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Is Ethereum’s NFT Edge Strong Enough to Beat Bitcoin in 2025?
The recent decline in non-fungible token (NFT) sales volume has raised concerns about the viability of NFTs as a viable investment opportunity. With the market experiencing an unprecedented 63% quarterly pullback, it is crucial to assess whether Ethereum’s NFT dominance can translate into beating Bitcoin’s performance in 2025.
Recent data reveals that Ethereum continues to maintain its edge in the NFT sector, despite a significant contraction of 58% in monthly sales volume. While this trend has been persistent over the past year, Ethereum’s market performance in Q1 has taken a bearish turn, with a drawdown of approximately 45%. As a result, even staunch crypto advocates have revised their price targets for Ethereum by 60%, citing the inability to break the critical $2,000 resistance zone.
In stark contrast, Bitcoin-based NFT sales have plummeted to an astonishing $291 million in Q1, representing a staggering 79% drop from the previous year. This decline has led to a sharp reevaluation of the digital asset’s prospects, with some experts positing that Bitcoin is losing its competitive edge in the NFT space.
However, Ethereum’s ability to maintain dominance amidst this market downturn may not necessarily translate into it beating Bitcoin’s performance in 2025. With historical data indicating that 98% of NFT collections are barely traded and only 0.2% have been profitable, there is a growing concern about the sustainability of the digital asset class.
Furthermore, it would be premature to write off Bitcoin entirely, as its recent decline may represent an opportunity for investors to capitalize on the dip.
Source: https://ambcrypto.com/is-ethereums-nft-edge-strong-enough-to-beat-bitcoin-in-2025
