NBA Star Scottie Pippen’s Ethereum vs. Solana Comparison Sparks Social Media Debate
Posted inBlockchain Ethereum NFTs Trending

NBA Star Scottie Pippen’s Ethereum vs. Solana Comparison Sparks Social Media Debate

July 21, 2024
Seven-time NBA All-Star Scottie Pippen ignited a debate on social media Saturday by asking his more than 658,000 followers to choose between Ethereum and Solana. The question inspired more than 4,000 responses as of Sunday afternoon, with many commentators suggesting alternatives like Bitcoin (BTC) and Cardano (ADA) instead of Ethereum (ETH) and Solana (SOL). This ... Read more
Posted inNFTs Market

NFTs Maintain Upward Momentum, Sales Volume Surpasses $107 Million

July 21, 2024
Non-fungible tokens (NFTs) have continued their upward trajectory for the second consecutive week, with sales volume reaching an impressive $107 million—an 8.5% increase. This resurgence in the NFT market is marked by a substantial rise in both buyers and sellers, indicating a revitalized trading environment and heightened market engagement. Surge in NFT Market Participation The ... Read more
KnownOrigin Shutdown Sparks Debate Over NFT Storage Reliability
Posted inNFTs

KnownOrigin Shutdown Sparks Debate Over NFT Storage Reliability

July 20, 2024
KnownOrigin has announced its imminent shutdown, reigniting debates about the reliability and longevity of NFT storage solutions. KnownOrigin Bows Out Since its inception in 2018 in Manchester, England, KnownOrigin has been a significant player in the digital art space, providing artists with a platform to mint, sell, and trade NFTs. The platform seemed poised for ... Read more
Weekly NFT Sales Hit $109M: Ethereum and Polygon Lead Amid Declining Market Participation
Posted inEthereum Bitcoin Market NFTs Trending

Weekly NFT Sales Hit $109M: Ethereum and Polygon Lead Amid Declining Market Participation

July 14, 2024
The non-fungible token (NFT) market experienced a notable 7.68% increase in sales volume this week, reaching $109 million. This surge occurred despite a significant drop in the number of NFT buyers and sellers, which fell by 68.00% and 67.78%, respectively. Interestingly, the reduced number of participants did not hinder NFT transactions, which soared by nearly ... Read more
What are CryptoPunks? All About the Mainstream NFT Collection
Posted inEthereum NFTs Trending

What are CryptoPunks? All About the Mainstream NFT Collection

July 12, 2024
Over the past few years, the market for non-fungible tokens (NFTs) has experienced a dynamic journey—from an initial global frenzy to a more stabilized, albeit somewhat subdued, phase. In 2021, NFTs captured worldwide attention, making headlines and shaking up cryptocurrency markets. Despite a cooling-off period in 2023, NFTs continue to see substantial trading activity, with ... Read more
Ethereum’s Struggles Continue: Could ETF Launch Reverse the Trend?
Posted inEthereum Market NFTs Trending

Ethereum’s Struggles Continue: Could ETF Launch Reverse the Trend?

July 8, 2024
In this report, we delve into Ethereum’s performance in June 2024. Despite the complex trends in ETH’s price, Cryptonews explores network activities, key ecosystem updates, and their potential implications for Ethereum’s future. Key Takeaways: ETH Price Decline: ETH price fell by 10.4% from $3,803 to $3,406 in June. Concerns about a potential Bitcoin price drop ... Read more
NFT Market Roundup: Ethereum and Solana Dominate, CryptoPunks Lead the Pack
Posted inBitcoin Market NFTs Trending

NFT Market Roundup: Ethereum and Solana Dominate, CryptoPunks Lead the Pack

July 7, 2024
In the week ending July 6, the NFT market experienced a significant uptick in activity, with notable sales volumes across the Ethereum (ETH) and Solana (SOL) blockchains. Here’s a comprehensive overview of the top performers and trends in the NFT space. Top 5 Blockchains by NFT Sales Volume According to Crypto Slam data, Ethereum led ... Read more
NFT Market Surges in Q2 2024: Best Quarter Since Early 2023, Reports DappRadar
Posted inNFTs Market

NFT Market Surges in Q2 2024: Best Quarter Since Early 2023, Reports DappRadar

July 5, 2024
Despite Bitcoin experiencing a continuous decline, the non-fungible token (NFT) market has defied expectations, recording its best quarter since early 2023. In Q2 2024, NFTs saw a 28% increase in sales count, reaching levels last seen in Q1 2023, according to a recent research report by DappRadar. Surge in NFT Trading Volume NFTs recorded $4 ... Read more
Are NFTs Dead? Mega Collector Pranksy Says Not Yet
Posted inNFTs

Are NFTs Dead? Mega Collector Pranksy Says Not Yet

June 24, 2024
Prominent non-fungible token (NFT) collector Pranksy remains optimistic about the future of NFTs, countering the prevailing sentiment of their decline. Pranksy, an early investor in NFTs with a significant following and collection, recently engaged his X followers by asking about their most recent NFT purchases. The post garnered nearly 118,000 views and over 500 replies, ... Read more
NFT Market Experiences 16% Decline Amid Volatile Trading Week
Posted inNFTs

NFT Market Experiences 16% Decline Amid Volatile Trading Week

June 16, 2024
This week witnessed a notable downturn in the non-fungible token (NFT) market, with sales plunging nearly 16% following a 17% surge the previous week. According to CryptoSlam, total NFT sales amounted to $121.7 million, with over 519,000 buyers and sellers actively participating in the market. Blockchain NFT Sales Breakdown Ethereum (ETH) Sales: $39.28 million Change: ... Read more