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NFT Market Makes a Comeback Following the 10-Month Bear Market
Summary: According to Cointelegraph, data from NFTGo showed that the number of non-fungible token (NFT) holders grew 32.24$ over the past three months. NFTs have grown in prominence over the past two years, thanks to the involvement of artists and celebrities. NFT investors suffered losses in the aftermath of the 10-month bear market, but despite this, ...
According to Cointelegraph, data from NFTGo showed that the number of non-fungible token (NFT) holders grew 32.24$ over the past three months.
NFTs have grown in prominence over the past two years, thanks to the involvement of artists and celebrities. NFT investors suffered losses in the aftermath of the 10-month bear market, but despite this, the market has shown signs of a return.
Data by NFTGo has shown a steady growth in the performance of blue-chip NFT collections since September 12. In addition, the number of NFT holders grew 32.24%, following a market cap spike of nearly 16.5% on September 20.
Ethereum Name Service currently contributes the highest volume of NFT holders at 9.25%, followed by popular NFT collections such as Bored Ape Yacht Club and Otherdeed.
Despite growth, current NFT market sentiment remains cold as investors are still trying to recover from previous losses.
Author: Katie Lin
Tags: bear market,blue-chip NFT collections,NFTs
Link: NFT Market Makes a Comeback Following the 10-Month Bear Market [Copy]
