Digital assets under pressure: NFT market leads losses

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Market sentiment in the cryptocurrency markets remains tense. Over the past 24 hours, NFT-based projects in particular have shown vulnerability to the overall market decline. Those planning to buy NFTs should closely monitor the current market situation.

Massive Movements in Individual Projects

Audiera (BEAT) experiences a sharp decline of 7.69% and is among the day’s losers. The entire NFT segment is losing significant value, with losses varying across different projects. This underscores the high volatility in this area of the crypto market.

Conversely, some tokens are showing more resilience: Pengu (PENGU) rises by 0.74%, while ApeCoin (APE) even increases by 2.47%. Such mixed signals indicate that investors are selectively shifting towards projects with more stable fundamentals.

Broad Market Pressure on Leading Values

Bitcoin (BTC) is currently trading at $92,160 after rising 1.73% in the last 24 hours. Ethereum (ETH) is developing similarly defensively, standing at around $3,140, which represents a gain of 0.86%.

In addition to the major leading values, other sectors such as PayFi, artificial intelligence, and decentralized finance platforms are also experiencing selling pressure. The broad spread of declines points to systemic factors weighing on the entire sector.

What Investors Should Know

The current market trend shows that diversification is also important within the NFT space. Those considering to buy NFTs should not only pay attention to price movements but also evaluate the fundamentals of the projects. The different performance patterns of individual tokens demonstrate that a thorough analysis of investment targets is necessary to make the right decisions during periods of market pressure.

BEAT-5,16%
PENGU-8,88%
APE-5,5%
BTC-1,98%
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