The current NFT market sentiment index is 36, and the rating is \”Cool\”

It is reported that according to NFTGo data, the current NFT market sentiment index is 36, with a rating of \”Cool\”. In the past 24 hours, there are 15538 buyer addresses and 16214 seller addresses in the NFT market. The number of profitable addresses in the past 30 days is 122303, and the number of loss-making addresses is 380577.

Interpretation of this information:

The NFT market has always been a topic of great interest among investors, buyers, and sellers globally. NFTGo data has reported the current NFT market sentiment index, which is rated as “Cool” with a rating of 36. This rating suggests detached sentiment on the part of investors and traders who are participating in the market.

The sentiment in the market can be determined by the number of purchases and sales made by buyers and sellers. In the last 24 hours, there are 15538 buyer addresses and 16214 seller addresses in the NFT market. The number of sellers addresses are higher than buyers, which shows that sellers are eager to sell their NFTs. However, this information does not indicate the condition of the prices or the value of the NFTs.

The number of profitable addresses in the past 30 days is 122303, while the number of loss-making addresses is 380577. This statistics indicates that more than half of the traders made losses in the past 30 days, which may indicate the reason for the “Cool” rating.

The high number of loss-making addresses can be due to a variety of reasons. Firstly, the NFT market is highly volatile, and the value of NFTs may fluctuate frequently. Secondly, the NFT market is still in its early stage of development, which is why it poses more risk for investors and traders. Thirdly, some traders may not have the required knowledge and expertise to invest or sell NFTs, which might become a cause of loss-making.

However, this also indicates that there is a significant opportunity for traders and investors to invest in NFTs at lower prices. If the prices of NFTs increase in the future, there is a potential for them to profit in the market. Furthermore, it can also indicate that there are still many opportunities for investors to enter the market and participate in its growth.

In conclusion, the data reported by NFTGo suggests that the present sentiment in the NFT market is detached, with a rating of “Cool.” The high number of loss-making accounts highlights the risks and challenges associated with the NFTs market. However, it also provides an opportunity for traders and investors to invest in NFTs at lower prices and potentially benefit from the market’s growth in the future.