Non-Fungible Tokens (NFTs) Continue to Thrive Despite Crypto Market Turmoil
Despite the recent general crypto market turmoil, non-fungible tokens (NFTs) continue gaining traction among investors. Many investors are now focusing on NFTs that have showcased strong market resilience amid the bear market. The NFT market slump started in mid-June, with the majority of NFTs experiencing a significant decrease in floor price.
Sproto Gremlins NFTs Defy the Bear with 14% Increase in Volume
Sproto Gremlins, an NFT collection, has emerged as one of the most traded NFTs that successfully navigated the recent bear market. In the past 24 hours, the Sproto Gremlins NFT collection recorded a trading sales volume of 155 ETH, representing a 14.9% increase.
- The Sproto Gremlins NFT collection was launched in May 2023 by renowned digital artists Iam Nick and Juicy Unlimited.
- The collection features a limited edition of 3,333 unique manifestations of Harry Potter Obama Sonic 10 Inu’s egregore on the Ethereum network.
- Harry Potter Obama Sonic 10 Inu is a crypto-asset that incentivizes the creation of meme content and has been growing rapidly in popularity.
More Crypto Projects to Consider Amid the Bear Market
While NFTs have slightly faded in popularity, there are other digital assets like meme coins that investors are focusing on. One such crypto project is $SONIK, which has the potential to generate significant returns in the long term. $SONIK is a crypto meme token that promises fast growth, with a team of crypto enthusiasts backing it.
Hot Take: NFTs Remain Resilient in the Crypto Market
Despite the recent market turmoil, NFTs have shown resilience and continue to attract investors. Sproto Gremlins NFTs have defied the bear market and experienced a significant increase in trading volume. Additionally, crypto projects like Harry Potter Obama Sonic 10 Inu and $SONIK offer potential investment opportunities. While NFT popularity may have slightly faded, there are still opportunities to explore in the crypto market.
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