Opinion: Under what circumstances should you not buy a currency that has risen sharply and then plummeted?
Once the benefits are realized or the expectations corresponding to the benefits disappear, you can no longer continue to participate.

Once the benefits are realized or the expectations corresponding to the benefits disappear, you can no longer continue to participate.
The crash also triggered a general rout in the crypto space, with more than US$1B in liquidations
The floor price of the Azuki NFT collection has dropped sharply following its recent Elementals mint. While the project raked in $37.5 million during the sale, it has now also reached $34 million in all-time royalties.
Aggregate NFT sales volume in November was less than $400 million.
Ethereum and the rest of the crypto markets are now experiencing yet another crippling calamity.
ETH's price has struggled, declining by 9% over the last 30 days.
Numerous exchanges have listed ETHW. The price has already fallen by more than 50% since its listing.
Why does the algorithmic stablecoin UST experience serious price de-anchoring?
ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it.
Transaction volumes for MAYC, BAYC, and Otherdeed are all down, as is the overall NFT market, which could herald a cooling of the industry as a whole.