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- Ethereum reclaimed the highest spot within the NFT market after almost 4 weeks.
- Azuki was perceived to be the first driver in driving NFT gross sales on Ethereum.
Ethereum [ETH] non-fungible token (NFT) fans had one thing to cheer amidst a moderately disappointing section.
Ethereum flips Bitcoin quickly
NFT market tracker CryptoSlam said in an X (formerly Twitter) post, dated the sixth of January, that Ethereum had reclaimed its standing because the main blockchain when it comes to NFT gross sales quantity.
The wait was lengthy, as Ethereum flipped Bitcoin [BTC], which had dominated the NFT market recently, after almost 4 weeks.
AMBCrypto drilled deeper, observing a notable spike in gross sales quantity within the final two days. We discovered that gross sales figures had touched $12 million on the sixth of January, the best in two weeks.
Supply: CryptoSlam
On the time of publication, Ethereum slipped back to the second spot. Nonetheless, the temporary surge grabbed the eye of market observers.
Azuki lifts Ethereum’s NFT market
Azuki, a well-liked assortment, was perceived to be the first driver in pushing NFT gross sales on Ethereum upwards.
It began with Azuki liking and reposting Weeb3 Basis’s posts on social platform X (previously Twitter). This sparked rumors of a attainable partnership between the 2 entities.
One explicit put up that attracted probably the most eyeballs was linked to anime, with many in the neighborhood viewing it as a touch that ANIME was Azuki’s upcoming token.
In the direction of an open anime universe 🌸 pic.twitter.com/jXJSWGrF4v
— Weeb3 Basis (@weeb3foundation) January 6, 2024
Observe that Azuki launched an anime-themed assortment of 20,000 NFTs final yr referred to as Elementals. The venture, nonetheless, acquired mired in controversy over accusations of duplication.
The newest improvement raised hopes of the start of a stable and credible marketplace for anime manufacturers within the NFT market.
Learn Ethereum’s [ETH] Price Prediction 2024-25
The optimism was mirrored in a 30% bounce in Azuki’s flooring worth, AMBCrypto observed utilizing NFT Flooring Value’s information. Buying and selling exercise for the gathering additionally jumped, boosting total NFT gross sales on the Ethereum blockchain.
Supply: NFT Value Flooring
It stays to be seen if Ethereum, driving on Azuki’s anime push, can reclaim its numero spot.
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