The amount of ETH staked is still showing signs of investor confidence. Data from blockchain analytics firm Nansen shows daily net profit and loss for all NFT trading smart money addresses. Since April 1, there have been 27 days of profitable NFT trading and nine days of negative returns for Smart Money wallets.
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Nansen considers a wallet to be Smart Money if it is historically profitable meaning it meets at least one of the following conditions:
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Among the top 100 addresses for estimated return of their current NFT portfolio and top 100 addresses based on the hodler score metric.
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Have at least five times the realized return on multiple NFT collections minted in the last 60 months.
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Made multiple trades on a decentralized exchange in a single profitable transaction.
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Belonging to an investment fund specializing in crypto investment and management.
NFT is still extremely active when the overall market is very gloomy
Read more: https://cryptowallcity.com/nft-still-extremely-active-market-very-gloomy/
