The non-fungible cryptoย token market data analysis shows that the monthly trading sales volume of memeย cryptocurrencies and non-fungible cryptoย tokens hosted on the flagship blockchainย tech network โBitcoinโ has exponentially pumped higher in the past plentyย of weeks.
Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) Become Second Most Traded NFTs
Reportsย by CryptoSlam, an on-chain market data aggregator, the monthly volumeย ofย trading of non-fungible cryptoย tokens and memeย cryptocurrencies hosted on Bitcoinย (BTC) increased in May, surpassing Non-Fungibleย Tokenย (NFT) trading sales volume in Solana.
In the past 30ย days, BTCโs Ordinal volumeย ofย trading has amassed greaterย than $170 Million, outperforming Solanaย (SOL) which attracted only $55 Million over the same period. Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) stand in Second place behind the dominant chain Ethereumย (ETH), which has recorded $391 million.
During this period, the trading sales volume of Bitcoin-based Non-Fungibleย Tokenย (NFTs) has surged greaterย than 400%. Ethereumย (ETH) and Solana-based non-fungible cryptoย token hasย decreased by 27 percent and 40 percent over the same period. Mythos chain Non-Fungibleย Tokenย (NFTs) have pumped 15%, amassing $15 million.
Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) came into the spotlight earlier this year after Bitcoinย (BTC) developer Casey Rodarmor inscribed Non-Fungibleย Tokenย (NFTs) using Satoshiโs Ordinal theory. Inย contrastย toย Solana (SOL) and Ethereumย (ETH), Ordinals calls its Non-Fungibleย Tokenย (NFTs) โdigital artifacts,โ with others in the Bitcoinย (BTC) space calling the digital investment simply โinscriptions.โ
Everย since, Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) have attracted mainstream adoption amongย the cryptocurrency community, with greaterย than 1 Million now inscribed. Bitcoinย (BTC) Frogs has been the top Non-Fungibleย Tokenย (NFT) collection competing with Ethereumย (ETH) Non-Fungibleย Tokenย (NFTs) like Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs.The Non-Fungibleย Tokenย (NFT) collection has raised over $40 Million in volumeย ofย trading betwixt April 23 and May 24.
Bitcoinย (BTC) Non-Fungibleย Tokenย (NFT) Ecologicalย system Continues To Evolve
The Bitcoinย (BTC) Non-Fungibleย Tokenย (NFT) ecologicalย system is rapidly evolving and comesย after Ethereumย (ETH) footprints, which have already reached plentyย of milestones. Ethereumย (ETH) has made it possible to set the standard for fungible cryptoย tokens on its network. Ethereumย (ETH) Request Comment โERC-20โ allows developers to create smart contracts-enabled tokens.
The BRC-20 cryptoย token is an experimental fungible cryptoย token standard built using the Bitcoinย (BTC) network. It has harbored hype for Memeย Coin coin, speculative cryptocurrency whose price action is fueled by certain enthusiastic communities. ORDI, PEPE, and MEME are perfect examples of BRC-20.
In recent weeks, BRC-20 has gained mainstream adoption, surpassing the $1 Billion mark as of the 1st half of May. The BRC-20 has a current marketย capitalization of $450 Million. Numerous investors are positiveย tendency about Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) and believe they canย potentially outperform Ethereumย (ETH) Non-Fungibleย Tokenย (NFTs) in the future.
How To Buy Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) โ Five-Step Guide
First, as an Non-Fungibleย Tokenย (NFT) investor, you mustย haveย a cryptocurrency wallet and load it with some Bitcoin. Magic Eden and MetaMask are some of the marketplaces offering Bitcoinย (BTC) inscriptions. As with Ethereumย (ETH) Non-Fungibleย Tokenย (NFTs), floor prices and volume are good indicators of which Ordinals collections are asย ofย now in demand.
How to buy your 1st Bitcoinย (BTC) Ordinal:
Here is an simple 5-step guide without unnecessary details ๐งต๐
(1/11) pic.twitter.com/jRLkCWTz2w
โ wale.swoosh ๐ณ (@waleswoosh) May 22, 2023
The buy process for Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) is similar to that of Ethereumย (ETH) Non-Fungibleย Tokenย (NFTs). Lastly, pick an Ordinal within your preferred Non-Fungibleย Tokenย (NFT) collection, and click โbuy now.โ Itโsย notableย that transactions on Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) may take longer than in Ethereumย (ETH) Non-Fungibleย Tokenย (NFTs). Consequently, Non-Fungibleย Tokenย (NFTs) canย potentially take some time before appearing in your wallet.
Explore The Best Bitcoinย (BTC) Non-Fungibleย Tokenย (NFTs) With Launchpad
Launchpad is a new analytic platform helping users to discover the most successful non-fungible cryptoย token like Bored Ape Yacht Club, Mutant Ape Yacht Club, or CryptoPunk. The platform offers its users comprehensive analysis and insights before choosing an Non-Fungibleย Tokenย (NFT) portfolio.
Forย example, users may use the platform to locate every listed Non-Fungibleย Tokenย (NFT) investment on any marketplace, find underappreciated and developing Non-Fungibleย Tokenย (NFTs), construct an Non-Fungibleย Tokenย (NFT) gallery, obtain unique bargains on Non-Fungibleย Tokenย (NFT) purchases, and stake Non-Fungibleย Tokenย (NFTs). The platform isย still in its early stage and has over $500,000 from its LPX cryptoย token presale.
