The NFT market is still in deep crisis, with prices far from those of the boom.
Although July is not over yet, only two days are left, so the first conclusions can already be drawn.
The collapse of volumes and prices in the NFT market
The boom of the NFT market occurred during 2021, with the peaks reached in January 2022.
According to the data from CryptoSlam, in January 2021 the total monthly trading volumes of NFTs on the market surpassed 100 million dollars for the first time.
A year later, in January 2022, they had risen to over six billion dollars, or sixty times as much.
After this amazing growth, which lasted a year, a very long bear-market followed, which is still ongoing.
The minimum peak of monthly trading volumes in 2022 in the NFT market was recorded in October, with less than 600 million dollars, which is a drop of more than 90% in less than a year.
However, 2023 went even worse, with a drop to 300 million dollars in September.
At the end of 2023,
We współpracy z: https://en.cryptonomist.ch/2024/07/29/prices-still-falling-for-the-nft-market/
