NFT Prices Take A Beating After Crypto Market Chaos

NFT Prices Take A Beating After Crypto Market Chaos


Crypto has been on a downward slope the past couple of weeks – and NFT is going the same direction with the decline in dollar value.

TerraUSD and LUNA both dipped in value registering a tremendous loss of 99%. With UST (pegged with US dollar) now trading at $0.13, LUNA has managed to move to $0.0000914 on Friday afternoon, making the coin nearly worthless.

Consequently, NFTs that are tied with Terra has shown decline in trading activity.

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Ethereum Loses Shine

On the other hand, Ethereum (ETH) is currently trading at $2,000 which suffered a decline compared to its trading value last week at $2,800.

The lowered prices

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