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Reporter
- Ethereum recovered the leading area in the NFT market after almost 4 weeks.
- Azuki was viewed to be the main chauffeur in driving NFT sales on Ethereum.
Ethereum [ETH] non-fungible token (NFT)lovers had something to cheer in the middle of a rather frustrating stage.
Ethereum turns Bitcoin briefly
NFT market tracker CryptoSlam mentioned in an X (previously Twitter) post, dated the 6th of January, that Ethereum had actually recovered its status as the leading blockchain in regards to NFT sales volume.
The wait was long, as Ethereum turned Bitcoin [BTC]which had actually controlled the NFT market recently, after almost 4 weeks.
AMBCrypto drilled much deeper, observing a noteworthy spike in sales volume in the last 2 days. We discovered that sales figures had actually touched $12 million on the 6th of January, the greatest in 2 weeks.
Source: CryptoSlam
At the time of publication, Ethereum slipped back to the 2nd area. The short rise got the attention of market observers.
Azuki raises Ethereum’s NFT market
Azuki, a popular collection, was viewed to be the main chauffeur in pressing NFT sales on Ethereum upwards.
All of it began with Azuki taste and reposting Weeb3 Foundation’s posts on social platform X (previously Twitter). This stimulated reports of a possible collaboration in between the 2 entities.
One specific post that brought in the most eyeballs was connected to anime, with lots of in the neighborhood seeing it as a tip that ANIME was Azuki’s upcoming token.
Towards an open anime universe pic.twitter.com/jXJSWGrF4v
— Weeb3 Foundation (@weeb3foundation) January 6, 2024
Keep in mind that Azuki released an anime-themed collection of 20,000 NFTs in 2015 called Elementals. The task, nevertheless, got stuck in debate over allegations of duplication.
The current advancement raised hopes of the start of a strong and reliable market for anime brand names in the NFT market.
Read Ethereum’s [ETH] Cost Prediction 2024-25
The optimism was shown in a 30% dive in Azuki’s flooring cost, AMBCrypto saw utilizing NFT Floor Price’s information. Trading activity for the collection likewise leapt, improving general NFT sales on the Ethereum blockchain.
Source: NFT Price Floor
It stays to be seen if Ethereum, riding on Azuki’s anime push, can recover its numero area.
