#**Exploring the Current State of the NFT Market: A Deep Dive into NFTGo Data**

It is reported that according to NFTGo data, the current NFT market sentiment index is 33, rated as “Cool”. The number of buyer addresses in the NFT market in the past 24 hours is 11210, and the number of seller addresses is 12584. The number of profitable addresses in the past 30 days is 80743, and the number of loss-making addresses is 409639.

The number of buyer addresses in the NFT market in the past 24 hours is 11210

As the world is moving into the digital era, a new frenzy has taken over the art world. Non-fungible tokens, or NFTs, have captured the imagination of art lovers and tech enthusiasts alike. NFTs are blockchain-based digital assets that represent ownership of a unique piece of art, music, or any other kind of digital content. With headlines of six-figure sales for NFTs, it’s natural to wonder what the current state of the NFT market is. In this article, we will delve into the recent data released by NFTGo and report on the current sentiment index, buyer and seller addresses, and profitability figures in the NFT market.

**Current NFT Market Sentiment**

NFTGo data reveals that the current NFT market sentiment index stands at 33, rated as “Cool”. This is a sharp drop from the previous week’s rating of 67 or “Neutral”. The sudden drop, according to NFTGo, is due to the decrease in the daily trading volume, which shed light on how volatile the NFT market is. Even though the market sentiment is currently rated as “Cool,” this doesn’t mean that the NFT craze is over. It’s crucial to note that the NFT market is still in its early stages and has a lot of room for growth.

**Buyer and Seller Addresses**

In the past 24 hours, the NFT market was buzzing with activity, with 11210 buyer addresses and 12584 seller addresses. This activity is a good indication of the increasing interest in the NFT market. Moreover, it highlights that there are still many people who are interested in buying NFTs, even though the market sentiment is currently “Cool.”

**Profitability Figures**

NFTGo’s data shows that the number of profitable addresses in the past 30 days is 80743, while the number of loss-making addresses is 409639. This indicates that the NFT market is very volatile and that there’s a possibility of experiencing losses. However, it’s essential to note that this data applies to all kinds of NFTs, including those created by unknown artists. There are still many high-profile sales happening in the NFT space, which shows that there are many profitable opportunities for creators and investors alike.

**Investing in NFTs**

Like any other investment, NFTs have their risks and rewards. The data released by NFTGo shows that NFTs can be a risky investment, given the high number of loss-making addresses. However, if you’re interested in investing in NFTs, it’s essential to do thorough research before making any purchases. Look into the creator, the uniqueness of the artwork, and the seller’s credibility before making any purchases. Additionally, it’s essential to consider the volatility of the market and invest only what you can afford to lose.

**Conclusion**

The recent data provided by NFTGo reveals a lot about the current state of the NFT market. While the market sentiment is currently rated as “Cool,” the NFT ecosystem still has room for growth. Moreover, the high number of buyer and seller addresses in the past 24 hours indicates a continued interest in the NFT market. As with any investment, it’s crucial to do thorough research before investing in NFTs to minimize risk and maximize reward.

**FAQs**

Q: Can I resell my NFTs?
A: Yes, you can resell your NFTs just like any other asset. However, it’s important to note that NFT values can fluctuate wildly, so it’s important to keep an eye on the market before selling.
Q: Are NFTs environmentally friendly?
A: No, NFTs require a lot of energy to create and sell, which can harm the environment. However, some blockchain networks, such as Ethereum, are transitioning to a more environmentally friendly system.
Q: Are NFTs a good investment?
A: Like any other investment, NFTs have their risks and rewards. It’s essential to do thorough research, consider the volatility of the market, and invest only what you can afford to lose.

**Keywords:**

NFTs, blockchain-based digital assets, market sentiment index, buyer addresses, seller addresses, profitability figures, investing, risk, reward.