NFTs Are Holding Their Value Even As Crypto Drops
Ellen Britt for CNT #NFT Both Ether and Bitcoin, two of the most well-known cryptocurrencies, have taken a tumble. But NFTs, even though they are tied to crypto, are for the most part holding their position as a store of value. DappRadar, a data analysis company, recently reported that even while cryptocurrencies were plummeting, losing nearly fifty percent of their all time highs in November, the top 100 NFT collections in total lost only fifteen percent of their value, and some collections even gained value during the same period. Closely Linked But NOT The Same! It’s important…
