As Ethereum NFTs grow, here’s what you should consider

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After reaching a low in May, the number of Ethereum NFT mints increased by over 48% in June 2023. ETH, however, has colder days to endure.

, the number of NFT buyers and sellers also went up by 20% in the last 30 days. Surprisingly, a look at Santiment’s data painted a different picture.Source: SantimentAmidst these updates, ETH once again faced a price correction, as after crossing $1,900, it again settled under that mark. According toAt the time of writing, Ethereum was trading at $1,860.

19 with a market capitalization of over $223 billion. Are there any chances of ETH once again crossing $1,900 anytime soon? A look at its on-chain metrics gave a few answers., ETH’s exchange reserve was increasing, suggesting that it was under selling pressure. Its Coinbase Premium was also red, meaning that US-based investors were selling on that exchange.

 

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