
Fernanda_aureli
@fernandag
How do Ethereum price fluctuations impact the NFT market? Ethereum’s volatility directly affects NFT transactions, as most NFTs are built on its blockchain. When Ethereum’s price surges, the cost of minting, buying, or selling NFTs rises due to higher gas fees, potentially deterring smaller creators and buyers. Conversely, a price drop can make NFT activities more affordable, boosting participation but also risking devaluation of NFT assets tied to ETH’s market perception. Data from 2023 shows a correlation: during Ethereum’s peak at $4,800, NFT sales spiked, yet high fees frustrated users. In contrast, post-merge dips in 2022 saw increased volume but lower USD values. This interplay shapes market accessibility, investor sentiment, and the perceived worth of digital collectibles, making Ethereum’s stability a key factor in NFT ecosystem dynamics. 0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction