NFT Market Records Decreasing Number Of Buyers – Is The NFT Hype Dying?
The last few months have been turbulent for the NFT market, and the numbers point to a sluggish trend in terms of interested buyers. The number of unique non-fungible purchases fell below 800,000, snapping a three-month trend, in what data aggregator CryptoSlam refers to as a “mini-bear market.” According to CryptoSlam data, the number of unique NFT buyers decreased by 13% in February from the previous month’s record. This is the first time since October that buyers will go below the 800,000 level. Related Article | NFT Vs. DeFi: NFT Activity On Ethereum Rises While....
Related News
For the participants at the Bitcoin-related conference “Blockchain: Money,” the prevailing sentiment was pretty clear; the hype around the word blockchain is dying down and Bitcoin is coming back in a big way. This was evident in many of the well-known speakers’ presentations on the status of the industry. Blockchain hype giving way to the “OG” at packed....
Dogecoin and Shiba Inu have not had the best couple of weeks so far. Both coins have seen continuous dips that have left their prices down below their all-time highs. With the hype around meme coins dying down, it is no surprise that this has been the case. Dog coins have continued to flood the […]
A DappRadar report found that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55%. Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains.The Metaverse sector has been hit with a fair amount of negative press as of late, particularly around suggested low user activity across certain platforms, such as Decentraland and Meta — reports which they have refuted. DappRadar....
Bitcoin has jumped up by about $7. Yesterday, it was hovering near the $233 range after it dropped from about $245. The digital currency had experienced a healthy surge during the recent week, but was undoubtedly wounded by the hacking attacks and other malicious activity that occurred over the weekend. Now it's likely that some of that angry, negative hype is dying down. The media had gotten their hands on these stories and reported them to death, and now enough time has gone by for people to marginally forget about what's happened. Furthermore, those affected by the cyberattacks are now....
The battle between meme coins Dogecoin and Shiba Inu is bordering on legendary at this point. Like with any great rivalry, both these digital assets had pushed each other to their very best. However, with the hype around meme coins dying, both of them eventually bowed out as their prices crashed. Both have returned massive […]