Has the NFT "bubble" burst?

 

Has the NFT "bubble" burst?

nft opensea nft meaning nft art nft crypto non fungible tokens solanart binemon opensea nft nft coin binance nft nft token nft market buy nft nfts meaning most expensive nft non fungible nft price nft crypto art nft binance nft meaning art veefriends niftygateway refinable crypto crypto nft nft art coin refinable coin kryptomon logan paul nft hashmasks nft co to coinbase nft nba nft ape nft nfts crypto nft buy nft for sale nfts for sale wazirx nft gamestop nft superfarm crypto stream dungeons nft nft art website nft digital art buy nfts digital art nft buy nft art nyan cat nft superrare nft refinable token non fungible tokens nfts nft opensea axie infinity log in axie infinity update lazy lions nft nft art meaning nft websites nft reddit nfts art nft examples rari coin opensea coin nft nyc nft crypto price nft trading elon musk nft rarity nft axie infinity crypto metapurse nft nba cool cats nft nfts non fungible tokens market axie infinity token nft twitter axie infinity opensea token wwe nft minting nft nft punk jojo nft nft non fungible token opensea app best nft tokens opensea crypto twitter nft nft token price nft minting bigtime nft art nft fungible tokens nft token list non fungible tokens list nft coin price flow nft shiboshi nft best nft damien hirst nft sandbox nft fidenza nft


Not long ago, I wrote a post titled Is NFT overrated at a time NFTs were in their prime, and at that post, I received a variety of different comments and opinions from friends whom I value and respect.
Some of those comments seemed skeptical about the NFT space as a whole, seeing it as a bubble or close to it. While I disagreed with them, there seems to be mounting evidence that they were right. At least, this is what figures and statics have so far to say...

cover.png

Signs of slowing down:

Since the start of March, there have been growing signsy of slowing down in the NFT space. According to market tracker NonFungible, the average sale price of an NFT is now about $2,000, which is down from about $7000 three months ago!
OpenSea's trading volume is down a whopping 67% in the last 30 days and the number of sales has likewise fallen. Something quite clear in the chart below. 
















chart.png




Commentaires