EUR/USD 1.15913
-0.035%
Gold 4336.29
-0.279%
Oil 98.914
1.848%
USD/JPY 153.675
-0.005%
GBP/USD 1.35212
-0.035%
GBP/JPY 207.783
-0.045%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 14th, Israeli Defense Minister Katz issued a statement on the 13th, local time, stating that the IDF plans to maintain control of the Ali Tahir Heights in southern Lebanon to prevent Hezbollah or any other party from returning and re-establishing a foothold. Katz stated that the heights remain part of Israels so-called "safe zone" in southern Lebanon, and the IDF will not withdraw or redeploy until Hezbollah is disarmed throughout Lebanon. Katz asserted, "Anyone who approaches the heights will be eliminated."Musk: I am confident that SpaceX will deploy the Nvidia VR NLV72 AI computer in space next year.September 14th - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by September is 13.8%, and the probability of a cumulative rate hike of 25 basis points is 86.2%. The probability of the Federal Reserve keeping interest rates unchanged by October is 6.9%, the probability of a cumulative rate hike of 25 basis points is 50.1%, and the probability of a cumulative rate hike of 50 basis points is 42.9%.On September 14th, Argentine Defense Minister Carlos Alberto Presti stated on the 13th that the US government has not taken sides in the sovereignty dispute over the Falkland Islands (Malvinas Islands). In a media interview on the 13th, Presti said that the US government supports a peaceful resolution to the Falklands sovereignty dispute and has not favored Argentina or the UK.On September 14th, according to the Financial Times, British Prime Minister Burnham will pledge to business leaders on Monday that the government will be a "partner in economic growth" and acknowledges the need for a cultural shift in the UK to encourage entrepreneurship. He will hold a roundtable discussion with entrepreneurs from sectors such as artificial intelligence, fintech, healthtech, manufacturing, and quantum computing, followed by a reception hosted by executives from several large companies at Downing Street. Downing Street stated that the event will focus on how the government can streamline the processes of starting, developing, and investing, while ensuring that any resulting economic benefits reach local communities. On Sunday, Burnham said that the UK has the talent, universities, and visionary communities needed for success, but to unlock its full potential, "We need a cultural shift in how businesses operate in the UK."

Crypto Market Sell-off Delivers NFT Trading Volume Boost

Cory Russell

Apr 13, 2022 10:06


微信截图_20220413094918.png


The crypto market sell-off has aided the growth of OpenSea NFT trading volumes.


Trading volumes on OpenSea fell in February and March as the crypto market rose.


As more mainstream businesses join the NFT area, the prognosis for the NFT market remains positive.

NFTs and OpenSea had a strong start to 2022, with trade volumes reaching an all-time high in January. The upward trend provided a positive picture for the next year.


ETH trade volume reached $4.97 billion in January, according to Dune Analytics statistics. The previous all-time high for OpenSea came in August, when trade volume reached $3.42 billion.


However, the crypto market's recovery from late January lows to early April highs was underwhelming in February and March.


Conditions in the NFT market look to be improving, with the recent crypto market sell-off providing support.

Trading on OpenSea with ETH under $3,000

March saw $2.49bn in ETH-based NFT trading volumes, down from $4.97bn in January and $3.58bn in February.


ETH trading volume is at $1.30bn. A continuing ETH decline would encourage demand for NFTs, notwithstanding the lack of a straight line.


After a January low of $2,161, ETH hit $3,500 in April before slipping down to sub-$3,000. ETH has declined in 6 of 9 sessions, with ETH-based NFT trading on OpenSea returning to sub-$3,000.


Because NFT trade volumes for Polygon (MATIC) and Solana (SOL) are so small, ETH remains the major emphasis.


This month's active traders have risen. From 546,145 in January to 451,767 in March, active ETH-based NFT traders. This month, there were 281,546 active ETH-based NFT traders.


Active traders may reach January's all-time high, boosting OpenSea and NFTs.

Beyond ETH Value's Influence on Trading Volume

Competition, illegal conduct, new NFT launches, and regulatory scrutiny will all have an impact on OpenSea trading activity.


LooksRare (LOOKS) debuted in January this year, and Coinbase is ready to join the NFT field via CoinbaseNFT.


Acceptance of fiat money as a form of payment will be a last important driver for NFT transaction counts. Coinbase and Mastercard announced a cooperation at the start of the year that would enable mainstream payments for NFTs.


The ability to accept mainstream payments eliminates the need for potential NFT collectors to open digital wallets and acquire cryptocurrency under risky market circumstances. The move by Coinbase to accept Mastercard payments may drive other NFT markets to do the same.


The good news for the NFT industry is that major corporations are continuing to investigate and join the digital asset market. Investors will be watching how Solana-based NFTs work for OpenSea.


However, there are also downside concerns, such as illegal activities and increasing governmental supervision. Regulatory monitoring must be helpful rather than punishing in order to make the NFT market more accessible. The actions of regulators on NFTs may be connected to unlawful activities in the NFT sector.

Suggestion