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Cryptocurrency News Articles

The Non-Fungible Token Market Has Tanked Again This Week – What Went Wrong?

May 30, 2024 at 12:53 pm

The non-fungible token market has tanked again this week despite its parent crypto market retesting a short rally. The global NFT market has dropped more than 7%

The Non-Fungible Token Market Has Tanked Again This Week – What Went Wrong?

The non-fungible token market has tanked again this week despite its parent crypto market retesting a short rally. The global NFT market has dropped more than 7% in trading in the past seven days. In this article, we shall explore in depth the state of the non-fungible token market this week and what went NFTs Are Down In Sales Again – What Went Wrong?

The non-fungible token market plunged again in sales volume this week, marking more than four weeks of a downtrend. The global NFT market has lost traction despite the Ethereum ETF approval, which was anticipated to push it upwards. In March, the US Securities and Exchange Commission approved the usage of Bitcoin ETF, the move that set the NFT market on fire. The NFT market is predicted to retest hype once the current memecoin hype fades.

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Other articles published on Aug 02, 2026