Top NFT Projects Plummet in Value, Investors Remain Hopeful

Investments in top NFT projects like Doodles, Invisible Friends, Moonbirds, and Goblin-town have seen significant losses of up to 95% in ETH value. Blue-chip NFT collections have also experienced an average drop of over 40% in value. Despite this decline, some investors remain optimistic and view it as an opportunity to invest. Interestingly, the number of blue chip NFT holders has increased by over 90% in the past year, while sellers increased by 32% and buyers decreased by 30%. Moreover, crypto skeptic Peter Schiff launched his own NFT project called "Golden Triumph" on the Bitcoin blockchain, with an auction set to begin on June 2 and end on June 9.