Solana’s $500 Target & Ethereum’s NFT Decline: How Furrever Token’s 25% Bonus Can Boost Your Portfolio!
The post Solana’s $500 Target & Ethereum’s NFT Decline: How Furrever Token’s 25% Bonus Can Boost Your Portfolio! appeared first on Coinpedia Fintech News
With Solana poised for a potential climb to $500 and Ethereum facing challenges with declining NFT sales, investors seek new avenues for maximizing profits. Enter Furrever Token, a charming newcomer to the crypto space offering both allure and substantial returns. With an exclusive 25% bonus on new purchases, Furrever Token is positioned to enhance your portfolio and inject joy into your investment journey. Don’t miss this chance to boost your crypto assets with Furrever Token’s irresistible appeal!
NFT Market Check-In: Ethereum Leads Amidst Declining SalesOver the last week, NFT sales dropped by 7.03%, hitting $122.3 million. Ethereum led with $37.06 million in sales, down 11.66%. Bitcoin followed with $28.54 million, a decrease of 10.83%. Solana NFTs earned just over $19 million, while Polygon surged by 29.04%, reaching about $15.54 million.
The top-selling NFTs included Azuki #3,374 from Ethereum, fetching $393,112, followed by an Ordinal inscription from Bitcoin, sold for $305,258. In collections, Uncategorized Ordinals led with $8,619,161 in sales, despite a 16.25% decrease. Guild of Guardians from Immutable X saw a 23.27% increase, reaching $5.73 million in sales.
Nevertheless, the overarching trajectory in NFT sales appears uninspiring, as blue-chip NFT values witness a notable downturn from their zeniths. The sustained decrease over recent months hints at a deceleration in expansion compared to historical trends. Notwithstanding prevailing market sentiment, certain collections such as Guild of Guardians demonstrate resilience, indicating latent opportunities amid the broader downturn.
Solana’s Journey: Aiming for the HeightsDespite recent price stagnation around $167.12, Solana (SOL) holders remain bullish, eyeing a potential surge to $500. SOL’s correlation with Bitcoin (BTC) stands at 0.83, indicating parallel price movements, while its divergence from Ethereum (ETH) suggests independence. Low social dominance, currently at 4.938%, historically signals a buying opportunity, especially with a decline in Open Interest (OI) to $807.25 million, potentially setting the stage for a rally from $161 to $168. Solana’s Total Value Locked (TVL) sits at $4.80 billion, with a recent 20.27% increase, indicating growing trust in the network despite recent withdrawals. As stablecoin circulation rises on Solana, suggesting increased buying power, the potential for SOL to surpass $500 remains compelling, especially if TVL reaches $8 billion.
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