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The non-fungible token market, led by the Ethereum-based non-fungible token collections, has seen significant plunges this week, marked by a decrease in sales volume and floor price value. In the past seven days, the majority of Ethereum NFT collections have plunged by over 10% in sales volume from the past week. The downturn is linked to a broader crypto market downturn and a cooling of speculative fervor. Ethereum Pulls Back From ATH Data compiled by CoinGecko.com, an on-chain crypto market aggregator, shows that Ethereum, the second leading crypto asset by market capitalization, has pulled back from its recent record high. Ethereum exploded last week to an all-time high of $4,960 for the first time since the NFT and crypto market in 2021. The crypto market rally was fueled by the Fed chair Jerome Powell’s recent remarks on reducing interest rates on crypto products. Unfortunately, the crypto market fire did not last long, causing Ethereum to pull back from its ATH. Ethe...

Shiba Inu is one of the most promising cryptocurrency tokens existing in the space. The token is evergreen in terms of its nature and personality, which compels investors to hold onto the token regardless of the circumstances. SHIB’s allure is unmatched as compared to its other token competitors due to its lasting sentimental appeal. Shiba Inu was one of the few tokens that performed spectacularly well in 2021, delivering major gains to its investors. As investors continue to hope for another bullish run that helps SHIB spike closer to $0.01, odds be damned, here are three major reasons that help Shiba Inu claim its royal status, no matter what. Also Read: Why You Should Buy Shiba Inu Now Three Major SHIB Forces Keeping SHIB’s Popularity in Place 1. Unmatched Community Support (SHIB Army) One of the most important and noteworthy developments about Shiba Inu is its spectacular community support. The token boasts its own SHIB army, as LucieSHIB mentions, as a dedicated community support ...

In this episode of WuBlockchain Podcast, we once again discuss recent macro trends with Jiang Jinze, Chairman of MuseLabs, a global asset allocation research institution, and former Chief Researcher at Binance Research China. Due to Japan’s rate hike, global risk assets experienced a flash crash on August 5th. Jiang Jinze believes that this is not a typical crisis. He also argues that the current data is insufficient to support the view of a U.S. economic recession, so with the U.S. rate cut in September, there is a possibility of a rise in risk assets, including cryptocurrencies, in the fourth quarter. Ethereum’s trend may be similar to Bitcoin’s around the launch of the Bitcoin ETF. Transcript of the previous podcast: link The audio transcription was completed by GPT and may contain errors. Please listen to the full podcast: YouTube Spotify Apple Podcasts Please note: The views expressed by the interviewee do not represent those of WuBlockchain. WuBlockchain does not endorse any pr...