NFT

Decline in NFT Sales Continues in September

Tuesday. October 1 at 8:00 AM

1 min. read

Non-fungible token (NFT) sales saw a continued decline in September, with monthly sales volumes failing to rebound. Data from CryptoSlam revealed that NFT sales totaled $296 million in September, marking a 20% decrease from August's $373 million. This figure also represents an 81% drop from the peak sales volume of $1.6 billion in March 2024. Despite this downward trend, digital collectibles have not experienced monthly sales below $300 million since January 2021. Additionally, total NFT transactions decreased by 32% from 7.3 million in August to 4.9 million in September. However, the average value of NFT transactions rose by 18% from $50.71 to $60 during the same period. The decline in NFT sales coincides with increased scrutiny from the SEC, with notable actions taken against NFT platforms and projects. Despite regulatory challenges, some industry insiders remain optimistic about the future of NFTs.

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Investing in Flockerz: The Next 100x Token?

Sunday. December 29 at 8:00 PM

Flockerz, the potential next 100x token, is nearing the end of its presale, having raised $7.7 million so far. Flockerz introduces a unique vote-to-earn platform, allowing users to share opinions and earn tokens. With 20% of tokens reserved for rewards, the rest can be purchased on the Flockerz website. Priced at $0.00654 currently, analysts predict a surge to $0.0124 by 2025. The vote-to-earn model sets Flockerz apart in the meme coin space, attracting investors. While the 380% APY for staking tokens is appealing, the dynamic nature of APYs should be considered. Early investment in Flockerz could lead to significant rewards, as seen with pioneers like Bitcoin and Ethereum. Flockerz may revolutionize crypto management by fostering a community-led approach. Conducting thorough research before investing in meme coins is crucial, despite promising prospects for Flockerz.

NFT

Solana's Rise and Solaxy's Potential

Saturday. December 28 at 7:00 AM

Since the rise of the crypto industry, Bitcoin ($BTC) and Ethereum ($ETH) have been the dominant names in the market. However, in 2022, Solana ($SOL) emerged as a strong competitor, surpassing both in various aspects. Following a significant increase in value after the collapse of FTX, $SOL outperformed $BTC and $ETH on numerous days, attracting more capital inflow. The surge in meme coin activity on the Solana blockchain contributed to this growth, driving $SOL to an all-time high. Despite its success, $SOL has faced price declines due to network limitations. To address these issues, Solaxy, a layer-2 scaling solution for Solana, aims to reduce congestion and offer lower trading fees. The introduction of the $SOLX token through a presale has garnered significant interest, with expectations of substantial growth. Interested investors can participate in the presale on the Solaxy website using various payment methods, but caution and research are advised before investing.

NFT

PHNIX Memecoin Achieves Major Listing Milestone on MEXC Exchange

Saturday. December 28 at 4:00 AM

The PHNIX memecoin, based on the XRP Ledger, has reached a significant milestone with its first major listing on a centralized exchange. MEXC, a prominent cryptocurrency exchange, recently listed PHNIX for spot trading paired with USDT. This listing marks a significant step for PHNIX, which was launched on December 3 amidst growing interest in meme coins on the XRPL ecosystem. PHNIX symbolizes themes of rebirth and resilience linked to the XRP and Ripple communities. Prior to its listing on MEXC, PHNIX traded exclusively on XRPL's FirstLedger DEX. Following the listing, heavy trading activity has been observed, with over 6.16 billion tokens traded in the last 24 hours, amounting to a trading volume exceeding $425,000. The coin's price surged by more than 116% post-announcement, reflecting its success and the broader revival of XRP and its community. PHNIX's listing on MEXC signifies a positive trajectory for the token, attracting more attention from traders and institutional investors within the XRP community and beyond.

NFT

Emerging Cryptos Making Waves in the Market

Saturday. December 28 at 2:00 AM

This week saw the launch of three new cryptocurrencies - KIKICat (KIKI), SPORE, and SwarmNode.ai (SNAI) - that have quickly garnered attention. KIKI, a meme coin initially introduced on Pumpfun, has attracted over 7,700 holders but experienced a 26% drop in the last 24 hours, potentially presenting a buying opportunity if momentum picks up. SPORE, a crypto game focusing on AI agents, has surged by 45% in a day with over 37,000 daily transactions, benefiting from the growing interest in GameFi and AI integrated crypto. SNAI, the coin powering SwarmNode's AI agent platform, has seen a nearly 50% increase in 24 hours, with a current market cap of $34 million poised to reach $50 million if the trend continues. These new cryptos, especially KIKICat, have gained significant traction in a short time, showing potential for growth and attracting investor interest.

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