In January, the NFT trading volume recorded a 38% growth from about $700 million in December 2022, according to another report by DappRadar. The current trading volume, $946 million, marks an all-time high since June 2022. NFT sales count also increased from 6.7 million in December to 9.2 million in January, reflecting a 42% growth. What is EMAX In the past, Ethereum has risen and fallen along with Bitcoin, as Bitcoin is still the bellwether when it comes to cryptocurrency. That being said, Ethereum has seen growth as explosive as Bitcoin has, but it also has seen prices plunge just as quickly. Another factor in price is new adoption on different networks that run on top of Ethereum. Because of this, Ethereum is often considered a “catchall” for crypto overall.
The misery of ETH holders has been compounded by reports suggesting the difficulty bomb has been kicked further down the road. On Friday, developers decided to disable the difficulty bomb from earlier in the month, and will deploy it again at a later date. According to the Bloomberg report, developers found some bugs with software for the merge on one of the oldest testnets of the network and thus decided to push back the bomb. When the difficulty bomb does drop, it should help clear out ETH mining operations as the network finally begins transition from transition of ETH from Proof of Work (PoW) to Proof of Stake (PoS). How We Make Money Price (MIN – MAX)