But are they buying the dip or hedging in the bear market?
The price of ETH continues to fall, but NFT enthusiasts are seeing value in blue chip collections as everyone finds a way to weather the storm. The past 24 hours have not been kind to most people with crypto and NFT holdings. But if you do your research and look at the numbers, there are opportunities to trim your losses.
This week, making money is not the main priority for crypto enthusiasts and NFT collectors. Trimming our losses so that we don’t lose too much is the short-term objective. The goal in the medium term is to put yourself in a position to prosper when things turn around and this bear market becomes a thing of the past.
ETH’s dollar value is down 20% over the past 24 hours. The almighty BTC is down 12% in the same period. Terra’s struggles are all over the news and the platform’s LUNA token has plummeted a staggering 97% in a day. At the time of writing, it sits at a lowly $0.03,…