Apollo Crypto: Bitcoin’s Downturn and Memecoin Hype Drive 44% Plunge in NFT Sales Q2 2023

The NFT market experienced a significant downturn in the second quarter, driven by a wave of new memecoins and broader market instability. Henrik Andersson of Apollo Crypto suggests that interest in Bitcoin-based Ordinals could reshape the NFT landscape, even amid declining sales figures. NFT collections like CryptoPunks and Bored Ape Yacht Club remain valuable, but

Source: CoinOtag