2023-01-26
January 2023 sees an Opensea sales volume rebound. According to
Dune, Opensea monthly reached its lowest in November 2022 with trading volume
of $252 million worth of Ethereum. In Jaunary 2023 Opensea monthly volume
rebound to $363 million worth of Ethereum.
Overall cryptocurrency market rebound too, where Bitcoin price went
from its lowest at $15,709 to $23,226 on January 26, 2023.
Chart shows Bitcoin price rebound.
The number of Opensea users on Ethereum network keep
increasing.
December 2022 Opensea has 2.4 million users, increased from 900k users
in December 2021.
January 2023 Opensea has 2.5 million users, increased from 1 million
users in January 2022.
Cryptocurrency prices and NFT trading volume rebound is a positive
sign for investors and crypto enthusiasts. However, this is just early rebound.
In order for cryptocurrency prices and NFT prices to go uptrend. The prices need
to be sideway strongly that they will never go down again. The best signal for
the end of bottom is accumulation phase shows on the chart.
