Ethereum, the world’s second largest cryptocurrency by market capitalization has recently witnessed a significant spike in buying activity from “smart money” wallets. These wallets, known for their exceptional trading performance, have even demonstrated a remarkable 90% win rate, making nearly every trade they execute highly profitable.
It is possible that the number of traders in the NFT marketplaces has grown significantly over the past year, as more people become interested in NFTs as a new investment opportunity. NFTs have been used to represent virtual real estate, gaming assets, and even social media posts. This has led to an increasing interest in NFTs among a wider audience, including investors, collectors, gamers, and creators.
NFTs are unique digital assets that are indivisible and cannot be exchanged for an equal amount of another asset. They can represent anything from art and music to virtual real estate and other forms of collectibles. Ethereum has emerged as the go-to platform for creating and trading NFTs due to its smart contract capabilities and ability to create complex digital assets.
