TL; DR
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In case you missed it, the crypto market has soared in recent weeks! And in theory, this means the NFT market should have followed suit.
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Bad news: the gains on some are not as impressive as on alt coins, such as Solana (which has doubled in the past month).
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Good news: the NFT space still rebounded by a solid 32% in the month of October.
Full story
To absolutely cut an analogy we first heard of Raoul Pal…
NFTs are the “real estate” of the crypto market.
That is, for real estate assets (NFTs) to rise, the overall (crypto) market must rise first.
In case you missed it, the crypto market has soared in recent weeks!
And in theory, this means the NFT market should have followed suit.
Bad news: the gains on some are not as impressive as on alt coins, such as Solana (which has doubled in the past month).
Good news: the NFT space still rebounded by a solid 32% in the month of October.
That’s not bad for an industry that’completely worthless‘ from Rolling Stone the month before.