Major cryptocurrency exchange PrimeXBT released its weekly Market Research Report on Tuesday, February 7. Among the report's findings, altcoins have a strong showing, and there are signs of a strong NFT market recovery.
One altcoin that has seen major growth over the last month is FTM. According to the report, the Fantom blockchain now has the third-highest number of active addresses, behind only BNB Chain and Polygon. One month ago, it was not even in the top ten.
Since December 2022, the price of FTM has grown by 200%.
The PrimeXBT Market Research Report also had good news for the NFT market. According to the report, the number of users on Polygon’s version of OpenSea has returned to the bull market levels of September 2021.
Leading altcoin Ethereum also reached a new high this year when it briefly touched $1,700 at a time when BTC growth seems to be stabilizing for the moment.PrimeXBT publishes a weekly Market Research Report. They are a major cryptocurrency exchange with derivatives and leveraged trading options. Read more about it in our PrimeXBT review.