January 2022 is still tough for cryptocurrency investors as the current markets see turbulent fluctuations in prices (BTC) and other cryptocurrencies. Some attributed the decline to the recent period Federal intentions to introduce new price increases, and the Political turmoil in KazakhstanThis led to a significant decrease in the Bitcoin hash rate. On January 14, the price of Bitcoin Drops Below $42,000 As traders continued to pin their hopes on bullish signals.
On the other hand, non-fungible token trading (NFT) and blockchain gaming seem to have resisted the decline. as According to reports from DappRadar, NFT transactions continued to increase amid falling crypto prices. The report stated that “the number of UAW connected to NFT DApps has grown by 43% since the third quarter of 2021.” Figures from the report also show that funds generated from NFT trading increased from $10.7 billion in the third quarter of 2021 to $11.9 billion in the first ten days of 2022. Recent developments in the field of NFT, such as LooksRare . Market Launch, may also have contributed to this growth.
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