NFT sales in the first five months of this year fell by more than 6% compared with the same period last year
According to DappRadar, NFT sales in the first five months of this year decreased by over 6% compared to the same period last year, to $8.5 billion. In contrast, in January 2022, the industry sold $17.2 billion worth of NFTs in one month, setting a new historical high. Last month, after the US Securities and Exchange Commission took the first step in approving ETF direct investment in Ethereum, investor sentiment further deteriorated. Nicolas Lallement, co-founder of NFT Price Floor, a data tracking company, said that some investors started to turn to Ethereum and sell NFTs before approval. The cryptocurrency market is a capital rotation, and it is foreseeable that Ethereum will continue to attract and absorb market capital and cause prices of other assets to fall.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Future of Finance: 5 RWA Tokens That Could 100X in the Coming Bull Run!

These 4 Crypto Gems Could 10X Your Investment – Don’t Miss the April Surge!

Trump will unlock 40 million tokens on April 18, equivalent to about $413.2 million
Trending news
MoreCrypto prices
More








