Google Trends data reveals that no one cared about metaverse or NFTs in 2022

pooya87

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Quote from: _act_ on March 04, 2022, 11:37:24 AM

Did you remember in 2020 before halving when people were searching on google about bitcoin increases, bitcoin price later increased significantly.

No because bitcoin price has always increased significantly before halving not after it. In fact immediately after halving there is always a period when price remains moderately stable.
Also people have always searched about bitcoin after the price rises significantly and makes lots of headlines not before it.

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Google Trends data reveals that no one cared about metaverse or NFTs in 2022

People never cared about tokens even when they were trending. They cared about pump and dumps.

jrrsparkles

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NFTs are promoted by lot of influencers even some economist who were against it nkw saying NFT is going to be the future but there is no future we can witness the hype ended and no one literally care about NFTs now since the trade orders were pending for long time.

About manipulating and laundering the money which is highly possible but if they are doing it more often they will definitely get under the radar.

Jawhead999

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No one cared and less people cared are two different thing that you should know. The data of NFT and Metaverse on google search is decrease, but it doesn't mean no one is never search about NFT and Metaverse. If no one cared, there's no any volume on NFT and Metaverse marketplace... while the fact it's still high!

Personally I don't like NFT and Metaverse, also I think they will become worthless in the future. But I accept the fact the volume is really high [1] which mean many people still cared with NFT and Metaverse.

[1] https://opensea.io/rankings

dimonstration

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Dimon69

99% of my NFT holdings including the powerhouse Axies is down a lot of value in the marketplace due to crowded holders that breeding everyday. I think this the main reason for the decrease of popularity of NFT and Metaverse because most the NFT projects that started strong is now not showing any gains. People is just interested in gains no matter how good the technology is. Metaverse and NFT already had a good run and many people already have benefit on it as an early investors. I'm not surprised on the decreased of popularity but let's wait after the crisis is over before we make any further conclusion.

BitMaxz

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It's just a graph it's nothing to do with Metaverse or NFTs there are lots of promotions last that push the trends to use NFT/Metaverse keywords.
NFT is still in a development state and most of their audience are those who looking for investment and a game that can earn tokens and NFTs.

The price of NFTs also depends on the demand and supply but it's affected by the bear market so do not expect that the NFT that you bought last year can be valuable today. Just keep holding and wait for the right time if the market becomes bullish again your NFT might become worth selling.

Zotak337

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I only have 1% NFT in holding while the 99% are on BTC ETH and few other ALTs I'm not a NFT believer even the little I have are play 2 earn in game NFTs, I prefer metaverse coins over NFTs they just don't make much sense to me.

_act_

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Lightning network is good with small amount of BTC

Did you remember in 2020 before halving when people were searching on google about bitcoin increases, bitcoin price later increased significantly. I am not a fan of google and I will never be because of the ads and users data google often collect to displace ads which can be legit or scam. But google can be an indication of what is reigning in the world.

Google Trends data reveals that no one cared about metaverse or NFTs in 2022

You can read it from that link, people searching for NFT which I am mostly concerned about are reducing, if non fungible tokens are not reigning, you know what that means, that some people can buy high but later have no option than to sell low. Only 2 months passed, let us see what will later happen.

I hope some people do not miss to read NFTs illicit activities. I only want to bring out that some people are selling NFT to themselves. Mr A can sell NFT to himself to another address, making people to think he sold the NFT to another person. Let us say he sold it to himself at $300, it fooled people and increase the price to sell it to Mr B at $500.

NFT can be worthless one day, I am not sure of this but we need to be careful.

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