Exclusive: Market Participants Prefer NFTs from Bitcoin Over Those from Ethereum!

Journalist

• Survey participants’ ⁢penchant for memecoins has been a⁢ major factor ⁢in Bitcoin’s dominance.
• AskFX’s survey contained ⁣some interesting observations ⁤regarding the popularity of Bitcoin NFTs

Bitcoin [BTC] ⁣ ⁢ Recently, NFTs are gaining a lot more traction. AskFX’s exclusive ​survey ⁤found that⁣ investors now prefer Bitcoin NFTs to ‍Ethereum NFTs,⁢ so⁣ it’s worth taking a look at the survey results, including participants’ opinions⁣ on Bitcoin NFTs ‌and the ⁤price targets set⁢ for 2024.

Investor Interest in Bitcoin⁣ NFTs Soars

Bitcoin investors were disappointed after the bullish market trend‌ failed ⁤to return.‌ At the⁣ time⁣ of ‍writing, BTC was trading just below $67,700, down 2% ⁢from the weekly charts. ⁢ It’s still interesting to note that despite ⁤their lukewarm prices, Bitcoin NFTs are a popular choice among⁤ modern investors.

Exclusive to‍ AskFX Reportage The study found that‍ many ​traders are interested‍ in the new domain of Bitcoin NFTs. According to the⁣ same report, 57.8% of market participants prefer to invest in Bitcoin NFTs ⁤rather than Ethereum NFTs. Only 11.8% think that NFTs work⁤ best with Ethereum’s blockchain.

AskFX ​also studied ⁢how BTC ‍ordinals performed. Their demand⁤ and⁣ polarity seemed to be higher than Ethereum NFTs. Dune Analytics reported that BTC ordinals‌ performed better than Ethereum NFTs. ‌ Below are some of the most effective ways to increase your ROI:BTC​ is about to reach 67,000,000 inscriptions. At press time, the fees for its ‍ordinals were as high as $6,829.9662. This is a ⁤commendable ⁣amount.

Memecoins ⁢vs Bitcoin: ‌Where Does the Value Lie?

Bitcoin’s dominance‍ in ‌the⁤ NFT market ‌has not been good for the world’s largest cryptocurrency. The decline in Bitcoin’s dominance in⁢ the market over the past few‌ days ⁣is proof of that.​

AskFX is not just⁤ about Bitcoin Reportage Investors also prefer memecoins over⁤ BTC.‍ In fact, 53.7% ⁢of⁤ survey‍ respondents preferred memecoins ⁣over ‍Bitcoin.

Read‌ more Bitcoin (BTC) Price Prediction 2024–25

Bitcoin’s⁢ sentiment weighted fell dramatically as⁢ it traded ⁢in a tight ⁤price range. The cryptocurrency’s price was ‌affected by the bearish sentiment that followed.

If Bitcoin ‍NFTs remain⁣ as popular as ‌they are currently, it could help push the cryptocurrency’s price ​higher in the coming weeks.