---Will NFT activity rebound to an all-time high in 2024?---
Monthly NFT (Non-Fungible Token) volumes are poised to achieve a fresh record high as cryptocurrency speculators re-enter the market, showing a preference for leading NFT collections on $ETH , enhanced crypto games, and innovative offerings based on $BTC .
Despite Ethereum's historical dominance with a nearly 50-1 ratio over Bitcoin in primary NFT sales, the Ordinals protocol for Bitcoin and the emergence of layer 2 chains on the Bitcoin network are expected to contribute to a sustained resurgence in Bitcoin network fees.
The ratio of primary NFT issuance between ETH and BTC is projected to converge closer to 3-1 by the end of 2024. Stacks (STX), a smart contract platform secured by Bitcoin, is anticipated to ascend to a position within the top 30 coins by market capitalization, currently positioned at 54th place.
