The fall of the NFTs

The fall and prices of the Bitcoin occupy the largest circulation in the media that have cryptocurrencies as the main topic, as well as those associated with investments, from time to time breaks the daily scam, attack or hackers who use their skills to steal from investors.

However, there is little or no talk about the sharp fall of the non-fungible tokens known by their acronym NFT, perhaps so as not to scare away potential buyers of the same.

In January of this year, the volume of transactions was $17 billion, while in the recently ended month of September it reached only $526 million, a drop of approximately 97%.

For experts, including Andrea Baronchelli, professor at the University of London, the reason is simple: tokens are surrounded by a bubble element that overvalued them to make them attractive to investors.

This does not mean that they will disappear, but it does mean that the buying and selling market for them to have a place in crypto investments must be sincere, while the detractors of all things crypto consider them to be just another invention of a pyramid scheme.

The cryptowinter as it has been pointed out has produced the massive dismissal of employees in companies working with cryptos and the disappearance of some, as well as the sharp fall of many altcoins and this was a reason for many to try to secure their investments with NFTs but ended up being victims when the bubble of these burst, something that has not had similar diffusion to the decline of cryptocurrencies.