A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs.
NFT Sector Faces Uncertain Path as 2024 Bull Run Bypasses It
As highlighted in nftevening.com’s 2024 report, the once-celebrated future of digital ownership, the NFT market, is currently grappling with significant hurdles. The report scrutinized over 5,000 NFT collections and around 5 million transactions to assess the present state of the market.
A staggering 96% of NFTs were deemed “dead,” meaning they exhibited zero trading volume, minimal 7-day sales, and were practically non-existent on social media platforms like X. This unsettling revelation underscores the market’s volatility and the uncertain standing of numerous NFT projects.
Additionally, the report sheds light on the financial strain experienced by NFT investors, with more than 43% of holders finding themselves in the red. On average, these investors have faced a 44.5% dip in their investments. Notably, the lifespan of an NFT now averages just 1.14 years, which is noticeably shorter than that of traditional crypto asset projects.
This brevity indicates NFTs’ struggle to retain long-term value, further contributing to the market’s overall instability. Bitcoin.com News reported that NFT sales have fallen by 41.36% compared to July, with July’s digital collectible sales being 36.6% lower than those in June.
Moreover, nftevening.com’s analysis highlights a stark contrast in the profitability of different NFT collections. While some, like the Azuki collection, have thrived thanks to strong community engagement and savvy marketing, others, such as the Pudgy Penguins collection, have plummeted, with holders suffering a 97% drop in value.
The future of NFTs remains uncertain, leaving us to wonder if they’ve truly reached their lowest point. While other areas within the crypto and blockchain space have experienced growth during the 2024 bull run, NFTs have unfortunately trended in the opposite direction, with a steady decline since the year’s onset. According to Cryptoslam.io metrics, however, NFT sales have settled a total value of $66.128 billion in sales.
What do you think about nftevening.com’s NFT analysis? Share your thoughts and opinions about this subject in the comments section below.
7eamcgbA篁to6:识别号Telegram官网https://www.telegramis.comtelegram中文版官方网站https://www.telegramis.com
3rdblytU骧ex6:识别号TG中文版网站https://www.telegramis.comtelegram中文版网站https://www.telegramis.com
0akniceD贡8p9:识别号telegram电脑网站https://www.telegramem.comTG中文版网站https://www.telegramis.com
9eaxjlhM睇xb5:识别号Telegram中文电脑官方网站https://www.telegramem.comTG中文版官方网站https://www.telegramis.com
4nepidyD焘ii8:识别号Telegram中文电脑版官方网站https://www.telegramem.comtelegram中文网站https://www.telegramis.com
6tgxfoeS溶ak3:识别号telegram电脑版官网https://www.telegramem.comtelegram中文官方网站https://www.telegramis.com
4yaepfrW严gf7:识别号Telegram中文电脑版官网https://www.telegramem.comTelegram中文电脑版网站https://www.telegramem.com
7hfcvszO昶ni2:识别号Telegram电脑版https://www.telegramem.comtelegram电脑版网站https://www.telegramem.com
9urdkyjX备ry0:识别号telegram中文官方网站https://www.telegramis.comtelegram中文版官网https://www.telegramis.com
can i get clomid for sale clomid tablets uses in urdu clomiphene pills at dischem price how can i get generic clomiphene pill can i get cheap clomiphene clomid tablets for sale where buy clomid price
This is a question which is near to my fundamentals… Numberless thanks! Unerringly where can I upon the connection details in the course of questions?
Greetings! Extremely serviceable recommendation within this article! It’s the scarcely changes which wish obtain the largest changes. Thanks a portion in the direction of sharing!
order zithromax generic – tindamax online buy brand metronidazole 200mg
buy rybelsus 14 mg – rybelsus drug cyproheptadine 4 mg oral
buy motilium without a prescription – tetracycline 250mg cheap purchase cyclobenzaprine pill
buy inderal 10mg pills – plavix ca buy methotrexate 10mg generic
buy cheap amoxicillin – buy ipratropium buy ipratropium pills
azithromycin 500mg price – buy azithromycin 500mg without prescription buy nebivolol 20mg generic
oral augmentin 625mg – https://atbioinfo.com/ ampicillin order online
purchase nexium without prescription – anexa mate buy esomeprazole cheap
buy coumadin 2mg generic – https://coumamide.com/ cozaar 50mg brand
where can i buy mobic – https://moboxsin.com/ meloxicam 7.5mg canada
generic deltasone 10mg – https://apreplson.com/ deltasone 20mg ca
where to buy ed pills – fast ed to take medicine for impotence
purchase amoxicillin online cheap – combamoxi amoxil order online
diflucan pill – https://gpdifluca.com/# diflucan 200mg oral
buy cenforce for sale – cenforce rs order cenforce 50mg online cheap
cialis online no prior prescription – fast ciltad cialis where can i buy
cialis online without perscription – https://strongtadafl.com/# is tadalafil as effective as cialis
buy zantac 150mg pill – site order zantac online cheap