Forget Trump NFTs, This Picture Of A Rock Sold For $372,011
Portfolio Pulse from Khyathi Dalal
An EtherRock NFT was sold for 170 ETH, equivalent to $372,011, marking the latest sale of the EtherRock collection, one of the oldest NFT collections on Ethereum. The floor price for EtherRock NFTs as of Jan. 15, 2024, is 199.11 ETH. The global NFT market saw a 24-hour trading volume of $29.9 million, a 19.5% decrease from the previous day, with a 15.7% decrease in the number of NFT buyers. Azuki, Mutant Ape Yacht Club, and Pudgy Penguins lead in trading volume, while CryptoPunks has the highest market cap and floor price. Trump NFTs are gaining popularity after Ron DeSantis endorsed Trump's re-election bid.
January 24, 2024 | 3:27 pm
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The sale of an EtherRock NFT for 170 ETH at a value of $372,011 highlights the continued interest and high-value transactions within the Ethereum-based NFT market.
While the sale of a high-value NFT such as EtherRock indicates there is still significant activity and interest in the Ethereum NFT space, it does not necessarily predict short-term price movements of ETH itself. The NFT market can be quite volatile and does not always correlate directly with the underlying cryptocurrency's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70