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NFT Ecosystem Attempts to Rebound Amid Bearish Market Sentiment By Cointelegraph



The NFT ecosystem is trying to bounce back amid bearish market sentiment

over the past two years, Non-Foldable Tokens (NFTs) The cryptocurrency ecosystem has given the boost it needs to attract mainstream attention – due to the participation of prominent artists and celebrities. However, despite the massive losses incurred by NFT investors in the wake of the 10-month continuous bear market, the ecosystem has shown sustained signs of making a comeback in the past two weeks.

Since September 12, the performance of premium NFT pools has been steadily growing, slowly returning around 10,000 Ethers (ETH) which went missing in mid-August 2022, according to NFTGo data.

Excellent performance of NFT clusters. Source: NFTGo
Market capitalization of NFT groups. Source: NFTGo
Market sentiment NFT. Source: NFTGo