The NFT market continues to be "cooling down"!
On November #nft , sales dropped to 320 million USD, halving compared to the previous month 💔. The first week of December even set a new low for this year with only 62 million USD. The market value has also fallen from 9.2 billion USD at the beginning of the year to 3.1 billion USD, evaporating 66%! 📉
Blue-chip NFTs are not escaping the downward trend: CryptoPunks ↓12%, Bored Ape ↓8.5%, Moonbirds ↓17.9%, and Hypurr plummeted by 48% 😱. However, a few niche projects have risen against the trend: Infinex Patrons +15%, Autoglyphs +21%, shining due to their scarcity and unique on-chain history ✨.
The year-end outlook remains pessimistic: market liquidity is sluggish, and any brief rebound is unlikely to last, with the overall atmosphere in the crypto market being cautious ⚠️.