their Euro 2024 campaigns successfully.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Công nghệ

Pendle soars over 17% despite market-wide bloodbath; Arweave and Toncoin also in the green 

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Despite the broader cryptocurrency market experiencing a significant downturn, Pendle (PENDLE) has managed to buck the trend, soaring over 17% this week, with its market cap inching closer to the -billion mark. 

At the time of writing, Pendle is trading at .23, up from .90 just a day ago.

This increase has pushed Pendle’s market capitalization to over 8 million, positioning it as one of the top-performing cryptocurrencies in the current market environment. Pendle currently holds the 84th position on CoinGecko’s rankings.

According to technical analysis, the token may reach a price range of between 5.37 to 3.05, with an average expected price of 9.21. Looking further ahead, its value is forecasted to continue rising, potentially reaching up to ,862 by 2040.

Pendle’s price surge has coincided with a significant rise in trading volume, which has climbed to 5 million. This influx of trading activity has likely contributed to the token’s price appreciation, as increased liquidity and demand have driven the price higher.

The Pendle community shows optimism regarding the project’s long-term prospects. The Fear & Greed Index for Pendle is 63, indicating “Greed” among investors. Additionally, the token’s 14-day Relative Strength Index (RSI) stands at 54.21, suggesting that the asset is neither overbought nor oversold.

Since its inception on Nov. 14, 2022, the Pendle token has surged by 18,320%, starting from an all-time low of .33.

Pendle has been steadily developing its protocol and expanding its ecosystem. The project recently announced several key partnerships and integrations, likely increasing investor confidence and contributing to the token’s price surge.

Pendle has expanded its presence across multiple blockchain networks, including Ethereum, Arbitrum, Optimism, and BNB Chain.

This cross-chain expansion aims to facilitate seamless access to Pendle’s services and trading functionalities across different blockchain platforms, thereby increasing its utility and accessibility for users.

Moreover, Pendle has implemented a point distribution system designed to incentivize user engagement through various campaigns, fostering more active community participation. 

Additionally, Pendle has enhanced its yield tokenization and trading capabilities by integrating with various DeFi protocols. This enables users to effectively tokenize and trade yield-bearing assets, optimizing their yield management strategies.

These developments reflect the project’s commitment to expanding its capabilities and improving its services, aiming to encourage greater adoption and usage of the protocol.

Arweave (AR) gains

Arweave (AR) has garnered considerable attention in the cryptocurrency market for its innovative blockchain technology and promising applications.

As of the latest data, Arweave is trading at .53 per token, with a market capitalization of .8 billion and a 24-hour trading volume of .3 million.

Several recent developments have contributed to AR’s price rise. The recent integration of Farcaster archives on Arweave has notably enhanced the platform’s capabilities, particularly in decentralized social data storage.

The price of the AR token has experienced fluctuations between bearish and bullish trends. In 2022, it dropped below in February and hit a 52-week low of .21 in June. However, it showed modest gains in August and September following a funding round.

A recent partnership with Meta Platforms to store non-fungible tokens, or NFTs, on Instagram has also driven up the price, reaching .77 in November.

Arweave continues to innovate in the blockchain and cryptocurrency sectors, providing a unique solution to data security and integrity challenges.

As investors monitor market trends and forecasts for the AR token, Arweave solidifies its position as an innovative decentralized data management and storage platform, showcasing resilience and innovation in the financial landscape.

Toncoin in the green 

Toncoin (TON) has recently reached new all-time highs, experiencing a 15% increase in price over the past month. This surge has propelled Toncoin into the top 10 cryptocurrencies by market capitalization. TON is now valued at .8 billion.

Several factors have driven this recent price action. Toncoin’s partnership with HumanCode to integrate blockchain-based identity verification through palm recognition technology has expanded the ecosystem’s utility. 

This initiative aims to integrate up to 500 million Telegram users within five years, boosting investor confidence in Toncoin’s long-term potential.

Technical analysis of Toncoin’s price charts shows a strong uptrend with consistent buying pressure. The Relative Strength Index (RSI) is overbought at 76.68, and the Awesome Oscillator (AO) registers a reading of 1.277, indicating positive market momentum.

Looking ahead, Toncoin’s price is poised for further gains. It has already reached a new all-time high of .24, and if the current bullish trend continues, it could potentially break the resistance level and target the mark.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Altcoin

NFT market slumps over 7%: Ethereum leads, Polygon shines with 27% surge

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The non-fungible token (NFT) market experienced another sluggish week, with overall sales dipping by 7.5% over seven days, reaching 1.4 million on June 1. 

Top blockchains by sales volume

Over the last seven days, Ethereum (ETH) has stayed in first place as the leading blockchain for NFT transactions after overtaking Bitcoin (BTC) last week.

According to data from CryptoSlam, the blockchain maintained its dominance with total sales of .43 million, despite an 11.24% decrease from the previous week. 

Bitcoin, the second most active blockchain for non-fungible token sales, raked in .21 million — reflecting a 12.88% drop.

Solana-based NFTs generated just over million, marking a slight 0.52% decline.

Interestingly, Polygon (MATIC) stood out with a 27.10% increase in sales over the previous week, totaling approximately .6 million. Immutable X (IMX) also showed positive movement, with sales climbing 12.23% to .49 million.

Blockchains ranking by 7-day NFT sales | Source: CryptoSlam

Monthly sales volume

Over 30 days, sales volume top-five ranking was pretty much the same as the weekly one, with only Blast replacing Immutable at #5. Ethereum registered 3.7 million in sales throughout May, a figure that was 55% lower than the blockchain’s April numbers. 

Bitcoin suffered a 73.44% drop in terms of monthly sales volume, bringing in 8.5 million. This was despite having the best sales numbers in at least two weeks in May.

Solana (SOL) earned just north of million over 30 days, denoting a 45.8% dip from its April levels. And despite being in the green for the last two weeks, Polygon’s May NFT sales volume were down 34.60%. 

Blast, however, bucked the negative trend, showing a remarkable 519.17% increase in sales volume over the past 30 days. The layer-2 chain ended the month with more than million worth of NFTs traded in the period.

Curiously, Blast also had the highest increase in terms of monthly wash trading numbers, with over .2 million recorded, representing a whopping 931.23% jump from April.

Blockchains ranking by 30-day NFT sales volume | Source: CryptoSlam

Most expensive NFTs

In terms of individual pieces, Azuki #3374 from the Ethereum blockchain sold for a substantial 3,112 — the highest-priced cryptographic token of the week.

It was followed by a notable sale on the Bitcoin blockchain, where an Ordinal inscription fetched 5,258. Solana also made an appearance with Boogle #061, selling for 6,936.

Over the entire month, CryptoPunks #741 was the most expensive NFT, fetching 2,046 on May 13. Another Bitcoin Ordinal inscription came in second after changing hands for 1,497. 

CryptoPunks #3619, sold by malcode-vault.eth for 215 ETH, translating to 7,990, was the third priciest NFT in May. It was followed by Azuki 74 and yet another CryptoPunk, #4926, which earned its owner 9,252.

NFT collection rankings

Among the week’s top NFT collections, Uncategorized Ordinals took the lead with ,810,518 in sales, despite a 15.31% decrease from the previous week. Guild of Guardians on Immutable X secured the second spot, with sales rising 18.48% to .65 million. 

Other notable collections included DMarket in third place, Nodemonkes in fourth, and Bored Ape Yacht Club (BAYC) wrapping up the top 5.

NFT collection rankings by 7-day sales volume | Source: CryptoSlam

As for the entire month, Bitcoin’s Uncategorized Ordinals collection maintained its number one spot, with more than .6 million in sales. However, the figure represented a concerning 70.13% dip in terms of monthly sales volume. 

The second most traded NFT collection in May was Blast’s Fantasy Top, whose sales volume skyrocketed 674.89% to fetch more than million over the period.

Another NFT collection whose monthly sales volume registered an uptick was Guild of Guardians, going up nearly 67% to push it into fifth place. 

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News