Opinion: Under what circumstances should you not buy a currency that has risen sharply and then plummeted?
Once the benefits are realized or the expectations corresponding to the benefits disappear, you can no longer continue to participate.
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Once the benefits are realized or the expectations corresponding to the benefits disappear, you can no longer continue to participate.
The crash also triggered a general rout in the crypto space, with more than US$1B in liquidations
The floor price of the Azuki NFT collection has dropped sharply following its recent Elementals mint. While the project raked in $37.5 million during the sale, it has now also reached $34 million in all-time royalties.
Aggregate NFT sales volume in November was less than $400 million.
Ethereum and the rest of the crypto markets are now experiencing yet another crippling calamity.
ETH's price has struggled, declining by 9% over the last 30 days.
Numerous exchanges have listed ETHW. The price has already fallen by more than 50% since its listing.
Why does the algorithmic stablecoin UST experience serious price de-anchoring?
ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it.
Transaction volumes for MAYC, BAYC, and Otherdeed are all down, as is the overall NFT market, which could herald a cooling of the industry as a whole.