NFT Prices ‘Relatively Independent’ of Broader Crypto Market
The market for non-fungible tokens (NFTs) – although still in its infancy – appears to be “a relatively independent market” that does not necessarily move with the broader crypto market, according to crypto analysis firm...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The market for non-fungible tokens (NFTs) – although still in its infancy – appears to be “a relatively independent market” that does not necessarily move with the broader crypto market, according to crypto analysis firm Coin Metrics.
In their latest report, Coin Metrics noted that it is often thought that NFT trading volumes suffer when prices of ethereum (ETH) are rising, since most NFTs are bought and sold using ETH....
Read More: NFT Prices ‘Relatively Independent’ of Broader Crypto Market
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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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