The NFT market is growing more than the crypto market according to Nansen report
The NFT market has outpaced the cryptocurrency market this year, according to the Nansen 2022 Quarterly NFT Report.Louisa Choe who authored the report stated: "The NFT market continues outperforming the cryptocurrency market year-to-date with a 49.9% year-to-date return when denominated in ETH.".
Understanding the competitive NFT market environment is critical for NFT market players wishing to collect, trade, or invest in NFTs. With the Nansen Social-100 NFT index leading the way in year-to-date returns, it seems that a broad approach that includes a diverse range of collections may be advantageous in generating profits.
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