During the past seven days, non-fungible token (NFT) sales have dropped 23.37% and 30-day statistics show NFT sales are down 63.10% from the month prior. While NFT interest has been waning, a recent study indicates that global regions like Singapore and Hong Kong lead the pack in terms of NFT interest. The research further suggests that “Poland is the most anti-NFT country.” The most searched NFT project worldwide, according to search volumes by country, is Axie Infinity, which commands 112 countries in terms of the top searches by collection.
What are the risks associated with cryptocurrency investments?
Additionally, some actors engage in “wash trading” and “spoofing.” Wash trading involves simultaneously buying and selling a cryptocurrency to create fake trading volume, giving the illusion of market activity. Spoofing