According to a recent study by Crossword Solver, the term “NFT” (Non-Fungible Token) is the most popular crypto slang used in the United States.

The term “NFT” has emerged as the most used crypto slang in 15 states, including Pennsylvania, Alaska, and Minnesota. data From a crossword solver. These results confirm the NFT hype in the market. Recent data show that the NFT market has remained fairly resilient over the winter and has already returned to pre-Luna collapse levels.

crypto slang map

The terms “Airdrop” and “DAO” (Decentralized Autonomous Organization) are the second most popular cryptocurrency slang after “NFT” and are the most used words in six states each .

Most Popular Crypto Slang by State (Source: Crossword Solver)
Most Popular Crypto Slang by State (Source: Crossword Solver)

Emerging as the most popular word in five states, the words “DEX” (decentralized exchange) and “Degen” ranked as the third most popular crypto slang across the nation. To assets with the belief that a person will.

The least popular slang term became “Mooning”, used to describe a significant uptrend in the market.

Popularity of NFTs

The NFT field remained resilient during the coldest winter in cryptocurrency history. The NFT market will hit $55.5 billion in total sales in 2022. This is a 175% increase from his recorded $20.2 billion in 2020 and a 38,903% increase from his $142 million in the 2020s.

a crypto slate The December 2022 report also revealed that the total market capitalization of NFTs registered an increase of 11,664% from December 2020 to December 2022, jumping from $10 billion to $85 million respectively. .

This exponential growth has spawned dozens of NFT marketplaces and giants such as Starbucks, MetaMask, Apple, and Reddit have entered the space.

Data from the end of February shows that NFT trading volume has returned to pre-Luna crash levels. NFT trading volume surpassed $2 billion, registering a 117% increase from January to February.

As for why NFTs are so popular, a recent survey points out that high returns can be expected as a reason. More than 90% of his survey respondents said there would be benefits to owning an NFT, and 31% said he prioritized his NFT’s ability to earn and save.

By Jules

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