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The NFT Craze Is Slowly Subsiding

Although there is evidence that the NFT market is slowly stabilizing, there are currently no worrying elements when it comes to prices and sales. The average selling price of irreplaceable tokens fell below $2,000 for the first time, compared to a maximum price of nearly $6,900 on Jan. 2. This is information from the NonFungible site, which tracks industry statistics. The data also show that total daily sales averaged $26.2 million during March 3rd. It is interesting that since February 24, when Russia's military action in Ukraine began, the average selling price of NFTs has dropped by about... … Read More »