Are we… are we in an NFT bear market? It’s been a cool temperature of NFT seasonality with out query. What lies forward? It’s seemingly that NFTs aren’t about to vanish in a single day, however the insanity over late final yr going into the start of the yr will take a while to construct as much as once more.
In the meantime, we’ll preserve you up to date with all the most recent happenings – which in the present day embody Robinhood’s intent to supply NFT help and the rising scene round Solana.
The Nightly Mint
Latest Mint: Robinhood NFT Support
Robinhood isn’t precisely a crypto golden baby. If something, it’s been removed from the other. However, the buying and selling platform is suggesting that NFT help might be included within the agency’s upcoming non-custodial pockets, which reportedly is approaching 2M sign-ups for it’s ready record. It’s been a protracted push and pull for Robinhood and crypto, however was by-and-large a significant shopper on-boarding for these newer to the house. We’ll see if the identical stays true right here.
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Solana NFTs have been booming currently. | Source: SOL-USD on TradingView.com
In The Midst Of Quietness, Solana Has Been Shining
Despite a middling market at giant, the chatter across the NFT neighborhood over current days has undoubtedly had a spotlight on Solana, courtesy of tasks like Okay Bears which appear to have that “taking over” kind of really feel. It’s actually been dubbed “Solana Summer.”
The ‘Minty Fresh’ Take
If you haven’t been via a crypto bear market, you could possibly actually be experiencing one now – or possibly the start of 1. We gained’t fake to know what tomorrow holds. But we don’t see an excessive amount of elementary distinction across the NFT panorama that exists in the present day relative to six months in the past out there.
quantity is down 93% month so far
i’ve seen this just a few occasions since 2017, generally as unhealthy as 99%. we stayed, constructed and performed with our nfts whereas most left
i will be right here subsequent bull, will you be anon? pic.twitter.com/83tWrDK8Wm
— poopie (Jordan Castro) (@poopie) May 17, 2022
Related Reading | This Analyst Believes Ethereum May Lose 80% Of Its Value
Featured picture from Pexels, Charts from TradingView.com
The author of this content material will not be related or affiliated with any of the events talked about on this article. This will not be monetary recommendation.
