NFTs Are Back Baby! And This Time, It’s Bitcoin That’s Leading the March…
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Positive, Bitcoin NFTs weren’t a factor final bull cycle…
And it is smart that they’d seize collectors’ curiosity this time round, seeing as Bitcoin is king of the hill (re: worth)…
However we’re nonetheless impressed by the shear weight Bitcoin NFTs (aka Ordinals) are throwing round proper now.
Simply 2 weeks in the past, the #1 NFT market was Blur — and for those who had’ve requested us which was #2, we’d’ve guessed OpenSea.
However as of this writing, neither of them maintain the highest spot.
Magic Eden now sits atop the throne, having pulled in $29.19M USD price of trades within the final 24 hrs alone.
(And it’s all due to the platform’s embracement of Bitcoin NFTs).
It’s a cycle we’ve seen work in ETH’s favor beforehand, and it goes like this:
The bottom asset (BTC) goes up → buyers make income → a few of them put some ‘play cash’ apart → Bitcoin NFTs are there to soak up these funds.
It’s all very bullish!
