cryptonews.com
The buyup saw GME stock rise from double figures to the cusp of USD 400. And for GameStop, which looked set to go under, has returned with bullish zeal, as its possible NFT business expansion would appear to indicate.
GME price chart:
But the NFT craze appears to have flagged in recent days.
After its heady days of Elon Musk endorsements, record-breaking art sales and SNL-themed sketches, the NFT market is now in a lull, with daily sales down from an all-time high of just under 180,000 on March 25 shrinking to just under 150,000 in the past few days, per NonFungible.com data.
The value of the market has fallen, too. The same data shows that the NFT market saw over USD 255m worth of sales take place on March 18. On April 10, sales volumes retreated to below USD 200m.
Google Tends data also indicted that NFT-related Google search queries were down from a March 12 peak, and that a brief March 28 revival proved short-lived.
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