Volume in the NFT space can be a difficult things to grasp. It is a good indication of overall market health but doesn’t mean that what you’re holding will go up. Each project will need it’s own particular volume to increase the floor price and value of that project.
What this means is that more desirable projects will have bigger & better runs than projects that aren’t as marketable
These are my thoughts on what volume can do overall and why It can be a little deceiving seeing high volume and blue chips pumping.
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This is not financial advice, please do your own research before investing in the NFT space.
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