Ethereum

Coin

<ul class="news-points"> 
 <li>Nansen data suggests the possibility of a bottom in the NFT bear market.</li> 
 <li>Ethereum NFTs minted in June 2023 reflected a 48% increase from the previous month.</li> 
 <li>May 2023 marked the lowest Ethereum NFT mints have been since June 2021.</li> 
</ul> 
Information from Nansen, the blockchain data and research platform, suggests the possibility of a bottom in the NFT bear market. In a tweed report, <a href="https://coinedition.com/nansen-market-capital-for-ethereum-nfts-reach-11-3-billion/">Nansen showed that 752 Ethereum NFTs</a> were minted in June 2023, reflecting a 48% increase from the previous month. May 2023 marked the lowest <a href="https://coinedition.com/nft-lending-soars-in-january-polygon-overtakes-ethereum-nfts/">Ethereum NFT mints</a> have been since June 2021. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ethereum NFT mints in May were the lowest they've been since June '21. But last month there was a 48% increase! – 54% are in profit – 39% are valued less than mint price – 7% are dead Total Ethereum NFT mints in June: 752 Was May the bottom? <a href="https://t.co/fnfgBtAPKp" target="_blank" rel="nofollow">pic.twitter.com/fnfgBtAPKp</a>— Nansen 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9ed.png" alt="🧭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@nansen_ai) <a href="https://twitter.com/nansen_ai/status/1677287650364129282?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 7, 2023</a>
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Out of the 752 Ethereum NFTs minted in June, Nansen data shows that 58% are in profit while 39% of them are valued less than their mint price. The remaining 7% no longer exists.&nbsp; 
Nansen’s June data on Ethereum NFTs reflects a bullish market in sharp contrast to what has been for the past two years. Most of t…
The post <a rel="nofollow" href="https://coinedition.com/ethereum-nfts-minting-data-suggests-bear-market-bottom-in-place/">Ethereum NFTs Minting Data Suggests Bear Market Bottom in Place</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Ethereum NFTs Minting Data Suggests Bear Market Bottom in Place

Coin Edition

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