- 1 The EtherRock NFT project is back in the game.
- 2 EtherRock 8 NFT was traded for over 170 ETH ($372,011) for the very first time.
The NFT marketplace is expanding its roots in the universe, breaking records in sales. On January 22, EtherRock 8 NFT was sold for 170 ETH, which comes up to $372,011. Recently, Donald Trump unveiled an NFT collection on Bitcoin Ordinals that brought the attention of individuals towards the NFT space. Furthermore, other NFT projects including EtherRock, CryptoPunks, etc. are rocking the NFT stage.
What’s Going on in the NFT Marketplace?
The sale of a picture of a rock for 170 ETH ($372,011) shocked the NFT world. No one ever supposed that the EtherRock NFT project would shake the NFT space in such a way.
EtherRock was launched in 2017 and is believed to be the foremost NFT project on the Ethereum network. Also known as EthRock, the project delivers a series of 100 unique items and is encouraged by the Pet Rock trend.
The project has no use cases except trades and making consumers an owner of the NFTs. Since launch day, EtherRock hasn’t shown an impressive performance, but on Tuesday, one of its items was sold for 170 ETH. Likewise, on January 9, another trade was observed where the digital painting of a rock was sold for 160 ETH.
Concentrating on the global NFT landscape, in just one day, the global NFT market witnessed a trading volume of $29.9 Million, reflecting a decrease of 19.5%. Besides this, a drastic decline has been witnessed in the number of NFT holders. In 24 hours, a 15.7% drop was observed in the number of NFT customers, as per data from CryptoSlam.
Azuki, Mutant Ape Yacht Club (MAYC), DeGods, Pudgy Penguins, and Bored Ape Yacht Club (BAYC) are the leaders of the NFT world, according to data from Coingecko.
With around 4,326 owners, Azuki NFT is leading the list with a 7.27 ETH floor price and a market cap of 72,690 ETH. The second position was secured by MAYC with 4.48 ETH in floor price, 87,380 ETH market cap, and a 24-hour trading volume of 1,529 ETH.
DeGods NFT project holds the third position with a 24-hour trading volume of 720.79 ETH and a 164,872 ETH market cap. Pudgy Penguins and BAYC are next after DeGods.
About Trump NFTs
The announcement from Trump Digital Trading Cards generated waves in the NFT marketplace.
The Trump Digital Trading Cards NFT project was built in December 2022 and carries over 45K unique items. With 15,350 ETH total volume and 0.2789 ETH in floor price, the NFT project is all set to spark the NFT space soon.
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.