NFT clash: Will Bitcoin finally outsell Ethereum in March?

While there has been a surge in Ethereum NFT sales in the past few days, it still trails behind Bitcoin in terms of weekly volume.AMBCrypto found that between the 20th and 21st of March, NFT sales volume on Ethereum totaled $43 million, dwarfing Bitcoin’s $20 million by 115%. However, NFT sales on both networks assessed over a seven-day period show that Bitcoin has seen higher activity.

In the past 21 days, the USD value of all NFTs sold on the Bitcoin network is $408 million, marking a 32% uptick from the $307 million recorded in February. This marked a 46% decline from the collection’s floor price of 26 ETH, which it recorded on 1st January. At its current floor price, the NFTs that make up the BAYC collection currently sell at their lowest values since August 2021.Taking advantage of this month’s decline in BAYC’s value, market participants have sold and bought more NFTs from the collection than they did in February and January.

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