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- Ethereum reclaimed the highest spot within the NFT market after practically 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 relatively disappointing section.
Ethereum flips Bitcoin briefly
NFT market tracker CryptoSlam acknowledged in an X (previously Twitter) put up, dated the sixth of January, that Ethereum had reclaimed its standing because the main blockchain by way of NFT gross sales quantity.
The wait was lengthy, as Ethereum flipped Bitcoin [BTC], which had dominated the NFT market recently, after practically 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.
On the time of publication, Ethereum slipped again to the second spot. Nevertheless, the temporary surge grabbed the eye of market observers.
Azuki lifts Ethereum’s NFT market
Azuki, a preferred 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 specific put up that attracted essentially the most eyeballs was linked to anime, with many locally 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 12 months known as Elementals. The challenge, nonetheless, received mired in controversy over accusations of duplication.
The newest growth raised hopes of the start of a stable and credible marketplace for anime manufacturers within the NFT market.
Learn Ethereum’s [ETH] Worth Prediction 2024-25
The optimism was mirrored in a 30% bounce in Azuki’s ground worth, AMBCrypto seen utilizing NFT Flooring Worth’s knowledge. Buying and selling exercise for the gathering additionally jumped, boosting total NFT gross sales on the Ethereum blockchain.
It stays to be seen if Ethereum, driving on Azuki’s anime push, can reclaim its numero spot.