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This week’s whipsaw market movements test NFT traders’ resolve — What’s next? -Breaking

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This week’s whipsaw market movements test NFT traders’ resolve — What’s next?

Web3 has seen an increase in investors who are excited about the opportunity. This is despite Web3’s limitations. Diminution in the total volumeIn the past seven days, there have been sales. Over $19.4B has been added to the market capitalization (NFTs), with total sales exceeding $1.2B since May 1.

NFT volume / market capitalization for the 7-day period. Source: NFTgo.io

Even though volumes were lower than normal, viewers are quick to question whether these projects are actually being launched. Delivering workable productsThe amount liquidityThey are pumped with money. NFT investors base their assessment on the roadmaps, announcements, and projections shared by the team, even though this may not be the case all the time. NFTs can be a challenging investment because of the pace with which they are growing.

Apart from all-time average. sale price / volume. Source: OpenSea
NFT volume / capitalization for 30-days Source: NFTgo.io