Investors favor Bitcoin NFTs over Ethereum NFTs

AMB Crypto reported on Feb. 2 (local time) that its own survey showed that 57.8% of market participants prefer Bitcoin NFTs to Ethereum NFTs. While Bitcoin's market dominance has declined due to the growing preference for memecoin, Bitcoin NFTs are becoming increasingly popular among investors, the firm said.

According to AMB Crypto, 57.8% of respondents said they would rather invest in Bitcoin NFTs than Ethereum NFTs, while only 11.8% thought NFTs were suitable for the Ethereum blockchain. The demand and popularity of Bitcoin audiences is higher than Ethereum NFTs. According to Dune Analytics data, the total number of Bitcoin inscriptions is nearly 67 million.

While Bitcoin has gained traction in the NFT space, its market dominance has recently declined. According to an AMB Crypto report, investors are favoring Memecoin over Bitcoin. 53.7% of respondents said they preferred Memecoin. AMB Crypto analyzed that Bitcoin NFTs have the potential to contribute to the price of Bitcoin if they remain popular.