‘Silent Shock’ When Floor Prices Collapse In NFT Space By Cointelegraph

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‘Silent crash’ when floor prices collapse in the NFT space

If prices plummet in an illiquid market, how soon before anyone notices? While fungible tokens that are traded on centralized and decentralized exchanges have significant transparency regarding price movements, non-fungible tokens can be more difficult to track. Due to its illiquid nature, assessing the general market sentiment of the market for a project can be difficult, a dynamic that has led one member of eGirl Capital, Mewny, to label NFT’s fixes as “silent failures.” Continue reading on Coin Telegraph

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