NFT Market Resilience: Analyzing Key Trends and Future Prospects From The Balthazar Update

Published by
ValueWalk

Are we witnessing a resurgence or a temporary reprieve in a market that has lost its initial momentum? Let’s dive in and find out. Market Overview: A Return to July 2022 LevelsThe total trade volume for Q1 2023 was US$5.67 billion, an impressive 84.2 percent increase compared to the previous quarter. Although the NFT trade volume in March experienced a 9.8 percent decrease compared to February, the market has reached levels similar to July 2022. This resurgence signals renewed interest and market sentiment, accompanied by an increasing number of high-quality projects. Bitcoin’s Role and the Em…

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