For many traders and cryptocurrency enthusiasts NFTs are really being a big problem nowadays and that has been the case for a long time even since their inception, NFT trading has always been a very interesting topic of conversation because of the scams and especially people who have lost all their money and people who have made millions of dollars with little investment, in this article I want to dive in with you all and do some key research on what is currently going on with the NFT markets and if it is really profitable to invest in NFTs nowadays as the biggest volume of NFT trading is still in blockchain based games.

The huge interest in buying or creating NFTs dropped during the first quarter of 2022 and we know that, the market is trying to stabilize after the big explosion of 2021 which was a total scandal.

What is happening with the NFT market today?

According to a very well known NFT analysis and advisory website NFT asset trading transactions have declined since February 2022 by at least 75% and that is a key factor that this market and these assets have had problems with their investors, but we expect a rise in the huge charts over the years and this is due to the implementation of security measures in the finance of such investments because the people who invest money in NFTs simply have considerable knowledge about it.

If we take a look back to 2021 and its beginnings we can realize that NFT assets had a large trading volume and especially those assets were trending on the social network "X" (Formerly Twitter) and this was declining over time thanks to users who were not very honest with their NFTs for sale on platform like OpenSea and others, But taking into account that Rarible is the most expensive NFT market and that only really wealthy people can invest in some of these NFTs, this NFT market has been growing with its transactions and that is the most interesting thing and that is why experts say that when security measures are taken in the finance of NFT assets this can change and make transactions really sustainable.

Google Trends has shown through its analysis and has shared very interesting data regarding the fall of NFTs and that is because people are no longer very interested in these assets.

Since the year 2022 that we had the historical maximum the charts have shown that these great investment opportunities have been in decline by at least 60% which shows that currently NFT investors are not very interested in these assets and according to other data shared by the company Chainalysis show that most NFTs traded are assets that have to do with games with blockchain infrastructure.

Considering that NFT assets can be classified between collectibles and others, collectibles have had a really huge drop, but if we go for a moment to the cryptocurrency exchange Binance we can realize that we can acquire such NFTs in a very simple way and with really nice data and information that we can consider to make a decision whether to buy or not. I don't want to say that NFTs and their transactions have fallen completely but they are recovering and we can say that with the passing of time this recovery can have a new historical maximum.

Growth is Slow but Sure: The NFT Market Continues to Increase

According to data from the number one company in the NFT analysis sector it is estimated that more than 35 billion dollars were sent to the NFT market only in the last year and it is true that it has been decreasing but remembering that Rarible is a really expensive market and not any investor can invest in the NFT market, only small investors are those who can get such a risk of being affected by what happens with other NFT markets such as OpenSea which has laid off at least 30% of the employees and this is true according to breaking news, this is because many investors have been afraid of being scammed or being involved in a massive asset theft as it is already known on the internet.

What I want to imply in this research is that the market may be recovering to a new all-time high and that is something I am waiting for to perhaps take advantage of a pump in certain NFT assets that I own in OpenSea, many experts say that it is a good time to invest considering that the most important thing is to diversify in NFT assets and that you can simply lose more than 100% of your initial investment.

Posted Using InLeo Alpha