Positive dynamics at the beginning of 2023 breathed life into the cryptocurrency market, which helped projects to recover from scams and bankruptcies of last year. The NFT segment was no exception – it once again draws the attention of people. This market has its own specifics and peculiarities, and even experienced traders may not immediately understand the new trends. Let’s see what’s new NFT world can offer us.
NFT market in 2023: news and trends
Despite the fact that NFTs are a separate asset class with their own value, their price is usually displayed in native tokens of the blockchain on which the collection is issued. This leads to the fact that prices and activity in NFTs depend on the general market trend.
According to Dune Analytics, at the end of 2020-beginning of 2023, the NFT market, following a bullish trend, went up. Both capitalization and trading volumes increased. Among the important NFT trends and news, that we discussed in our blog are:
Conclusion
In 2023, the NFT market continues to develop and follows the general trends of the crypto market. At the same time, NFT collections have their own features, unique fundamental value, and are highly dependent on psychological factors and social media. In order to keep up with the news, follow our blog posts!
Don't forget, the easiest way to buy or exchange coins is to use SimpleSwap services.
