While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their … [Read more...] about NFT prices misfire as OpenSea daily active user volume drops 30% in a week
Volume
Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in Jan volume, Microsoft eyes metaverse gaming: Hodler’s Digest, Jan 16-22
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekNFT-focused Animoca Brands valued at $5B following $358M raiseNFT and virtual property-focused … [Read more...] about Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in Jan volume, Microsoft eyes metaverse gaming: Hodler’s Digest, Jan 16-22
Bitcoin Trading Volume Dips; Dogecoin Rallies
Kuptsikevich is especially concerned about further declines in ether, the world's second-largest cryptocurrency by market capitalization after bitcoin. If momentum continues to deteriorate, he anticipates a worst-case scenario of $1,300-$1,700 ETH, which is roughly 50% below current price levels. Source link … [Read more...] about Bitcoin Trading Volume Dips; Dogecoin Rallies
Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
At its peak in November, Ronin, a layer 2 product from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than the Ethereum blockchain, the report found. And while that figure has since retreated, the sidechain is still processing more than up-and-coming networks such as Avalanche and Fantom. Source link … [Read more...] about Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
First Mover Asia: Bitcoin Slips Under $46K As Volume Across Major Centralized Exchanges Remains Low
(Edited by Greg Ahlstrand)Good morning. Here’s what’s happening:Market moves:Bitcoin opened lower on the first trading day of U.S. equities market, while the stock market gained with Apple briefly hitting a $3 trillion market capitalization.Technician’s take: Price indicators suggest limited downside for BTC over the short-term as selling pressure slows.Catch the latest … [Read more...] about First Mover Asia: Bitcoin Slips Under $46K As Volume Across Major Centralized Exchanges Remains Low