NFTs Are Still Trading Low In This New Month – Here’s What Fueling This Downturn
The non-fungible token market has failed to kick off positive momentum as previously predicted. In the past several weeks, industry experts, traders, and creators had predicted the market would retest the hype from this month. But just a few hours into the new month of October, hope seemed further away than ever. In this article, we shall explore what is still pulling the NFT market down. NFT Sales Are Still Down In This New Month Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and non-fungible token explorer backed by Mark Cuban, indicates that the global non-fungible token market is still trading below $20 million, contrary to previous bullish predictions. In the past 24 hours, the NFT market has recorded a trading sales volume of $10 million, up just 2.17% from the past day. During this period, Ethereum-based NFTs are the most-selling NFT collections. In the past 24 hours, the Ethereum-based NFT collection has amassed a trading sales volume of $...