Over the past two years, nonfungible tokens (NFTs) gave the crypto ecosystem the boost it needed to grab mainstream attention — owing to the involvement of prominent artists and celebrities. However, despite the enormous losses suffered by NFT investors following the ongoing, 10-month-long bear market, the ecosystem showed sustainable signs of a comeback in the last two weeks.
Since Sept. 12, the performance of blue-chip NFT collections witnessed a steady growth, inching back toward the 10,000 Ether (ETH) that was lost in mid-August 2022, according to data by NFTGo.
On Sept. 20, the market capitalization, which is derived from the floor price and the trading price of NFTs, spiked nearly 16.5% at roughly 11.25 million ETH.
Reciprocating the market cap breach of the 11 million ETH mark for the first time in three months, the number of NFT holders grew 32.24% along the same timeline, as shown above.
Ethereum Name Service (ENS) currently contributes the highest volume at 9.25%, which is followed by popular NFT collections such as Bored Ape Yacht Club and Otherdeed.
However, current market sentiment — calculated based on volatility, trading volume, social media and Google trends — remains cold as investors try to recoup their previous losses.
Related: Post offices adopting NFTs leads to a philately renaissance
NFT marketplace OpenSea launched the OpenRarity protocol to verify the rarity of NFTs within its platform.
The protocol aims to provide a reliable “rarity ranking” that would assist investors when considering purchasing NFTs.
F*ckin’ remarkable things here. I’m very glad to see your article. Thanks a lot and i’m looking forward to contact you. Will you please drop me a e-mail?
I am impressed with this site, rattling I am a fan.
I was recommended this blog via my cousin. I’m now not certain whether this submit is written by way of him as no one else realize such distinctive approximately my difficulty. You’re amazing! Thanks!
Thank you for sharing with us, I think this website truly stands out : D.
I’d incessantly want to be update on new content on this internet site, saved to fav! .
I’ve recently started a site, the info you offer on this web site has helped me tremendously. Thank you for all of your time & work.
Well I truly enjoyed studying it. This information procured by you is very practical for accurate planning.
Perfect work you have done, this internet site is really cool with superb information.
Hi my family member! I wish to say that this article is amazing, great written and come with approximately all significant infos. I would like to look extra posts like this .
I’ve recently started a blog, the info you offer on this site has helped me tremendously. Thanks for all of your time & work.
Hi, Neat post. There is a problem with your website in internet explorer, would check this… IE still is the market leader and a good portion of people will miss your fantastic writing because of this problem.
I have been reading out many of your stories and i can state pretty good stuff. I will surely bookmark your site.
You have brought up a very good details, thanks for the post.
Whats up! I simply would like to give an enormous thumbs up for the good information you might have right here on this post. I shall be coming back to your blog for more soon.
But wanna remark that you have a very nice site, I like the design it really stands out.
I always was interested in this subject and stock still am, regards for posting.
I?¦ve recently started a web site, the information you provide on this web site has helped me tremendously. Thanks for all of your time & work.
I was studying some of your blog posts on this internet site and I think this site is rattling instructive! Keep on putting up.
You actually make it seem really easy together with your presentation but I find this topic to be really one thing that I feel I might by no means understand. It sort of feels too complex and very large for me. I am taking a look forward on your next submit, I will try to get the cling of it!
Very fantastic visual appeal on this internet site, I’d value it 10 10.
you have a great blog here! would you like to make some invite posts on my blog?
Some genuinely nice stuff on this web site, I like it.
I believe this is among the so much important information for me. And i’m glad studying your article. But want to statement on some normal issues, The site taste is ideal, the articles is truly nice : D. Just right job, cheers
Normally I do not read article on blogs, but I wish to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, very nice article.
Glad to be one of several visitants on this awe inspiring internet site : D.
Awsome info and right to the point. I am not sure if this is really the best place to ask but do you folks have any ideea where to hire some professional writers? Thank you 🙂
I’d constantly want to be update on new blog posts on this site, bookmarked! .
Very interesting subject , thanks for putting up.
Awesome website you have here but I was wondering if you knew of any user discussion forums that cover the same topics discussed in this article? I’d really like to be a part of group where I can get responses from other knowledgeable individuals that share the same interest. If you have any recommendations, please let me know. Thank you!
Thank you for some other informative web site. The place else may just I get that kind of info written in such a perfect means? I’ve a undertaking that I’m simply now working on, and I have been on the look out for such information.