NFT Market Shows Resilience Amid Crypto Volatility, Study Finds
A comprehensive study examining investor behavior during the COVID-19 pandemic and post-pandemic period reveals surprising stability in the NFT market despite cryptocurrency volatility. Researchers found that while both markets exhibit herding behavior, NFTs may offer diversification benefits for investors seeking to manage risk in turbulent markets.
NFT Market Demonstrates Unexpected Stability During Turbulent Period
According to a recent study published in Humanities and Social Sciences Communications, the non-fungible token (NFT) market has shown remarkable resilience and relative independence from the volatile cryptocurrency market during periods of economic uncertainty. The research, which analyzed market data from January 2020 through April 2023, provides new insights into investor behavior during the COVID-19 pandemic and subsequent recovery period.