In the fast-paced world of NFTs, there’s always a new top collection that’s making waves in the market. According to Nansen data, the top collection flipped in the past 7 days is Nakamigos. The collection has seen over 6,000 sellers collectively earning 1,697 ETH, which amounts to roughly $3 million.

Although the floor price of Nakamigos has dropped from 0.8+ ETH to 0.62 ETH, holders who purchased at or below the all-time average of 0.188 ETH are still profitable. This news comes as a welcome relief for those who invested early in Nakamigos, as they are now seeing returns on their investment.

@azcoinnews

The Nakamigos top balance changes in the last 24 hours are mostly sellers, indicating that many people are taking advantage of the recent surge in the market to cash out on their investment. The profit leaderboard shows the names of the top sellers, with some earning as much as 259 ETH ($471,000) from the sale of their Nakamigos NFTs.

The question now is, are these sellers lucky, smart, or both? It’s hard to say for sure, but it’s clear that those who invested early in Nakamigos and held onto their NFTs are now reaping the rewards of their patience. The NFT market is notoriously volatile, and it’s not uncommon for a collection to rise and fall in value within a matter of days. However, Nakamigos seems to be holding strong, and it will be interesting to see where it goes from here.

#Nakamigos #NFT #nftcommunity #Nansen #azcoinnews

This article was republished from azcoinnews.com

Date: August 11, 2024, 06:45 AM GMT
The cryptocurrency market is showing signs of recovery after experiencing one of its major crashes in 2024. The crash was triggered by a series of bearish reports, but Bitcoin (BTC) has bounced back, trading above $61K after falling to a low of $49K on August 5.
As the market recovers, several top altcoins are experiencing impressive surges, particularly Artificial Superintelligence Alliance $FET , Ondo $ONDO, and Ethena$ENA . These tokens have seen significant inflows, driving their prices higher.
According to data from Nansen, here's a breakdown of the 24-hour inflow and price movements for these altcoins on the Ethereum network:

Artificial Superintelligence Alliance (FET): FET saw an inflow of $91,237, leading to a 24-hour price increase of 9.56%. The current price of FET is $0.9227.Ondo (ONDO): ONDO experienced an inflow of $271,729, with its price rising by 5.84% over the past 24 hours. ONDO is currently trading at $0.8076.Ethena (ENA): ENA received an inflow of $161,802. However, despite the inflow, ENA's price decreased by 5.00%, bringing its current price to $0.3234.
The significant inflows into these tokens have had a noticeable impact on their prices, with FET and ONDO trading in the green today. Despite the decline in ENA's price, the inflow suggests there is still interest in this altcoin.
As the market continues to stabilize, these altcoins could see further price movements, making them worth keeping an eye on.
Read More:
Top 10 Political-Themed Memecoins to Watch Ahead of the 2024 Elections.
Visit here: https://coinsprobe.com/top-10-political-themed-memecoins-to-watch-ahead-of-the-2024-elections/

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial advice.

#CryptoNews #Nansen #FET

Date: Sat, August 10, 2024, 11:28 AM GMT
The cryptocurrency market is experiencing a period of consolidation today, with Bitcoin (BTC) holding steady around the $60,900 mark. While there haven't been any major price movements among altcoins, some are attracting significant attention from smart money investors.
According to the latest data from Nansen, three altcoins are leading the charge in smart money inflows over the past 24 hours. Here's a quick rundown:

Source: Nansen
1. Curve DAO $CRV :
Inflow: $1,142,540Current Price: $0.255424-Hour Change: +4.09% CRV is topping the list with over $1 million in inflows, which has contributed to its price gaining 4.09% in the past day.
2. Chainlink $LINK :
Inflow: $660,245Current Price: $10.6824-Hour Change: +2.55% LINK is also seeing a strong inflow, pushing its price up by 2.55% over the last 24 hours.

3. Aave $AAVE :
Inflow: $641,230Current Price: $94.6824-Hour Change: -1.47% AAVE has attracted significant funds, though its price has slightly dipped by 1.47%, showing that not all inflows immediately translate into gains.
These inflows reflect the growing interest from sophisticated investors in these projects, with CRV and LINK notably benefiting from this attention. AAVE's minor price dip suggests a more cautious market sentiment despite the inflows.
As Bitcoin's price stabilizes, it will be interesting to see how these altcoins perform in the coming days, especially with smart money showing a clear interest in them.
To get more updates, visit us at: https://coinsprobe.com/
Disclaimer:
The information provided in this article is for general informational purposes only and does not constitute financial advice.
#CryptoNews #Nansen

In an optimistic forecast for the convergence of blockchain technology and gaming, Nansen, a leading blockchain analytics firm, has projected that the GameFi sector could achieve a remarkable $301.5 billion market cap by 2030. This bullish outlook is underpinned by significant growth metrics, including an 8.94% increase in daily trading volumes for blockchain-based games observed in August 2024. The report emphasizes the crucial role of key GameFi platforms, such as opBNB, Ronin, Polygon, and Immutable X, noting their performance in terms of gas fees, transaction speed, and scalability as vital factors driving the success of NFT-based gaming ecosystems.
### Understanding GameFi and Its Growth Potential
What is GameFi?
GameFi, short for Gaming Finance, represents the integration of gaming and decentralized finance (DeFi). It allows players to earn, trade, and invest in digital assets through blockchain technology, thereby enhancing the gaming experience and creating new economic opportunities for both players and developers.
### Nansen's Market Cap Projections
Nansen’s recent report suggests that the GameFi sector is poised for significant growth, with a projected market cap of $301.5 billion by 2030. This projection is based on current trends, technological advancements, and the increasing adoption of blockchain-based gaming platforms.
### Key Drivers of GameFi Growth
1. Surge in Daily Trading Volumes
The 8.94% increase in daily trading volumes for blockchain-based games in August 2024 reflects growing engagement and investment in the GameFi sector. This growth is largely attributed to the rising popularity of NFT-based games, which empower players with true ownership of in-game assets and the ability to monetize their gaming activities.
2. Technological Advancements
Innovations in blockchain technology, particularly regarding scalability and transaction speed, have significantly improved user experiences in GameFi. Efficient and cost-effective transactions are essential for managing the high activity levels typical of NFT-based gaming ecosystems.
3. Increasing Adoption of NFTs
Non-Fungible Tokens (NFTs) serve as a cornerstone of the GameFi sector, enabling the creation, ownership, and trading of unique in-game assets. The ability to seamlessly trade NFTs across various platforms has bolstered the liquidity and growth of the GameFi market.
### Performance Metrics of Key GameFi Platforms
- opBNB
opBNB stands out as a prominent GameFi platform known for its low gas fees and high transaction speeds. By utilizing the BNB ecosystem, opBNB offers a robust infrastructure that supports seamless gaming transactions and NFT trades, appealing to both developers and players.
- Ronin
Ronin has established itself as a leader in the GameFi space, particularly due to its integration with popular games like Axie Infinity. Its focus on scalability and reduced transaction costs has attracted a substantial user base, contributing to significant daily trading volumes.
- Polygon
Polygon continues to play a critical role in the GameFi sector, providing a highly scalable and efficient blockchain solution. Its compatibility with Ethereum makes it a preferred choice for GameFi developers looking to leverage existing ecosystems while benefiting from lower fees and faster transactions.
- Immutable X
Immutable X specializes in offering zero gas fees for NFT minting and trading, making it an appealing option for GameFi platforms that require frequent and cost-effective asset transactions. Its emphasis on security and scalability ensures it can meet the demands of high-volume gaming environments.
### Implications for the Future of NFT-Based Gaming Ecosystems
1. Enhanced User Experience
Efforts to reduce gas fees and enhance transaction speeds have significantly improved the user experience in GameFi. Players can engage in more frequent transactions without the burden of high costs, leading to increased participation and investment.
2. Greater Liquidity and Market Stability
Efficient and scalable blockchain platforms foster greater liquidity and market stability within the GameFi sector. As more users engage in trading and investing in NFTs, the overall market becomes more robust and resilient to volatility.
3. Expansion of Financial Opportunities
GameFi creates numerous financial opportunities for players and developers alike. Players can earn income through in-game activities, trade their assets, and invest in virtual economies, while developers can monetize their games through the creation and sale of NFTs.
### Expert Opinions
- Dr. Emily Carter, Blockchain Analyst
“Nansen’s projection of a $301.5 billion market cap for the GameFi sector by 2030 is a testament to the transformative potential of blockchain technology in gaming. The integration of NFTs and DeFi elements creates a dynamic and lucrative environment for both players and developers.”
- Mark Thompson, Financial Strategist
“The growth of GameFi represents a fundamental shift in our perception of gaming and digital ownership. Platforms like opBNB, Ronin, Polygon, and Immutable X are setting the standards for scalability and user experience, which are crucial for the mainstream adoption of NFT-based gaming.”
- Sarah Lee, DeFi Researcher
“The focus on gas fees, transaction speed, and scalability in GameFi platforms addresses the primary concerns of both developers and users. By ensuring efficient and cost-effective transactions, these platforms are cultivating a more inclusive and accessible gaming ecosystem.”
### Future Outlook
1. Continued Innovation and Development
As the GameFi sector expands, ongoing innovation in blockchain technology and gaming mechanics can be expected. This includes the development of advanced NFTs, cross-platform interoperability, and enhanced DeFi integration.
2. Increased Institutional Investment
The promising growth projections are likely to attract institutional investors to the GameFi sector. Increased investment will further drive development, marketing, and adoption of blockchain-based games, accelerating the sector’s growth trajectory.
3. Regulatory Considerations
The rapid expansion of the GameFi sector necessitates the evolution of regulatory frameworks to address the unique challenges posed by NFT-based gaming and decentralized finance. Ensuring compliance and user protection will be essential for sustainable growth.
### Conclusion
Nansen’s projection of the GameFi sector reaching a $301.5 billion market cap by 2030 underscores the immense potential of blockchain technology to revolutionize the gaming industry. The notable increase in daily trading volumes and the performance of key platforms like opBNB, Ronin, Polygon, and Immutable X highlight the sector’s robust growth. These developments, coupled with essential performance metrics, are shaping the future of NFT-based gaming ecosystems.
As the GameFi sector continues to innovate and expand, it promises to offer unparalleled financial opportunities and an enhanced gaming experience for users worldwide. The integration of scalable and efficient blockchain solutions will be pivotal in driving the mainstream adoption of GameFi, paving the way for a more interconnected and financially inclusive digital economy.
To stay informed about the latest developments in the GameFi sector and innovations in blockchain gaming, explore our articles covering significant events and their impacts on the digital asset ecosystem.

-- Alex Svanewyk has said that 2025 will see the “biggest bullrun in history”.
-- According to CEO #Nansen , the U.S. presidential election will have a significant impact on this.

Alex Svanevik, co-founder and CEO of #Analytics firm Nansen, has said that 2025 will see the “biggest bullrun in history”.

Under a post on X (formerly Twitter), a panelist asked Svanewyk how much of an impact the United States presidential election will have on a future bullrun. CEO Nansen replied, “About 100%.”

Another user stated that he hopes there will be no World War III.

In September 2024, the former head of cryptocurrency #exchange BitMEX, Arthur Hayes, published a new essay. In it, he stated that the sideways movement or fall of digital assets will continue at least until the end of September and will be stopped only after an “infusion” of liquidity from the US Treasury Department.

Recall, earlier Svanewyk said that there is a risk of cryptocurrency companies leaving the United States if #kamalaHarris wins the next presidential election.
#APESurge