As the current market sees, January 2022 will continue to be difficult for crypto investors. The price of the commodity has experienced volatile fluctuations. (BTCOther cryptocurrencies. Many people attribute the current slump to recent events. The federal government intends to raise ratesAnd the Political turmoil in KazakhstanThe hashrate of Bitcoin was significantly lower when this happened. January 14, 2014, the value of Bitcoin dipped below $42,000As traders believed that bullish signals were possible, they continued to be optimistic.

The dip seems to be resisted by trading nonfungible tokens, NFT, and blockchain games. AccordingDappRadar reported that NFT transactions increased in spite of falling cryptocurrency prices. The report stated that “the number of UAW connected to NFT DApps grew by 43% since Q3 2021.” Numbers from the report also show that the money generated by NFT trading went from $10.7 billion in Q3 2021 to $11.9 billion in the first ten days of 2022. The latest developments in NFT trading include the Launch of LooksRare MarketplaceThis growth may also have been influenced by.