NFTs Are In Turmoil – Is The NFT Market Revival In 2024 Still A Reality? Here’s An Answer
The global non-fungible token market, which once made many crypto investors millionaires, is now experiencing a brutal downturn, leaving another set of crypto investors bankrupt and others still holding worthless digital items. But, there have been rumours that NFTs will make a big comeback in 2024. In this article, we shall discuss whether the NFT market revival in 2024 is still a reality. Crypto And NFT Markets Are In Turmoil Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and non-fungible token explorer, shows that the crypto and non-fungible token markets are in turmoil. The ball started rolling last week when the United States government announced an unemployment rate climb to 4.3%, adding only 114k jobs, the slowest growth since 2022. Things unravelled further when Japan’s central bank raised interest rates, triggering a global economic ripple effect that hit our stock and crypto markets hard. Yesterday, $1.2B vanished from the crypto market, whi...