Source: Dalle-3
Today, the non-fungible token (NFT) sales volume is up 7.25% to $33,596,036 over the past 24 hours.
Buyers are up 13%, sellers are up 20%, and transactions increased 1%, according to CryptoSlam.
Among the top collections per sales volume over the last 24 hours, Pandora is in first place with $6,748,549.
The best performer in this group is y00ts, with a 1,513% increase. It now stands at $953,492 in fourth place.
The second-best performer is Mutant Ape Yacht Club, rising 594% to $780,584 and to seventh place.
Only two collections among the top ten dropped over the past day: Uncategorized Ordinals (-23%) and Dokyo (-46%).

In NFT news today: Solana’s 24-hour NFT sales volume falls below $1 million, OpenTheta announces an NFT collection, and Pattern Integrity Films moves from GameStopNFT Marketplace to Theta Network.

Solana NFT Sales Volume Drops Below $1 Million

Making waves across NFT news rounds yesterday, operations on the Solana network have resumed following a five-hour outage on Tuesday. The Solana team said it is investigating the root cause.
As previously reported, this has affected the price of the native SOL token, as well as Solana NFT sales volume.
Over the past 24 hours, Solana has dropped nearly 44% to $712,096. This has pulled it down to sixth place by NFT sales volume.
Source: cryptoslam.io
To put this massive shift into context, Solana had – for weeks – been battling Bitcoin for the second place on the list. It had managed to surpass it several times.
Its daily NFT volume would move around $7 million at that time.
Bitcoin is now in second place, behind Ethereum, with nearly $8 million. Polygon follows it with $1.3 million.
Meanwhile, looking at the weekly charts, Solana is in third place despite a 31% drop. It recorded $34.9 in NFT sales volume. This is still significantly lower than Bitcoin’s $64.3 million.
Zooming out further, over the past 30 days, Solana is down 32.5% to $212.3 million, currently in 3rd spot.
But looking at the all-time ranking, Solana follows Ethereum, though with an understandably significant difference in sales volumes.
Source: cryptoslam.io

OpenTheta Announces NFT Collection

OpenTheta, the independent decentralized NFT launchpad and marketplace on the Theta Network, has announced its own NFT project.
The collections will be called Oties.
The pieces are created in collaboration with comic artist Rob Feldman.

We’re thrilled to reveal that we’re launching our very own NFT collection – Oties! 🎨 Featuring incredible art by @itsfeldman and awesome, one-of-a-kind utility.
Stay tuned for more details and the upcoming Whitepaper! #NFTLaunch #Oties #ArtByFeldman 🌟✨ https://t.co/JzvnhEGCQQ
— OpenTheta (@OpenTheta) February 6, 2024

There are currently no details available. The team has announced “incoming” information and whitepaper.
OpenTheta is home to ThetaPunks, ThetaPugs, Legendary Dragons, TraderPunks, and many other collections.
The platform allows users to set up wallets on MetaMask and connect them to OpenTheta with a single click. Users can then use OpenTheta to buy NFTs from creators and receive them directly into their wallets.
Meanwhile, Rob Feldman is a comic book creator, animation producer, and Theta TV streamer. Per the website, he is best known for his print and online creations, Cyko KO and Newgrounds series, Dr. Shroud.
Cyko KO features digital comic books, animated series, an NFT collection, and Web3 games.
And speaking of Thera Network…

Pattern Integrity Films Transitions from GameStop to Theta Network

Following the successful launch of various NFT collections on GameStopNFT Marketplace, Pattern Integrity Films announced its transition to Theta Network native NFT Marketplace ThetaDrop and Theta Web3 Theatre.
Pattern Integrity Films is a Webby Nominated filmmaking team based in the US. They launched their collections on the GameStop NFT Marketplace in Spring 2023. The latter has recently closed.
The team’s move to Theta Network “opens possibilities for more innovative NFT collections and collaborations as well as solidifying its position in the Film3 industry, said the press release shared with Cryptonews.

Thank you @GameStop for the opportunity to develop & launch PROCESS on the @GameStopNFT Marketplace.
While the GSMP is being shuttered, it’s spirit will live on through our docuseries while we transition PROCESS minting over to @ThetaDrop 🖖🛹⚡️https://t.co/IgyMhD3hNq pic.twitter.com/AFE83dEcQE
— Pattern Integrity Films (@pttrn_ntgrty) February 2, 2024

Over the years, Theta Labs has collaborated with major names in the entertainment industry, including The Squad, Bingeable, Toonstar, and CYKO KO.
Meanwhile, Pattern Integrity Films so far introduced NFT collections ‘The Pigs of Film3’ and ‘The JPiGS of Production’.
As Pattern Integrity Films transitions to Theta Network, the community can look forward to exclusive passes granting film credits and token-gated access to Theta Web3 Theatre, the team said.

"This shift allows us to utilize Theta’s digital rights management technology and leverage Theta Theatre for film distribution, significantly enhancing our film distribution capabilities."
— Theta Network (@Theta_Network) February 2, 2024

Solana Price Prediction as Outage Leads to $3 Million in Longs Liquidated – Can SOL Recover?

Source: Midjourney
Solana’s price has declined by 1% in the past 24 hours, dropping to $95.08 after the coin’s network suffered its first outage for almost a year yesterday.
Because of the five-hour disruption, SOL has now declined by 6% in a week, although the alt remains up by 10% in a fortnight and by 300% in the last 12 months.
Its fall yesterday also saw somewhere in the region of $3 million long positions liquidated, something which further heaped the pain on its price.
Yet if Solana can quickly recover from yesterday’s outage and spend another good few months (and longer) without another outage, SOL is likely to rise again sooner or later.

Solana Price Prediction as Outage Leads to $3 Million in Longs Liquidated – Can SOL Recover?

It’s arguably encouraging that SOL hasn’t flinched that much since the outage, with its indicators in middling positions.
For instance, its relative strength index (purple) currently sits at 50, a position from which the coin could just as easily fall further as recover.
Source: TradingView
Its 30-day moving average (yellow) has also flattened out in recent days, which could be a good sign insofar as it isn’t sinking, yet some analysts may argue that it’s on the cusp of a decline.
Indeed, the 30-day has been so far above the 200-day average (blue) for so long that it would seem like the Solana price is due a fall.
Yet supporters may argue that it’s a sign of SOL’s strength that, even with a five-hour outage, it still hasn’t suffered a serious drop in value.
And while the coin’s trading volume has declined from nearly $4 billion at the start of the month to $1.8 billion today, its current level is still far in excess of many other tokens.
It still seems to be attracting whales, with a number of significant transfers from exchanges in the past week or so.
But while its short-term picture still looks good, yesterday’s outage raises the possibility of significant pain to come in the medium- and/or long-term.

We gave Solana the benefit of the doubt a few years ago when it was routinely down. But I don’t see how the market can allow such incompetence to slide now. Send this brokeb centralized VC chain to zero with haste.
— Beanie (@beaniemaxi) February 6, 2024

That is, if Solana suffers another outage in the near future, it could fatally shake confidence in the platform.
That’s because the general narrative was that Solana had turned a corner and improved meaningfully since 2022, when it suffered several outages.
One isolated outage this year is arguably forgivable, but if another follows then the market may not be quite as charitable.
The Solana price would suffer seriously as a result, although for now it may recover to $100 in the next few weeks.

Newer Altcoins with High-Return Potential

Some traders may prefer to leave SOL alone for a while in order to be sure that another outage won’t be happening again anytime soon.
If so, they may opt to investigate newer tokens, with several presale tokens looking very promising at the moment.
One of the most exciting is Bitcoin Minetrix (BTCMTX), a new stake-to-mine platform that has raised more than $10.3 million in its ongoing presale.

Identifying the potential of mining $BTC through #BitcoinMinetrix! 🔍⛏️
Venturing into #Crypto mining effortlessly:
✨ Easy start for newcomers.
💸 Affordable without hardware costs.
🏙️ No concerns about space, noise, or heat.
🔄 Smooth upgrades with zero hassle. pic.twitter.com/PouV3K6EQo
— Bitcoinminetrix (@bitcoinminetrix) February 4, 2024

Running on the Ethereum blockchain, Bitcoin Minetrix will enable users to mine Bitcoin (BTC) by staking its native BTCMTX token.
Users who stake BTCMTX receive tokenized mining credits, which they can then use to pay for Bitcoin mining.
This entitles them to a share in mined BTC, while staking also secures them a regular stream of newly issued BTCMTX.
Bitcoin Minetrix has designed its platform to be easy to use and navigate, and combined with its potential profitability, it’s likely to attract a healthy following.
This is certainly suggested by its successful presale, which investors can still join by visiting the official Bitcoin Minetrix website.

Discovering the advantages of #BitcoinMinetrix:
Seamless accessibility for added convenience. 🌟
Simplified pricing model for improved effectiveness. 🔧
Enjoy peace of mind knowing there are no concerns about reselling. 🛡️ pic.twitter.com/bgRoGoggaM
— Bitcoinminetrix (@bitcoinminetrix) February 6, 2024

They can currently buy BTCMTX at a price of $0.0133 per token, although this will rise to $0.0134 in three days.

Of course, this price could rise even higher once the token lists on exchanges, and if its presale is any indication, it may rally big.