View full page at cryptocraft.com

 

NFT Frenzy Shows Signs of Cooling, But Don’t Call It a Market Crash

From coindesk.com

Non-fungible tokens (NFTs) have sold for millions and drawn the attention of mainstream publications from the New York Times to Vanity Fair. Recently, though, prices for the tokens and their trading volumes have declined, raising questions the sustainability of the NFT frenzy, according to a leading website set up to track the fast-growing corner of the cryptocurrency industry. Is an NFT market crash in the offing? “It almost seems that some have been eagerly awaiting a market correction, to finally prove that NFTs have just been in a bubble,” according to an April 6 blog post on Nonfungible.com. • “The average price ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis