‘Silent crash’ as price floors collapse across NFT space

Cointelegraph

Published Apr 03, 2021 06:43PM ET

Updated Apr 04, 2021 08:40PM ET

If prices plummet in an illiquid market, how soon before anyone notices?

While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the overall market market for a project can be difficult — a dynamic that has led one eGirl Capital member, Mewny, to dub NFT corrections ‘silent crashes.’

Continue Reading on Coin Telegraph