Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

A Shift in the NFT Landscape

Altszn.com by Altszn.com
August 22, 2023
in Solana
0
A Shift in the NFT Landscape
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Cardano

  • The NFT market is witnessing a significant shift, with Cardano’s NFT floor price 22% higher than Ethereum’s, implying growing interest in Cardano’s NFT trading potential. 
  • Cardano’s NFT price surge, Ethereum, maintains trading volume dominance, according to CryptoSlam data. 

The NFT market is undergoing a significant change, demonstrated by Cardano’s NFT floor price index is 22% higher than Ethereum’s, according to information provided by Stocktwits NFTs. Based on the 7-day charts, this comparison indicates a noticeable shift in interest toward Cardano as an NFT trading platform. Despite Ethereum’s historical dominance in this field, there’s a growing attraction to Cardano.

Nevertheless, despite the remarkable surge in Cardano’s NFT floor price, it still trails behind in overall trading volume. Recent data from CryptoSlam reveals that Ethereum holds a significant market lead, boasting a total trading volume of $13,279,162 with 11,197 buyers. In contrast, Cardano occupies the ninth position with a trading volume of $180,637, although it does have a respectable count of 1,555 buyers.

This contrast highlights that Ethereum remains the preferred choice for trading volume while individual Cardano NFTs steadily depreciate.

Solana and Polygon secure the second and third positions with $1,601,313 and $1,235,318 in initial sales, respectively. The tweet from Stocktwits NFTs further prompts the question, “When will projects migrate to Cardano?” suggesting the potential transfer of projects from other platforms to Cardano in the future.

The Cardano NFT floor price index is 22% higher than the Ethereum floor price index right now.

This is a comparison of the 7 day charts. pic.twitter.com/8RnDHFNLk7

— Stocktwits NFTs (@StocktwitsNFTs) August 21, 2023

>> Buy Polygon (MATIC) quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<

This potential migration could be attributed to the surge in Cardano’s NFT prices and its prospective advantages as an NFT platform. However, it’s important to approach this transition with careful optimism. While Cardano displays promise in the NFT sector, Ethereum’s well-established dominance, backed by greater trading volumes and a larger user base, solidifies its continued prominence as a major player in the market.

Follow us for the latest crypto news!

Several other platforms are competing to gain a share of the NFT market. Notably, Solana and Polygon have solidified their roles as significant participants. Recording initial sales of $1.5 million and $2.1 million, respectively, these platforms are also establishing a presence in the NFT landscape.

Price Movement of ADA and ETH

Despite the rise in NFT floor prices, the inherent tokens of Ethereum and Cardano have not replicated the upward trend of their individual NFT markets. In the last week, Cardano’s native token (ADA) has experienced a decrease of 9.94%, resulting in its current price of $0.26 at the time of this writing. Furthermore, ADA’s market capitalization has experienced a significant decline over the previous week, dropping from a peak of $10.1 billion to its current value of $9.3 billion.

ADA’s downward trend has persisted in the last 24 hours, marking an additional decrease of 2.07%. Ethereum has faced a similar trajectory, with the second-largest cryptocurrency by market capitalization undergoing an almost 9.57% decrease in the past week. Ethereum’s price has fallen from $1844 last Monday to its current value of $1,662, reflecting a nearly 0.44% decline within the last 24 hours alone. This decline translates to a reduction of $20 billion in Ethereum’s market capitalization during the same period.

Best Crypto Exchange for Everyone:

  • Invest in Polygon and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started

 

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.





Read More: www.crypto-news-flash.com

Tags: landscapeNFTshiftSolana
ADVERTISEMENT

Recent

Browser Crypto Mining in 2025: Still Worth It?

Browser Crypto Mining in 2025: Still Worth It?

May 8, 2025
Bitcoin DeFi sees surge in mining participation despite drop in TVL

Bitcoin DeFi sees surge in mining participation despite drop in TVL

May 8, 2025
Sweat wallet adds AI assistant and expands to multichain DeFi

Sweat wallet adds AI assistant and expands to multichain DeFi

May 8, 2025

Categories

  • Bitcoin (4,987)
  • Blockchain (11,678)
  • Crypto (9,618)
  • Dark Web (577)
  • DeFi (8,527)
  • Ethereum (5,053)
  • Metaverse (7,821)
  • Monero (312)
  • NFT (1,633)
  • Solana (5,115)
  • Web3 (21,094)
  • Zcash (509)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Browser Crypto Mining in 2025: Still Worth It?

    Browser Crypto Mining in 2025: Still Worth It?

    May 8, 2025
    Bitcoin DeFi sees surge in mining participation despite drop in TVL

    Bitcoin DeFi sees surge in mining participation despite drop in TVL

    May 8, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 101,176.00
    • ethereumEthereum (ETH) $ 2,049.70
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.25
    • bnbBNB (BNB) $ 621.83
    • solanaSolana (SOL) $ 160.20
    • usd-coinUSDC (USDC) $ 0.999938
    • dogecoinDogecoin (DOGE) $ 0.190598
    • cardanoCardano (ADA) $ 0.732465
    • tronTRON (TRX) $ 0.255503
    • staked-etherLido Staked Ether (STETH) $ 2,046.01
    • suiSui (SUI) $ 3.91
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,207.00
    • chainlinkChainlink (LINK) $ 15.26
    • avalanche-2Avalanche (AVAX) $ 21.30
    • stellarStellar (XLM) $ 0.282041
    • wrapped-stethWrapped stETH (WSTETH) $ 2,458.51
    • bitcoin-cashBitcoin Cash (BCH) $ 420.69
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • hedera-hashgraphHedera (HBAR) $ 0.191647
    • leo-tokenLEO Token (LEO) $ 8.75
    • usdsUSDS (USDS) $ 0.999965
    • the-open-networkToncoin (TON) $ 3.20
    • hyperliquidHyperliquid (HYPE) $ 21.96
    • litecoinLitecoin (LTC) $ 93.06
    • polkadotPolkadot (DOT) $ 4.32
    • wethWETH (WETH) $ 2,048.96
    • moneroMonero (XMR) $ 296.38
    • bitget-tokenBitget Token (BGB) $ 4.43
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999444
    • wrapped-eethWrapped eETH (WEETH) $ 2,183.75
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 101,149.00
    • pi-networkPi Network (PI) $ 0.632035
    • whitebitWhiteBIT Coin (WBT) $ 29.55
    • pepePepe (PEPE) $ 0.000010
    • bittensorBittensor (TAO) $ 415.17
    • uniswapUniswap (UNI) $ 5.54
    • daiDai (DAI) $ 1.00
    • aptosAptos (APT) $ 5.21
    • susdssUSDS (SUSDS) $ 1.05
    • nearNEAR Protocol (NEAR) $ 2.61
    • okbOKB (OKB) $ 52.52
    • ondo-financeOndo (ONDO) $ 0.949294
    • aaveAave (AAVE) $ 190.76
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.096237
    • ethereum-classicEthereum Classic (ETC) $ 17.72
    • gatechain-tokenGate (GT) $ 21.79
    • internet-computerInternet Computer (ICP) $ 4.98
    • bitcoinBitcoin (BTC) $ 101,176.00
    • ethereumEthereum (ETH) $ 2,049.70
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.25
    • bnbBNB (BNB) $ 621.83
    • solanaSolana (SOL) $ 160.20
    • usd-coinUSDC (USDC) $ 0.999938
    • dogecoinDogecoin (DOGE) $ 0.190598
    • cardanoCardano (ADA) $ 0.732465
    • tronTRON (TRX) $ 0.255503
    • staked-etherLido Staked Ether (STETH) $ 2,046.01
    • suiSui (SUI) $ 3.91
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 101,207.00
    • chainlinkChainlink (LINK) $ 15.26
    • avalanche-2Avalanche (AVAX) $ 21.30
    • stellarStellar (XLM) $ 0.282041
    • wrapped-stethWrapped stETH (WSTETH) $ 2,458.51
    • bitcoin-cashBitcoin Cash (BCH) $ 420.69
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • hedera-hashgraphHedera (HBAR) $ 0.191647
    • leo-tokenLEO Token (LEO) $ 8.75
    • usdsUSDS (USDS) $ 0.999965
    • the-open-networkToncoin (TON) $ 3.20
    • hyperliquidHyperliquid (HYPE) $ 21.96
    • litecoinLitecoin (LTC) $ 93.06
    • polkadotPolkadot (DOT) $ 4.32
    • wethWETH (WETH) $ 2,048.96
    • moneroMonero (XMR) $ 296.38
    • bitget-tokenBitget Token (BGB) $ 4.43
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999444
    • wrapped-eethWrapped eETH (WEETH) $ 2,183.75
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 101,149.00
    • pi-networkPi Network (PI) $ 0.632035
    • whitebitWhiteBIT Coin (WBT) $ 29.55
    • pepePepe (PEPE) $ 0.000010
    • bittensorBittensor (TAO) $ 415.17
    • uniswapUniswap (UNI) $ 5.54
    • daiDai (DAI) $ 1.00
    • aptosAptos (APT) $ 5.21
    • susdssUSDS (SUSDS) $ 1.05
    • nearNEAR Protocol (NEAR) $ 2.61
    • okbOKB (OKB) $ 52.52
    • ondo-financeOndo (ONDO) $ 0.949294
    • aaveAave (AAVE) $ 190.76
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.096237
    • ethereum-classicEthereum Classic (ETC) $ 17.72
    • gatechain-tokenGate (GT) $ 21.79
    • internet-computerInternet Computer (ICP) $ 4.98