NFT Minting Declines On Hedera, While Price Of HBAR Remains Consolidating
Hedera is one of the most used and suitable enterprise grade blockchain where individuals and other can create powerful dapps on them. It is designed to be more fairer and more efficient system than the previous older blockchain. Hedera has a very unique and novel distributed type technology called Hashgraph. This technology gives Hedera a blockchain an edge in transaction processing. The average transaction cost on the blockchain is around $0.0001.
The blockchain has observed a decline in the overall NFT minted from the past few months. Meanwhile, the account created on the hedera blockchain has also observed a significant decline in the last month. The NFT transfers on the blockchain has remained steady. The TVL of Hedera blockchain has been observing a rise from the month of July and has reached to the high of $32 Million.
Hedera has a total supply of 50,000,000,000 with a market cap of $1.67 Billion. The volume of HBAR has observed a drop of over 14% in the intraday day session. Volume to market cap ratio of the asset price suggests a consolidated trend.
Read More: https://www.thecoinrepublic.com/2023/09/25/nft-minting-declines-on-hedera-while-price-of-hbar-remains-consolidating/
Hedera is one of the most used and suitable enterprise grade blockchain where individuals and other can create powerful dapps on them. It is designed to be more fairer and more efficient system than the previous older blockchain. Hedera has a very unique and novel distributed type technology called Hashgraph. This technology gives Hedera a blockchain an edge in transaction processing. The average transaction cost on the blockchain is around $0.0001.
The blockchain has observed a decline in the overall NFT minted from the past few months. Meanwhile, the account created on the hedera blockchain has also observed a significant decline in the last month. The NFT transfers on the blockchain has remained steady. The TVL of Hedera blockchain has been observing a rise from the month of July and has reached to the high of $32 Million.
Hedera has a total supply of 50,000,000,000 with a market cap of $1.67 Billion. The volume of HBAR has observed a drop of over 14% in the intraday day session. Volume to market cap ratio of the asset price suggests a consolidated trend.
Read More: https://www.thecoinrepublic.com/2023/09/25/nft-minting-declines-on-hedera-while-price-of-hbar-remains-consolidating/
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