While the crypto space did have a few hiccups this year, NFTs experienced the opposite. In Q3 of 2021 alone, the volume of NFT sales has surpassed $10.7 billion. This is a significant rise compared to previous quarters.
Read CRYPTONEWSLAND onMany industries have been exploring the use cases of NFTs. To name a few, the entertainment and sports industry has begun to fully commit to the NFT market. Athletes, musicians, artists, and sports brands alike are all flocking to this sector.
Slowly but surely, more and more big names are starting to invest in NFTs. Reese Witherspoon is one such star who has just gotten into the NFT hype. The popular actress took to Twitter to share her excitement.
As we can see from the tweet, Witherspoon is excited about her first NFT purchase. She’s looking forward to learning more and is very eager to meet other women in the NFT minting space. In fact, she ends her tweet by encouraging these women to reach out to her.
In comparison to NFTs, the price of Bitcoin and altcoins saw a varying degree of surges. Bitcoin hit an ATH of $64,804.72 in April, according to CoinGecko. After dipping back down to the $30,000 mark, Bitcoin is finally on the rise again.
At the time of writing the price of Bitcoin is at $57,505. Therefore, we can clearly see that the price of Bitcoin is on a steady upward trajectory. More excitingly, this bodes very well with multiple crypto analysts’ predictions about the asset setting a new ATH soon.
In detail, most analysts first expect Bitcoin to hit $100,000 by the end of Q4, 2021. On the other hand, a few other analysts and Bitcoin and crypto believers are expecting the price of Bitcoin to hit $200,000 within Q1 of 2022.
No doubt the next two quarters will be very exciting for Bitcoin and also perhaps for altcoins and NFTs as well. Looks like the crypto community must simply buckle up, stay tuned, HODL, and be vigilant.
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