Ethereum drops below $1,900; will NFTs save the day?

AMBCrypto
AMBCrypto

27 Jun 2023 10:30 PM

Ethereum’s NFT space is witnessing a decline in the number of new and old sellers since 2022. ETH’s metrics also looked bearish. ...

  • ETH's NFT collections such as BoredApe and CryptoPunks have seen a drop in their floor prices.
  • ETH's on-chain metrics suggest that investors should wait for another price pump.
  • ETH's NFT sales volume and number of NFT sellers have declined over the last 30 days.
  • ETH's number of new and old NFT buyers has been on a declining trend for multiple months.

The article presents a concerning outlook for ETH's performance in the NFT ecosystem, with a drop in prices and declining metrics. However, there is also evidence of investor confidence and accumulation of the token.

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You May Ask

What is the current market capitalization of ETH?What is the trend in ETH's number of NFT buyers?What is the Coinbase premium for ETH?What is the outlook for ETH's price rise according to its on-chain metrics?Which data source revealed a decline in Ethereum's NFT sales volume over the last 30 days?

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