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The value of NFTs has plummeted, but you should not be worried. The value keeps changing. While this year started with a high demand for NFTs, the recent months have seen its value drop.
This isn’t the first time that the crypto winter entered the crypto space. In 2018, the winter lasted for a year. For many investors, this drop discouraged a lot of traders and investors.
Factors like inflation, potential recession, and stagnation may have contributed to the free-fall, but some experts like Warren Buffet would argue that times like this are an opportunity for investment. There will always be exciting and profitable results to come out of any investment phase.
Resources Mentioned:
What’s a Crypto Winter?
👉 https://fortune.com/2022/01/24/crypto-winter-bitcoin-price-crash-ice-age-bear-market/
👉 https://fortune.com/2022/03/04/nft-bubble-market-crash-price-value/
Chapters
0:00 Introduction
1:19 NFT Statistics
4:57 Market Is Saturated
6:54 Investment
9:38 Warren Buffet
12:58 The Inevitable Happens
15:30 World Economic Activity
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