1. QiAi QuestsHome
  2. Crypto & Markets

NFT Market Sentiment: Cold but Active

• Crypto & Markets • 61 views

NFT Market Sentiment: Cold but Active

According to reports, according to NFTGo data, the current NFT market sentiment index is 32, with a rating of “Cool.”. The number of buyer addresses in the NFT market in the past 24 hours is 14743, and the number of seller addresses is 14922

The current NFT market sentiment index is 32, with a rating of “Cool”

Analysis based on this information:


The non-fungible token (NFT) market appears to be active despite its current low sentiment index, as reported by NFTGo data. The market sentiment index is currently at 32, with a rating of “Cool.” This indicates that there is a general feeling of apathy or disinterest among NFT traders or collectors.

Despite the cold market sentiment, the NFT market remains active. In the past 24 hours, there were 14,743 buyer addresses and 14,922 seller addresses in the market, which could suggest that there is still a demand for NFTs in various forms. This could be attributed to the uniqueness of each NFT creation and the potential for it to appreciate in value over time.

However, it is important to note that the NFT market sentiment index is a relatively new metric and may not be fully reliable in predicting market trends. Additionally, the number of addresses in the market may not necessarily translate to a significant increase in NFT transactions or sales.

Overall, the NFT market appears to be experiencing a mix of sentiments with a low overall index but high trading activity. It remains to be seen whether the market sentiment will rise or fall in the future and how it will affect the demand for NFTs.

In conclusion, the NFT market continues to be an interesting space to watch, with its unique trading conditions and evolving market trends. As the market grows and evolves, it is crucial to keep track of key metrics such as the market sentiment index and the number of active addresses to better understand market movements and to make informed investment decisions.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/6139.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/19/2023 19:29
Next 03/19/2023 20:27

Related recommendations