Digital expressions and NFTs were the hottest topic a few years ago. Remember the record sales, million dollar monkey, and seemingly unstoppable craze behind NFTs? This year was a reality check as NFT sales plummeted in April.What does this mean for top NFT platforms like Polygon and Ethereum? Can we introduce new ones? Lovey AI-backed Social-Fi project revitalizes digital expression with meme generator? See why investors flock to its presale.
NFT sales plummet: How much damage did Ethereum (ETH) suffer?
The Ethereum blockchain had its most expensive NFT sale in April, with Cryptopunk #635 selling for $12.4 million, but it remained the biggest loser in the NFT market last month. The Ethereum blockchain hosts the largest number of NFTs and took the biggest hit from last month's decline in NFT sales. Ethereum NFT sales have seen a significant decline, plummeting to $241 million in April, marking a notable decline of 50.7%.
As expected, this decline caused negative sentiment and reaction among Ethereum investors. This is the reason for the worrying price trends that Ethereum has been exhibiting over the past few days. ETH is currently trading at $3,056.86, with a price decline of 8.69% over the past 30 days.
Polygon Price Prediction: MATIC fell over 18% in April. Is the future bleak?
Renowned for its scalability solutions, high performance, and strong security, Polygon quickly gained traction among dApps adopters. However, its performance over the past 30 days has been lackluster, worsening further after a drop in NFT sales in April. One of the puzzling thoughts on most investors' minds is: Is this turn of events game over, or is there light at the end of the tunnel?
In the last 7 days of April, MATIC's price increased by 3.35%. No matter how modest this growth may seem, Polygon's price prediction is positive as experts believe this is a strong signal that the future around his MATIC may not be bleak. MATIC is currently trading at $0.7329 and has a TVL of $897.26 million.
Raboo (RABT): Conveniently navigate the turmoil in the DeFi universe
There has been uncertainty in the DeFi world for the past few days. Lovey Don't be daunted. Raboo is an innovative project in the world of meme coins that combines social Fi, AI technology, and blockchain. Featuring an AI and SocialFi-powered reward system, it offers amazing benefits to traders. Also, its pre-sale was successful, selling almost a third of its tokens and raising over $1 million.
Labo is also leading the way in the generative AI market, which is expected to grow significantly over the next decade. Experts predict that Raboo could be the next big thing in the crypto world, offering exciting prospects for investors. Raboo's presale is still ongoing, with tokens currently selling for $0.0042. That's a 40% price increase in just a few weeks after the presale started.
conclusion
With Ethereum and Polygon suffering severe underperformance, investors are desperately looking for alternatives, and Labou has called off that search. Perfectly poised to be the next 100x cryptocurrency, investors are starting to see a bright future for Raboo.
You can participate in the Raboo presale here.
