There is no sign of an exuberant party mood: After prices on the crypto market plummeted and demand on the NFT market also dropped significantly, many investors are licking their wounds. Most of the profit expectations have not been fulfilled. A development that was foreseeable for several reasons.
NFT price drop: A bang with an announcement
In January, the NFT market peaked – trading volume rose to US$17 billion, spectacular sales fueled the gold rush mood, investors succumbed to the bewitching lure of quick money. People wanted to ignore the warnings of a bubble, but even then it was clear: it can’t go up forever, at some point it will pop. And that’s it: In October, the trading volume on the largest marketplaces did not reach 300 million US dollars – if you follow the trend of the last few months, the bottom has not yet been found. In addition to the reasons that are troubling the entire global economy – the Ukraine war, supply bottlenecks, Corona, inflation
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