Why Traders are less willing to invest in NFTs?

Market Trends

Liquidity issues are affecting the NFT market, with declining transactions and buyer numbers.

Ethereum holdings remain stagnant in 2023, indicating a lack of interest in NFTs.

NFT market utilization on the Ethereum blockchain has fallen to 2021 levels.

Global NFT trading volume has significantly decreased, reaching the lowest levels in years.

NFT collectors and long-term holders may be waiting for a catalyst in the crypto markets before returning.

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