Category : NFT

Is the NFT market crashing?

The NFT market certainly isn’t what it used to be, that’s for sure. It used to be worth well over $15B, and now it’s somewhere around the $3B area. It’s a massive drop-off for sure, but that doesn’t mean NFTs are gone forever. Cryptocurrency and anything associated with it (including NFTs) tends to run in cycles, and this just so happens to be the downturn.

It’s what others would call a “bear market”, but it’s not like we haven’t been here before. Bitcoin has gone through several bear markets already, only to come back stronger than it was before. Thankfully, that could be precisely what we have in store for the NFT market this time around.