Honestly, NFT has poor liquidity and low fund utilization, if it still can't beat the ETH rise, then the investment value will be greatly reduced. Just as many people collect art to preserve their value. #NFT #Cryptoart #nftart #Ethereum
Along with the ETH rise, NFT sales seem to be slowing down, probably because collectors are predicting that NFT's rise will not catch up with ETH. the valuation of NFT does not just depend on the quality of NFT itself. In the long run, NFT space will benefit from the rise in ETH.
NFT is an important part of the Ethereum ecosystem, NFT price along with ETH price fluctuation is actually quite normal, the larger the market cap of Ethereum means more potential NFT collectors, stronger purchasing power, and the NFT space will grow.
ETH is rising, and if it is priced in fiat, it means that Gas fee is also rises, and when ETH rises to a certain point, you have to price it in ETH, otherwise you are spending even more Gas than the work is priced.
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