NFT prices take a gut punch as the crypto bear market deepens By Cointelegraph

May 18, 2022


NFT costs take a intestine punch because the crypto bear market deepens

With out fail, crypto has a method of humbling even probably the most confident and this market is certainly not for the faint of coronary heart. NFT traders have entered what seems to be a bear market and the current chaos can be impacting neighborhood morale.

The decline in NFT costs occurred as america Federal Reserve raised rates of interest, Terra’s Luna and UST-based platforms collapsed and merchants got here to phrases with the fact that your complete sector might be in a bear market.

MAYC 30-day flooring worth. Supply: NFTPriceFloor
Otherdeed 7-day market cap. and quantity. Supply: NFTGo
Azuki 7-day transaction and liquidity. Supply: NFTGo
BEANZ 7-day flooring worth. Supply: NFTPriceFloor