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NFT Ecosystem Trying to Recover Amid Bearish Market Sentiment According to Cointelegraph


NFT Ecosystem Trying to Recover Amid Bearish Market Sentiment

During the past two years, non-edible token (NFT) has given the crypto ecosystem the boost it needs to gain mainstream attention – due to the involvement of popular artists and celebrities. However, despite the enormous losses NFT investors have suffered following the ongoing 10-month bear market, the ecosystem has shown sustained signs of a comeback over the past two weeks. .

Since September 12th, the performance of green chip NFT collections has seen steady growth, inching back towards 10,000 Ether (ETH) was lost in mid-August 2022, according to NFTGo data.

Performance of green chip NFT collection. Source: NFTGo
Market capitalization of NFT collections. Source: NFTGo
NFT Market Sentiment. Source: NFTGo