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bitcoin, the blockchain network that powers the flagship bitcoin cryptocurrency as well as non-fungible token collections, has seen a strong resurgence today, emerging as the second-largest nft trading blockchain network. bitcoin aims to overtake the ethereum blockchain and once again become the flagship nft blockchain network.
bitcoin roars back into the nft market
Data collected by Cryptoslam.io, an on-chain market data aggregator, shows that bitcoin has seen a strong resurgence in nft sales. In the last 24 hours, bitcoin-based nft collections have accumulated a trading volume of $8.2 million, representing a 43% increase from the previous day.
<img decoding="async" class="alignnone wp-image-475088" alt="bitcoin NFTs” width=”842″ height=”303″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-NFTs-300×108.png 300w, https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-NFTs.png 735w” data-lazy-sizes=”(max-width: 842px) 100vw, 842px” src=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-NFTs-300×108.png”/>bitcoin-NFTs-300×108.png” alt=”bitcoin NFTs” width=”842″ height=”303″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-NFTs-300×108.png 300w, https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-NFTs.png 735w” sizes=”(max-width: 842px) 100vw, 842px”/>
During this period, ethereum, the largest blockchain network for NFTs and now the strongest market rival for bitcoin, is currently in first place. In the last 24 hours, non-fungible token collections hosted on the ethereum blockchain have accumulated a trading sales volume of $8.9 million.
Solana, an open-source public blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, ranks third in nft sales today. In the last 24 hours, Solana NFTs have recorded a trading volume of $7.3 million.
Non-fungible token collections hosted on Polygon, an ethereum scaling solution blockchain network and a potential threat to bitcoin, rank fourth in nft sales today. In the last 24 hours, Polygon-based nft collections have recorded a trading volume of $2.9 million. Polygon nft sales increased by 66% from the previous day.
Top nft Collection Driving bitcoin nft Sales
1. bitcoin Ordinals nft Collection
<img decoding="async" class="alignnone wp-image-475084" alt="bitcoin Ordinals” width=”841″ height=”311″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-Ordinals-1-300×111.png 300w, https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-Ordinals-1.png 723w” data-lazy-sizes=”(max-width: 841px) 100vw, 841px” src=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-Ordinals-1-300×111.png”/>bitcoin-Ordinals-1-300×111.png” alt=”bitcoin Ordinals” width=”841″ height=”311″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-Ordinals-1-300×111.png 300w, https://technicalterrence.com/wp-content/uploads/2024/01/Bitcoin-roars-back-into-the-NFT-market-Solana-invests-in”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-Ordinals-1.png 723w” sizes=”(max-width: 841px) 100vw, 841px”/>
bitcoin Ordinal, a collection of non-fungible tokens created on the bitcoin blockchain network using satoshis, the smallest denomination on the chain, is the best-selling bitcoin nft today. In the last 24 hours, bitcoin Ordinals has accumulated a sales volume of $1.3 million. bitcoin Ordinals have increased 31% in sales volume.
2. $LIGO BRC-20 nft Collection
$LIGO, a collection of non-fungible tokens created on the bitcoin blockchain network using the BRC-20 protocol, is another collection of NFTs that contributed to the exponential increase in bitcoin nft sales volume. In the last 24 hours, the $LIGO BRC-20 nft collection has recorded a trading volume of $987,559. $LIGO nft sales volume increased by 114% from the previous day.
3. $GBTS BRC-20 nft Collection
$GBTS, an nft collection created on the bitcoin blockchain network using the BRC-20 protocol, is another nft collection that has greatly contributed to the significant increase in bitcoin nft sales. In the last 24 hours, the $GBTS BRC-20 nft collection recorded a trading volume of $658,345, representing a 22% increase from the previous day.
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