ETH, MATIC, RABT: Understanding the Impact of April’s NFT Sales Drop on Key Cryptocurrencies
- After a red hot period, NFT sales have plummeted in April, impacting top NFT platforms like Polygon and Ethereum.
- Despite this downturn, the newly introduced Raboo AI-backed Social-Fi project is generating interest with its meme generator.
- Investors are flocking to Raboo’s presale, indicating a potential revitalization of digital representation.
Explore the recent downturn in NFT sales, its impact on Ethereum and Polygon, and how the Raboo AI-backed Social-Fi project is stirring interest in the crypto market.
NFT Sales Plunge: How Bad Did Ethereum (ETH) Suffer?
The Ethereum blockchain, despite hosting the most expensive NFT sale in April, was the biggest loser in the NFT market last month. Ethereum’s NFT sales witnessed a substantial downfall, plummeting to $241 million, marking a notable 50.7% decrease in April. This decline sparked negative sentiment among Ethereum investors, leading to a worrisome price action with ETH trading at $3,056.86 – an 8.69% price drop in the last 30 days.
Polygon Price Prediction: MATIC Dropped by Over 18% in April; Is the Future Bleak?
Polygon, known for its scalability solutions, high performance, and strong security, has experienced a lackluster performance over the past 30 days, exacerbated by the NFT sales decline in April. However, despite a modest price surge of 3.35% in the last seven days of April, experts believe that the future around MATIC... Read the full article for FREE at COINOTAG!
