NFT Prices Plummet by 99%, Investors on Edge

Jack Dorsey's initial tweet, which was converted into an NFT and initially sold for an astonishing $2.9 million, has experienced a significant drop in value in the current market. Once considered a prized digital collectible, the NFT's worth has now plummeted to less than $4, underscoring the inherent volatility and unpredictability of the NFT market.



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The NFT representing Jack Dorsey's very first tweet was highly regarded as a valuable digital artifact, commanding an impressive price of $2.9 million upon its purchase. However, the NFT market's dynamics have since shifted, resulting in a substantial devaluation of the asset's worth, now amounting to less than $4.



The sharp decline in value of Jack Dorsey's first tweet NFT serves as a cautionary tale for


First found on: https://coinatory.com/2023/07/21/nft-prices-plummet-by-99/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP