Wednesday, April 14, 2021
Home Business ‘Silent crash’ as price floors collapse across NFT space By Cointelegraph

‘Silent crash’ as price floors collapse across NFT space By Cointelegraph

‘Silent crash’ as price floors collapse across NFT space

If costs plummet in an illiquid market, how quickly earlier than anybody notices?

While fungible tokens traded on centralized and decentralized exchanges have important transparency relating to price actions, nonfungible tokens could be more durable to trace. Because of their illiquid nature, gauging the sentiment of the general market marketplace for a venture could be tough — a dynamic that has led one eGirl Capital member, Mewny, to dub NFT corrections ‘silent crashes.’