Nonfungible tokens soar even as Bitcoin price drops close to $32,000

Nonfungible tokens soar even as Bitcoin price drops close to $32,000


Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses.

Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over the past 24 hours are Audius (AUDIO), Axie Infinity (AXS) and Small Love Potion (SLP).

Top-performing assets over the last 24-hours. Source: Cointelegraph Markets Pro

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The multifaceted use cases and applications of nonfungible tokens continue to be a source of strength for the NFT sector as a whole, primarily because they open the door for different sources of revenue via gameplay, music and art sales.

Audius pulls in new artists and users

According to data from Cointelegraph Markets Pro, the outlook for AUDIO has been climbing for the past few days after new users and popular bands like Wheezer flocked to the decentralized music-sharing and streaming protocol.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for

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