As Ethereum NFTs grow, here’s what you should consider

After reaching a low in May, the number of Ethereum NFT mints increased by over 48% in June 2023. ETH, however, has colder days to endure.

, the number of NFT buyers and sellers also went up by 20% in the last 30 days. Surprisingly, a look at Santiment’s data painted a different picture.Source: SantimentAmidst these updates, ETH once again faced a price correction, as after crossing $1,900, it again settled under that mark. According toAt the time of writing, Ethereum was trading at $1,860.

19 with a market capitalization of over $223 billion. Are there any chances of ETH once again crossing $1,900 anytime soon? A look at its on-chain metrics gave a few answers., ETH’s exchange reserve was increasing, suggesting that it was under selling pressure. Its Coinbase Premium was also red, meaning that US-based investors were selling on that exchange.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum: Why holders prefer staking over tradingThe rise in Ethereum's price didn't translate into a significant jump in network activity for the proof-of-stake (PoS) blockchain.
Read more »

Starknet takes baby steps to emerge as a robust Ethereum scaling solutionMore than 500,000 wallets have bridged over to scaling solution Starknet, most of them being newer market participants.
Read more »

Lido’s impact on Ethereum staking, revealedLido’s dominance in the Ethereum staking space continues to grow as addresses holding stETH ranges between 230 and 590 per day.
Read more »

Bitcoin Ordinals gets Vitalik’s acclaim despite this ‘con’Ethereum's head commends Bitcoin Ordinals' development but notes that more needs to be done.
Read more »

Why Ethereum saw 580,000 new addresses in one weekEthereum's groundbreaking merge introduced staking, but the quiet surge in new addresses and declining ETH on exchanges hint at a promising and confident future.
Read more »

Ethereum [ETH] fees spike thanks to this mysterious projectCongestion on the ETH network has reduced. But before that, a gas mint action propelled the increase.
Read more »