Cool Down in the NFT Market
It is reported that according to NFTGo data, the current NFT market sentiment index is 36, with a rating of \”Cool\”. In the past 24 hours, there are 15538 buyer…
It is reported that according to NFTGo data, the current NFT market sentiment index is 36, with a rating of “Cool”. In the past 24 hours, there are 15538 buyer addresses and 16214 seller addresses in the NFT market. The number of profitable addresses in the past 30 days is 122303, and the number of loss-making addresses is 380577.
The current NFT market sentiment index is 36, and the rating is “Cool”
Interpretation of the news:
The digital world had been buzzing about NFTs (non-fungible tokens) for the past few months, with many people buying and selling unique digital assets worth millions. However, NFTGo data suggests a cooling down period for the NFT market as the current sentiment index is at 36, with a rating of “Cool.”
The sentiment index is a measure of market sentiment, which takes into account factors such as price, volume, and social media chatter. A lower sentiment index indicates that the market is bearish, while a high score suggests a bullish outlook. Hence, the current score of 36 reflects a cooling down in the NFT market after months of high activity.
In the past 24 hours, NFTGo has reported 15538 buyer addresses and 16214 seller addresses in the NFT market. This indicates that there are still many people interested in buying and selling NFTs, but not at the level seen in the past few months. The number of profitable addresses in the past 30 days is 122303, and the number of loss-making addresses is 380577. These figures indicate that a significant number of investors are still making a profit, but there is also a higher number of individuals who are experiencing losses.
The NFTGo data suggests that the NFT market is stabilizing after months of high activity. As the market cools down, we may see more realistic valuations of digital assets and a focus on quality over quantity. The cooling down period may also provide an opportunity for investors to enter the market at a lower cost, as prices continue to stabilize.
In conclusion, the NFT market is cooling down, as reflected by the NFTGo sentiment index of 36. Although there are still many buyers and sellers, the number is lower than the peak seen in the past few months. Investors are still making profits, but losses have increased in number. This cooling period may provide an opportunity for investors to enter the market at a lower cost, as valuations stabilize.
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