September 28, 2022

Crypto Engine is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 


Crypto winter is a term that has been going around for over three months. We know that the current situation is peculiar, to say the least. BTC has been losing ground, but the crypto community is not panicking. Many are happy that now they can buy low and hold waiting for the asset to appreciate in the future. The Ethereum merge is an event that may create a period of complete chaos, but the network will recover even if something goes wrong.

In general, the whole community of crypto enthusiasts remains optimistic despite the strong Bear Run that we are seeing right now. Many crypto assets confidently outperform traditional investment instruments such as valuable commodities and blue chip stocks. The whole global economy is in a recession. Nevertheless, Bitcoin and Ethereum holders are hopeful and do not lose composure.

Unfortunately, the same cannot be said about the NFT market which saw a massive crash with transaction volume falling by more than 90% over the last 6 months. Some strong assets like BAYC and Crypto Punks are still doing fine, but other projects are losing their investors rapidly. Another interesting thing is that some scammers and “artists” are making millions by simply faking popular NFTs.

One of the worst issues with the whole NFT market is that buyers are rarely educated about non-fungible tokens. The vast majority of purchasers don’t even know how to use Etherscan to verify the authenticity of tokens they pay millions for. As a result, we have a market flooded by fake monkeys and punks.

The absence of regulation and the hands-off approach employed by marketplaces like OpenSea make it hard for serious investors to dive into the ecosystem and use it like millionaires use the high art industry, to, at least, avoid taxes. We need regulations in the domain of NFTs. Even more responsible self-regulation would drastically change the landscape of the industry. Currently, we have a freefalling market where scammers run rampant.

Thankfully, we still have good NFT projects and interesting use cases. The only thing we are lacking is some form of oversight.


trade now

Altcoin Directory is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


Leave a Reply

Your email address will not be published.

Only $250 and you're Rich - Simple way to make $1,372/Day Learn More
Skip to content