NFT Market Continues Better Progress than Crypto!

The most popular NFT market of recent times continues to shake the news with:

• -The NFT market is making progress, outpacing the broad crypto market.
• -Also, the NFT market performs better when measured in terms of Ethereum and US dollars.

According to the news reports announced, the performance of the NFT market compared to the crypto market is progressing more successfully. Especially according to the crypto market, it continues to hold on to the market with the NFT performance announced at the level of 68.5% in ETH and 20.9% in USD. There have also been some cases where NFT holds up better than ETH. These situations indicate that crypto prices are moving lower.

Critical Situations Emerging with the Development of NFT

ETH has been falling in price since the beginning of 2022. This decrease is at a rate of 32% and also at 19% for Bitcoin. Considering these rates, it is seen that there are serious decreases.

• -However, when the annual performance of the NFT is analyzed, if the annual performance of this market is measured in US dollars, it emerges as a weak correlation. However, when the reports are examined, the situation is different according to the measurements in terms of ETH. It is determined that both market markets have an inverse correlation.
• -It states that some of the research analysts think that index investing does not enable investors to choose winners. It also states that index investing also aims to offer exposure to the market sector.
• -With the development of the NFT market, art NFTs have a return of 192% in terms of ETH. In addition, an annual return of 108% is also observed in terms of USD. With these returns, it stands out as the leading sector.
• -In addition, according to the latest statements, the NFT market, which also comes to the fore with the game segment, shows itself in a small part of this market in terms of the game segment. The gaming segment is known with a rate of about 8%.
• -The largest segment is usually the section that contains profile pictures created for use on social media. It is also noted that this segment accounts for approximately 79% of the NFT market. Therefore, it is known that this segment, which covers the majority, is an important part of NFT.