NFTs like Doodles, Invisible Friends, Moonbirds and Goblintown have seen their Ether (ETH) value drop by as much as 95%, while even blue-chip NFT collections have experienced an average decrease of over 40%.

The value of popular NFTs from 2022 has plummeted over the past year.

SAND was trading between its daily high of $0.5598 and its 24-hour low of $0.539.

Meanwhile, SAND was worth about $0.5506 at press time after the crypto experienced a 1.01% price increase over the past day, according to CoinMarketCap.

Looking at the charts, the candlesticks are currently trading below the MA indicators, which is considered a bearish sentiment.

The second possibility is that the RSI may fall, but, could recover once again.

when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

Bitcoin Transfer Volumes by long-term holders in profit by Glassnode

the current profitable transfer volume for BTC stands at $1.24 billion, which is 71.4% lower than the peak of $1.74 billion witnessed during the 2021 Bull Market.

Traders should note that the RSI was on the verge of flagging bearish, with the RSI line looking to cross below the RSI SMA line.

On the other hand, MATIC’s price remaining above the trend line for the next 24 hours will see it flip the closest resistance level at $0.94186 into support.

A break below this trend line could see the altcoin’s price dropping to the next key support level at $0.89672.
#MATIC

MATIC’s price was at a decisive point at press time, as it was resting on a positive trend line on its 4-hour chart.

The Bullish momentum is rising as ADA’s price rebounds from the 7-day low.

ADA market shows consolidation and potential buying opportunities.

Ether is currently trading for $1,816, up 2%,

The XRPL explorer and network analysis platform, XRPScan, took to Twitter on Wednesday to announce the landmark victory for the XRP blockchain. The achievement highlights the enduring strength and reliability of the XRP Ledger and the continuous contributions made by its dedicated network participants.

In a significant milestone for the XRP Ledger (XRPL), the renowned blockchain network has recently closed its 80 millionth ledger, signifying a remarkable decade-long journey of growth and success.

Ripple receives Best Sustainability Initiative and Digital Currency Leader awards.

Moreover, Pizzino is short-term bullish on RNDR and believes the volatility is up, a little more than in other markets.