found that investors are now actually preferring Bitcoin NFTs over Ethereum NTFs. Hence, it’s worth taking a closer look at what the survey’s respondents feel aboutBitcoin disappointed its investors somewhat after bullish market trends failed to re-appear. In fact, at the time of writing, the king coin was down 2% on the weekly charts, with BTC trading just under $67,700 on the charts.revealed that a significant number of traders are drawn to the emerging domain of Bitcoin NFTs.
AMBCrypto’s report also looked at how BTC ordinals have been doing, as their demand and polarity seemed higher than those for Ethereum NFTs. According to Dune Analytics’, BTC’s total number of inscriptions is about to touch 67 million. Additionally, its Ordinals’ fees were as high as $6,829.9662 at press time – A commendable figure.While Bitcoin may be making waves on the NFT front, it hasn’t been all well for the world’s largest cryptocurrency.
As Bitcoin traded within a tight price range on the charts, its weighted sentiment fell dramatically. Soon after, bearish sentiments took a toll too, with the same having an impact on the crypto’s price action. If Bitcoin NFTs continue to be as popular as they are right now, such popularity might help spur a hike in the crypto’s price over the next few weeks.Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. He is a singer and a guitarist who also enjoys going on long bike rides.