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Showing posts with the label volume

Bullish chart pattern hints DOGE could hit $0.39

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At the start of 2024, Dogecoin (DOGE) was trading at just $0.09206. The election of pro-crypto candidate Donald Trump in November of that year ignited a wider cryptocurrency market bull run — leading DOGE to close the year at $0.32409 for a 252.04% return. The original meme coin has since continued those gains seeing a 10.87% price increase since the start of 2025. At press time, DOGE was changing hands at $0.36191 — although the coin is still some 28.89% off of its recent $0.4665 high. DOGE price year-to-date (YTD) chart. Source: Finbold While positive, DOGE’s price action in January thus far has been quite volatile — owing to now-resolved inflation worries and liquidity suddenly gravitating toward Official Trump (TRUMP), the President’s own meme coin. Picks for you Shiba Inu burn rate surges 600% in a day; What next for SHIB price?  ...

CryptoPunk sells for $500K, NFT volume rallies 17%

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A CryptoPunk collectible recently sold for 205 Ethereum (ETH) worth a whopping $507,617, amid an observable uptick in global non-fungible token (NFT) sales, with sales volume surging by 17.72% in the past 24 hours. Following the surge in NFT sales volume , the market has recorded $38.28 million in sales over the last 24 hours. Interestingly, the CryptoPunk collectible represents the largest single NFT sale in the past 24 hours and the last month. NFT sales – Jan. 22 | Source: CryptoSlam The sale, involving CryptoPunk #6940, occurred yesterday at 14:11 (UTC), per data from Etherscan. Historical transaction data confirms that the price of the collectible has increased impressively over the past six years. Notably, the NFT was minted in December 2017 for $128. You might also like: Elon Musk’s X seemingly opens dedicated payments page The previous sale involving the collectible was worth 215 ETH in April 2023. However, this sale was of less value due to Ethereum’s l...

OpenSea CEO bets on use cases for NFTs, says trading volumes can be ‘misleading’

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Devin Finzer, the CEO of OpenSea, a once $13 billion valued NFT marketplace, is now going long on NFTs as the platform is exploring new use cases. In an interview with Bloomberg, the OpenSea CEO said the platform wants to build the most compelling use cases for non-fungible tokens (NFTs) as its trading volumes keep falling. DappRadar data reveals that OpenSea’s trading volumes currently stand at approximately $3.5 million, trailing behind competitors like Blur and OKX NFT, which have volumes of $20.8 million and $4.4 million, respectively. Trading volumes among NFT marketplaces | Source: DappRadar Speaking of trading volumes, Finzer said the New York-headquartered startup tends to not focus “too much on kind of the short-term, marketplace dynamics,” adding that “trading volumes can be a little bit misleading at times” as OpenSea’s competitors incentivize activity with their tokens. You might also like: OpenSea CEO announces layof...