After trading around its all-time high throughout the week, the price of bitcoin dropped to as low as $65,000 US dollars. However, the sales volume of the network's non-fungible tokens (NFT) stole the spotlight on Friday in the cryptocurrency market.
At 1:40 p.m. Eastern Time, Bitcoin had accumulated more than $22.2 million, making it the most valuable blockchain for non-fungible tokens (NFTs) during the course of the previous twenty-four hours.
When compared to the sales of $12.6 million United States dollars from the previous day, this indicates a 76.04% gain. A rise in activity on the Bitcoin blockchain is shown by the fact that the number of non-fungible token transactions increased by 19%, going from 5,744 to 6,835.
The cryptocurrencies Ethereum and Solana, which ranked second and third, respectively, are immediately following Bitcoin in tight pursuit.
The sales of Ethereum were over $14.8 million, which is a reduction of 15.72% from Thursday's figures. On the other hand, the sales of Solana were $8.7 million, which is a decline of 4.22%.
Polygon, which is a scaler for Ethereum, has also made significant progress during the previous twenty-four hours.
Despite being ranked fourth, it experienced a considerable boost in sales of 65.32 percent, going from $1.17 million to $1.94 million in the United States. However, Polygon saw a minor decline in the number of transactions, which went from 53,247 to 52,076 during the years of 53 and 52.
Bitcoin's non-fungible token (NFT) all-time sales volume has increased to US$2.8 billion as a result of Friday's performance, placing it in fourth place among all blockchains.
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