Topic: Is NFT still hot??? - page 7. (Read 1290 times)
I think the hype is still on and as long as the market is in a bull run we might even see new projects able to pump the valuations and when i checked about new projects, there are many that are planning to launch during this hype and we might even see a lot of scam in this market. Just be cautious with what you invest and the team behind the project if anyone is planning to invest in the hype.
NFTs in my opinion are still the hottest type of cryptocurrency in the market right now, they serve a market that is very large and a market of passionate users like the gaming or art industry. That way, non fungible items backed on the blockchain will always be valuable and can be used for financial transactions in the Defi space.
The animal meme coins however shouldn't be taken too seriously, mist of them will die off just as fast as they were created
The animal meme coins however shouldn't be taken too seriously, mist of them will die off just as fast as they were created
They are just in the early stage of this business. I believe NFT will boom in the coming months or years to come. Once these athletes, personalities, celebrities learn how to use the NFT concept to sell their works, it will be the new hype in the entertainment and sports industry. As we are still in the pandemic, and it will not go away anytime soon, this NFT idea will be a new way how to connect with their fans all around the globe. So yes, this will going to be hot in the next days to come.
I t will swing as bitcoin swings, that is my take. There is a lot of hype involved in most of the crypto happenings. NTF do have an use case, but not really the one we are seeing in the news, such as having a beeple that anyway anyone can see and replicate regardeless of the will of the "owner". The use case value is far below the prices being paid today, just like Magic cards real value is far below the prices paid today.
NFTs in my opinion are still the hottest type of cryptocurrency in the market right now, they serve a market that is very large and a market of passionate users like the gaming or art industry. That way, non fungible items backed on the blockchain will always be valuable and can be used for financial transactions in the Defi space.
The animal meme coins however shouldn't be taken too seriously, mist of them will die off just as fast as they were created
The animal meme coins however shouldn't be taken too seriously, mist of them will die off just as fast as they were created
I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market. Will the market be more stable in June?
What the hell is an Animal coin? Lol it's the second time I am hearing about this on this forum. Are you guys talking about meme coins like Doge coin and the newer Shiba Inu coin? Stop calling them animal coins. And I don't think they have anything to do with NFTs (but memes do sell real good in NFT market. I have seen people selling meme for hundred thousands of dollars. Insane!).It's no longer hot like it used to be. The trend/hype seems to be dying eventually. Don't hear about them much anymore.
Eventually these "animal" coins got a super hype and their prices reached to a point where it shouldn't have reached. Which means maaaaybe there is a possibility that "animal coins" stole the hype away from NFT projects and that is why people are asking if NFT still hot or not. That is what I understand about the situation, I am not entirely sure about it but that seems to be the case for now.
Yudhisthir has a good point here... First of all, NFT really brought something new for all of us! Like always, there're people who try to exploit everything well, and like any other hype, NFT hype had many scams and frauds! But in the end, good things will last, and I think NFT is here to stay! Not just that, it will grow a lot more as it gets more popular, and we are going to that digital future, so everything crypto-related will get more popular in the future for sure!
On a serious note, NFT noise is starting to die off and I think their season of popularity and hype is gone, in cryptocurrency space, a new thing makes the odd things fade away, and as such, new projected coins are finding ways to implement new features into their ecosystem, NFT is trending and most of the projects are into it.Yudhisthir has a good point here... First of all, NFT really brought something new for all of us! Like always, there're people who try to exploit everything well, and like any other hype, NFT hype had many scams and frauds! But in the end, good things will last, and I think NFT is here to stay! Not just that, it will grow a lot more as it gets more popular, and we are going to that digital future, so everything crypto-related will get more popular in the future for sure!
On a serious note, NFT noise is starting to die off and I think their season of popularity and hype is gone, in cryptocurrency space, a new thing makes the odd things fade away, and as such, new projected coins are finding ways to implement new features into their ecosystem, NFT is trending and most of the projects are into it.
I think the community will focus more on NFT in June, once the NFT marketplace is launched by one of the main exchanges. It is true that the meme coins have gained the attention over the all other assets in last week but due to the high risk, uncertainty, sudden collapses, unavailability of feasible underlying projects, etc. will make them disappear from the market in the long run. I believe that he NFTs have a strong base than so called meme coins.
~snip~
Meme is likely a hobby of sharks. Will it still grow as fast as 2021 when they're out of fun? Maybe there's going to be another new trend that would come at the end of this year. Based on experience, it's not the same year after year so after this, I don't know what's next.
I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market. Will the market be more stable in June?
Also define stable?
All green dildos and constant growth doesn't mean market is stable.
Watch a video form CB on coin local and long term top prices, it should give you a good idea
NFT highlighted another good use case of blockchain. It was not a new thing but has not been used and talked about mainstream while the NFT hype made it know to everyone. Like any other hypes, NFTs were followed by scams and scammers and was defamed by some media but it would overcome this situation and remain as an important aspect of blockchain and cryptocurrency. Good NFTs would stay.
I agree with your point of view. I also hope the NFT wave is always received positively in the future.Yudhisthir has a good point here... First of all, NFT really brought something new for all of us! Like always, there're people who try to exploit everything well, and like any other hype, NFT hype had many scams and frauds! But in the end, good things will last, and I think NFT is here to stay! Not just that, it will grow a lot more as it gets more popular, and we are going to that digital future, so everything crypto-related will get more popular in the future for sure!
I think on this NFT trend has End becouse from two Month i don’t heard anything more about Non Fungible token also not come any Hot news about NFT on crypto Market but now Meme Coin is more Trending topic on the market. Now it is time of Memecoin.
Are you sure? Among us users, this topic has become less discussed but people in the outside world are selling every day. Here are the recent multi-million dollar sales https://twitter.com/emrata/status/1393197391617183751
https://twitter.com/withFND/status/1393321260537372675
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NFT is not yet to be hot. Binance has just raised some small interest on NFT by announcing NFT market in June. As long as that dedicated market launched, NFT will become hot.
You saying NFT is yet to be hot because of Binance announcement for the next month market mean you don't follow the market news or to check the Coin market cap to see how well the NFT market is doing because this is Billions market capital we are talking about.It can be a perfect complement to De-Fi and take De-Fi to a new level.
NFT is already complement to DeFi cause that's what most new NFT project are doing.Talking to Binance alone, being the pioneer in the NFT field will boost its ecosystem.
I don't doubt but Binance have already joined the NFT project. Do you know that they have created IDO platform for DeFi, NFT and others altcoin project?But the foremost condition for NFT is bitcoin. If bitcoin moved to downtrend then NFT would have no space to shine.
Not in every market and this current market is an example cause we're in altcoin season. 
I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market. Will the market be more stable in June?
What do you mean by ANIMAL COINS? Are they now exist together with NFT's. Next month is June but I never heard good things about NFT this time. Maybe I could say that these projects will turn down pretty quickly unlike Defi projects.
BTW, it looks like you missed the news of Binance NFT platform. Binance make an announcement to launch NFT Marketplace in June which hype up it again as Binance is top tier exchange with huge traders. Not only this, bsc hype is also going on which might again boost up with NFT for this. DeFi projects with high apy will be a shit one, but potential DeFi projects are still doing well in this market.
I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market.
This is always the situation we experienced in the crypto market, when the market is doing good gaining more awareness, the next thing you'll see is the people that will abuse the decentralization and the freedom of the market and if care is not taking the NFT market will end just like the ICO market.Will the market be more stable in June?
No one can tell if the market will be stable but it will definitely get back on track. However, market ought to at the first or second month of the Q4.
NFT is not yet to be hot. Binance has just raised some small interest on NFT by announcing NFT market in June. As long as that dedicated market launched, NFT will become hot. It can be a perfect complement to De-Fi and take De-Fi to a new level. Talking to Binance alone, being the pioneer in the NFT field will boost its ecosystem. But the foremost condition for NFT is bitcoin. If bitcoin moved to downtrend then NFT would have no space to shine.
I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market. Will the market be more stable in June?
What do you mean by ANIMAL COINS? Are they now exist together with NFT's. Next month is June but I never heard good things about NFT this time. Maybe I could say that these projects will turn down pretty quickly unlike Defi projects.
Anyways, many of us are thinking that NFT's will give us market gains but can't rid out of mind thinking some negative while remembering what it happens to the previous crypto projects. I was seeing the same scenarios to come.
Hopefuly, the main NFT hype is ended. Maybe people will soon understand that real cost of pixels is zero
The press has re-fomoed the NFTs, so I hope it's not extinguished but will come back stronger in June. Magma hot.
I am actually considering to try one game that needs to buy something (NFT) before you could play the game.
Yes, I won't say the name or else I will be branded a shiller again.
Some say it's a good investment and you will earn more than what you paid for in the long run. I just have doubts since it had been running for too long and I might be too late to ride the boat. But friends are urging me to do it as early as I could, which means now.
It is difficult to know where to invest in the right place. Usually, I always invest an amount that I accept to lose in a place where I don't know for sure. Investing always comes with risks. Just accept that risk, then I think you can make a reasonable investment. I am actually considering to try one game that needs to buy something (NFT) before you could play the game.
Yes, I won't say the name or else I will be branded a shiller again.
Some say it's a good investment and you will earn more than what you paid for in the long run. I just have doubts since it had been running for too long and I might be too late to ride the boat. But friends are urging me to do it as early as I could, which means now.
NFT is going to stay hot for a while if not forever. It's really good way for artists to make money out of their works.
The amount of money their fans poured into NFT would be a great number. Fans never regret their idols. Jump to: