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Bitcoin Overtakes Ethereum for First Time in 24-Hour NFT Sales Shift

On November 8, 2023, the Bitcoin blockchain saw its non-fungible token (NFT) asset sales surpass those of the Ethereum platform, marking a historic change over the single-day period. According to analytics provided by cryptoslam.io, Bitcoin-based NFT transactions totaled $17.17 million, surpassing the $15.77 million in Ethereum NFT sales recorded during the 24-hour period.

Bitcoin Eclipse Ethereum NFT Sales Increase in a Day

The trend of Bitcoin NFT transactions has been on an upward trajectory as of late, and just three days ago, Bitcoin.com News highlighted that Bitcoin took second place in NFT sales over the course of a week. For the first time, Ordinal’s subscriptions to Bitcoin, its exclusive brand of NFT, surpassed sales of Ethereum in a 24-hour period on Wednesday.

NFT connoisseur Leonidas, founder of Ord.io, documented this unprecedented on-chain event, marking the occasion when Bitcoin-based NFTs leapt ahead of their Ethereum counterparts for the first time in history. Leonidas said:

   Breaking: Ordinals just invested in Ethereum NFTs for the first time. So of course I had to register it in Bitcoin forever.

Recently, ordinal entries witnessed a notable drop in activity that persisted for over a month. This decline followed an increase in daily mintage; Thereafter, the number of new registrations faced a persistent struggle until October 24. However, the tide has since turned and November 4 saw the second-highest number of registrations in a single day, with a total of 433,471.

Looking at the one-week performance of NFT sales, Ethereum has seen an increase, raising $79.61 million since Wednesday, November 1, 2023, which is a 45.66% increase over the week. previous, as reported by cryptoslam.io. In comparison, weekly Bitcoin NFT sales also saw an increase, showing a 661.60% increase from the previous week, with sales reaching $55.52 million.

On Wednesday, the “$SATS BRC-20 NFT” collection surpassed the Bored Ape Yacht Club (BAYC) series, reaching the top of the sales chart. Behind BAYC, “$RATS BRC-20 NFT” took third place in sales in the last 24 hours. The chances of Bitcoin NFTs taking the top spot next week are slim, as Ethereum already has a $24.09 million lead.
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MultiversX launches strategic partnership with Google Cloud to advance AI and Big Data ambitions in the Web3 world

During an extensive conversation on stage at the xDay Conference, which featured several representatives from leading technology companies, government officials and influential experts, Beniamin Mincu, CEO of MultiversX, and Daniel Rood, Director of Web3 EMEA at Google Cloud, they just announced that they are joining. forces to accelerate the expansion of Web3.

MultiversX’s sharded architecture is capable of scaling over 100,000 transactions per second and has lately been the first choice as a backend solution for real-world applications in various fields. Due to its industry-wide innovations around token standards and smart accounts, MultiversX has been the platform of choice for Europe’s first institutional marketplace for digital assets and for Audi’s platform for virtual reality in cars, holoride, among others.

To help Web3 projects and users gain valuable insights from powerful data analytics and AI tools, BigQuery, Google Cloud’s serverless data warehouse with a built-in query engine, has completed MultiversX network integration. This has the potential to immediately speed up the execution of large-scale, data-first blockchain projects.

“There are exciting opportunities that allow Web3 developers to build and scale faster, and as we explore new verticals in the space, our partnership with MultiversX will allow us to expand our strategy and reach further and solidify our position as a key driver of innovation in the blockchain world.” added Daniel Rood, Director of Web3 EMEA

Additionally, Google Cloud’s participation in the MultiversX network allows ecosystem creators to leverage the full suite of advanced tools and services available on the platform to deliver high performance and scalability to the non-blockchain components of their dApps.

With a strong focus on ecosystem development, the collaboration between the two industry leaders had its first joint initiative at the xDay Hackathon, where hundreds of developers and startups benefit from up to $1 million in prizes and funding, while Google Cloud is the main partner of the Artificial Intelligence track.

“We are excited to introduce this collaboration as part of a strategic plan that aims to expand our ecosystem and provide important opportunities for users and developers. MultiversX is in a unique position with great potential for accelerated growth, and the additional products and services offered by Google Cloud are a key contribution to this.” said Beniamin Mincu, CEO of MultiversX

Google Cloud’s plans to expand to Web3 are one of many pioneering examples in its long history of supporting innovation and technological advancement. Lines of collaboration with MultiversX in the coming months will continue to explore deeper integration and support from the MultiversX network, as well as new ways to help startups grow and scale.

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Technical Analysis of Bitcoin and Ethereum: BTC Maintains High for Close to 2 Months After Strong US Retail Sales

Bitcoin held near a two-month high on Tuesday as markets digested the latest US retail sales figures. Sales, which represent two-thirds of the US economy, rose 0.7% in September, 0.4% more than expected. Ethereum briefly rose above $1,600.

Bitcoin

Bitcoin continued to trade above $28,000 on Tuesday following a better-than-expected increase in US retail sales.

Despite falling from a high of $30,000 on Monday, BTC/USD traded above $28,600 in today’s session.

Although gains have slowed, they are still considerably above yesterday’s low at the $27,855.21 level.

Overall, the recent uptrend means that Bitcoin is trading at its highest rate since August 18, which comes after the Relative Strength Index (RSI) broke through a key resistance level.

The index surpassed the 63.00 ceiling in yesterday’s session, reaching a peak above the 65.00 mark.

Since then, price strength has receded, although it is still slightly above the aforementioned resistance point.

Ethereum

Ethereum (ETH) fell in today’s session after briefly trading above the $1,600 mark for the first time in nearly ten days.

ETH/USD hit a high of $1,628.16 earlier in the week following a tweet from Cointelegraph suggesting that Blackrock’s spot bitcoin ETF was approved.

After these claims were proven incorrect, the cryptocurrency crashed, falling to a low of $1,570.89 today.

As a result of Tuesday’s decline, bears went on a four-day winning streak and could now reach a low of $1,540.

It is clear from the chart that the failure to surpass the 49.00 ceiling on the RSI indicator also contributed to today’s decline.

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Top Coins To Buy As We Enter The Second Half Of 2022

2022 seems to have passed very quickly for most cryptocurrency investors. The market did not perform as expected, but we did not see any big drops. As we enter the second half of the year, there are some opportunities to make some serious money. This is why:

Most of the coins haven't really made it to the top and are still heavily discounted.



The second half of the year could bring a change in fortunes as more investors enter the market.



The general outlook for many coins remains good, even with the drop during the first half of 2022.

So, we decided to create a list of two coins that we think could explode in the latter half of 2022. Here they are:

Polygon (MATIC)

In early 2022, a coin destined for great things was the Polygon (MATIC). Analysts around the world felt that the altcoin would challenge big projects like Ethereum and Solana. This was after MATIC delivered incredible profits to investors a year earlier.

But fast-forward six months to 2022, MATIC has shrunk dramatically. At the moment, it is very difficult to see how the altcoin will live up to the high expectations set earlier in the year. But we think that Polygon and its fundamentals will be good enough to attract more buyers. As such, MATIC can offer growth of up to 4x the current price.

cosmos (atom)

One thing we love about Cosmos (ATOM) is his incredible resilience. Yes, the coin has suffered losses this year. But compared to the rest of the market, it actually managed to avoid big sales.

We also believe that the coin is significantly undervalued, especially when you look at its roadmap and vision for the future. For this reason, ATOM is highly recommended for the rest of the year.