Coin Gabbar Token

<h2 id="header-0">Since hitting an all-time high in January of this year, trading volumes in non-fungible tokens (NFTs) have decreased by 97%.</h2>The crash coincides with five months of straight declines as interest in NFTs begins to fade. According to sources statistics, NFT monthly volume dropped to just $466 million in September after hitting a peak of $17 billion at the beginning of 2022.As a result of aggressively tightening monetary policy, investment flows from speculative assets are being cut off. It also led to an additional wipeout in the <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">crypto industry</a>, which has seen roughly $2 trillion exit the market since its peak in November 2021.NFT Interest DwindlingIn August, CoinGabbar reported that trade activity for non-fungible tokens had dropped by 40% in Q2 as interest in digital collectibles faded. Analytics noted:“The crypto market encountered significant hurdles in mid-May, meanwhile, the NFT market was cooling down. The volume of NFT trading fell from $18.8 billion in Q1 to $10.26 billion in Q2.”It was also discovered that OpenSea, the world&#39;s largest <a href="https://www.coingabbar.com/en/crypto-blogs-english/top-ten-nft-market-places" rel="noopener noreferrer nofollow">NFT marketplace</a>, suffered a considerable decline in the daily volume of its trades. Trading volume on the NFT marketplace decreased to $10.05 million on August 26, the lowest since July 2021, marking a one-year low.COINGABBAR VIEWS: A June survey revealed that the vast majority of customers, notably 64.3% of those polled, only bought NFTs to make money. It&#39;s not surprising that trading volume fell during the Q2 of 2022, given that more than half of investors purchase NFTs solely to boost their financial position.Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news-english/tbd-partners-circle-aid-global-usdc-adoption" rel="noopener noreferrer nofollow">TBD Partners Circle To Aid Global USDC Adoption</a>

NFT Monthly Trading Volume Falls For Fifth Consecutive Month

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