Topic: Danger awaits Metaverse coins - page 3. (Read 454 times)
You are half right here OP, it takes time for new tech to complete probably a few years or even more but this doesn't mean the tech will end up being a success either, I as a person don't believe much in this metaverse because I haven't seen the need of its existence.
The biggest scam projects of 2020 was Defi and in 2021 Metaverse craze began which so far have made many people lost billions of dollars through scam and rug pulls, with the born of every new use case only very few will make it to stardom, metaverse project like SAND and Decentraland will be one of the few projects that will survive.
Metaverse so far had convinced a lot of investors because institutions are also up to get specially Decentraland. If all these turn out to be just beta after another bull run, I would really believe the institutions and Facebook are part of these scams including those DEFI hypes.
None of the Defi tokens we've seen that moon last year had tried notable spikes even that popular SOV had sunk down the blue hole. It had its own RSK network but just not working even after Yago's several attempts to hype again on twitter.
The biggest scam projects of 2020 was Defi and in 2021 Metaverse craze began which so far have made many people lost billions of dollars through scam and rug pulls, with the born of every new use case only very few will make it to stardom, metaverse project like SAND and Decentraland will be one of the few projects that will survive.
I can't agree with your statment. it's kinda weird to see that. The big project like sandbox and decentraland can even sustain from the bearish market. both are also having billions marketcap. You can compare those metaverse tokens with the price at the launch of project. That's only garbage project who will always be facing a very bad thing like dumped so hard as investors are not feeling confident to hodl their asset and they dump it.
The project like sandbox and mana have bunch of supporters by its community or bi venture capital. I think that your prediction was a bit non sense.
Metaverse was hype that will be going to be for long term. These projects can sustain as long as there will be a good development progress.
The project like sandbox and mana have bunch of supporters by its community or bi venture capital. I think that your prediction was a bit non sense.
Metaverse was hype that will be going to be for long term. These projects can sustain as long as there will be a good development progress.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
Metaverse are still new so what can we expect?There should be no rush to make a quality project so better to give more time a don’t panic.
Axie infinity will have a soft launching of their alpha so this can be a great move on Metaverse. If we give more time, you can see other projects to go on their Alpha phase and finally release the main game, just be more patient.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
Metaverse is another hype which most probably won't even see the light of real world. A huge company as Meta is struggling to create and maintain a Metaverse and now several of wannabe project want to replicate it to some form. They'd probably make something simpler or just like todays MMORPG or just an iteration of online games but that too would be of poor quality. We've seen how crypto games project have failed and almost all of them are simple text and picture based RPG rather than a real game.
Do you think create a new tech needs a night to be completed. that means you are never doing any development lol. Satoshi was creating new tech called bitcoin even need a few years to complete bitcoin blockchain so how can you come with such conclusion? so many metaverse tokens can still sustain during the bearish market. What you are saying now totally a non sense thing. That's a sense prediction for the metaverse project without proper development.
You must try to aware about the fact in the market. These days even hyper was anything. To develop the final product needs a process.
Creating a new product needs a lot of time and process. please come with a sense prediction.
The longest metaverse projects like Decentraland have gone through and survived one bear market cycle already if you look at the chart. It may suffer another major dip again but they won't die unlike platforms launched recently. I think the same can be said about Sandbox.
When the bear season comes, it is necessary not to limit the falls only to the metaverse. All cryptocurrencies are experiencing serious drops this season. The important point here is that we can sell cryptocurrencies at a good price before the bear season begins. The priority always starts with bitcoin, and then with the movements of btc, other cryptocurrencies suffer very bad drops. When the bear season starts, it is necessary to collect plenty of marginal cryptocurrencies.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
I do not see how this is exclusive of metaverse coins, after all most of the projects that are released in the market are not close to be completed and it takes years of development to reach a stage in which the developers will have a working product.Can a more intense bear market wreck the plans of the developers behind metaverse coins? Of course, but personally I think that is a good thing as only the most efficient coins and the ones with the best developers will be the ones to survive such an intense bear market and we will get rid of a bunch of useless projects in the process.
Metaverse tokens are a HYIP, and where there is a HYIP, there is always a lot of scam. Various projects try to create their own projects in the hope of large investments from the community, but they do not develop their product. They will abandon it as soon as a new HYIP appears. There are more than 200 Metaverse projects on the market now and 99% of these projects are faceless, with low capitalization and horrible design of sites, documentation and other things. Among all this garbage I trust only SAND and MANA.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
Why just Metaverse, we can pretty much say that about all the technologies in the crypto space.
Whether it be NFTs, Dapps, DeFis etc... Every platform will have an impact on it and will face the dump.
But I think that now since the market is recovering a little we might not see the bear trend we were anticipating.
If things keep going like this then may be in the next 2-3 months we might get back to the 60k range.
I think you have valid point about it, but that's only one side of the story because all projects have been submitted to that risk, as the market trends change overtime the risk is also increasing especially for those hype-driven projects and many of those projects were found in the Metaverse, as we notice nowadays I can say that it was slowly fading so maybe you are right and if the market will experience a sudden downtrend those projects in metaverse will be much affected.
I always believe that after every trend there are few projects that are solid enough to carry on with that sector. So, in the metaverse there are also some other really good projects that I believe that would continue strongly even after the trend is over.The problem is that there are going to be so many projects that will fail because they are just being hyped for nothing and at the end weak and unstable projects are the ones that are being heavily affected when the market turns. Some of them goes down and hardly gets a chance again to increase to a better value. Investors who invested their money in these project would end up holding coins that they don’t know whether they will be able to gain from it or not.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
50/50 in my opinion, if they will have a working model completed, even in a bear market, I think it's going to explode. Investors are looking for the next big hype and for sure a lot of them are waiting for the Metaverse projects to roll out. So regardless of a bear market, money is going to flow. It's just the question if the project is going to sustain it's run or not. Because if a bear market, wise investors are looking for a quick money and will squeeze everything. Maybe if they get what they want they will get out and move to the next hype in the Metaverse. Unlike if this is in a bull market, the price is going to be parabolic until it burst. 
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
Well perhaps developers work very hard on it and the reason why they are still in the beta stage. Until they have useful, --there is no reason that the project will become in hype soon and could be used in many aspects like the VR's world that could blockchain may apply on metaverse world. It is too early to judge them, let us wait and see what will happen, I saw a bright future in metaverse than the Defi and ICO or EIO. However, there is nothing permanent in this world, everything will be faded away, do not assume too much.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
I think you have valid point about it, but that's only one side of the story because all projects have been submitted to that risk, as the market trends change overtime the risk is also increasing especially for those hype-driven projects and many of those projects were found in the Metaverse, as we notice nowadays I can say that it was slowly fading so maybe you are right and if the market will experience a sudden downtrend those projects in metaverse will be much affected.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
I'd just try to look at the positive impact that these metaverses projects will give but unfortunately, their credibility seems in big question till now. Metaverse had attracted attention after being aired online and especially on social media and yet, they just leave in the promises as none of these projects are worth investing. https://www.scmp.com/tech/policy/article/3167614/chinese-financial-services-regulator-raises-alert-growing-metaverse
This seems alarming to the public and doubted if one of them will be officially launched and gain support for the community as likely it won't.
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around, I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
True, everything will fall, but those who make it out of the rumbles are the next amazon and google. So worth the risk, imo if you catch the tip on one of those.
I'm guessing $SAND will be one to stay, i don't know about the rest though
Metaverse coins are not exempted if the bear market comes. We can generalize it whenever the bear is active and all of the coins will be going through a certain dip.
I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
Hype is not just for Metaverse coins and even we can it see it right now with meme coins that the hype is starting to loosen. Hypes are not going to last forever and they're easier to be gone whenever the projects that are experiencing it is new. 
Come to think of it, there is no metaverse project that's completed yet, they are all hanging on to their BETA self, if the bear market comes hard this time around I think metaverse coins will dip so much that the hype won't be no more until a project finally have a complete metaverse tech in action.
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