It's over, most of the new NFTs out there are exploded in first few days or even weeks if lucky. But after that they are falling over to the ground and losing the price compared to the mint price which is pretty understandable.
Most of the people either the collectors and creators of the NFTs out there, they don't even know what is NFT or even crypto works in the first place and jump into it without learning it. Hence why it's falling over, NFTs are the easiest thing for norm to jump into especially most of the influencers are hyping over this stuff.
Topic: Is NFT's hype over? - page 4. (Read 2212 times)
for now the nft's is hype over because of the down market but ithink soon it will hype again if the market will like bull again. lets wait what is the n2xt hype after the bear market and bullrun is come
Actually nft's hype isn't over yet or slowed down, just trading volume is dumped because of recent incident with benddao - nft staking lending platofrm. However we likely overcome another big incident which could create huge dump in market like 3AC or Celsius incident. TBH, many new nft projects is having great sale in current time and just need to dyor before jumping into those as scammers will increase in the bear market.
NFT is 100% hype, that's my opinion about that, well, I will further explain why, at 1st why hell this piece of graphic materials has a value where anyone who has the ability to use some graphic software to design some creep images or whatever they want, then suddenly using some blockchain technic then viola! The graphic content has value.. I do remember when it was started, we all know that some rich people bought some of the digital images worth millions of dollars, but I don't if it is real or part of their agenda to catch the attention of the crypto community, and suddenly the NFT matter boom and so many developers ride on that waves, even games use that trend and create some games that no one will know if what's really happen when they play it because you can only saw the result if you are win or lose and that is the day when NFT began,, But today people are now awake, and I see it as an eye opener to everyone, For me, the real crypto has something to offer not the digital content.
for now the nft's is hype over because of the down market but ithink soon it will hype again if the market will like bull again. lets wait what is the n2xt hype after the bear market and bullrun is come
pfp hype is over - utility, real art and A.I. is moving into NFT space.
I don't think the hype is over. I believe the bad market situation is equally affecting NFTs as well.
Having said that, I also think people are beginning to lose interest in it. I for one do not really understand why I should be buying a picture for an outrageous price, couple with the fact that some person have a lot of NFT they have minted and yet, they can sell.
So, this is also making the hype die down Abit.
Having said that, I also think people are beginning to lose interest in it. I for one do not really understand why I should be buying a picture for an outrageous price, couple with the fact that some person have a lot of NFT they have minted and yet, they can sell.
So, this is also making the hype die down Abit.
The hype was overwhelming at the start of the year. NFT market value is growing very fast. but as we see today. all also gradually began to fuse.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.
Sometimes the NFT market comes back to life when looking at specific blockchains. I often see, for example, a surge in trading volumes on Avalance or Solana. But it's still a long way from last year's billion-dollar trading volumes. The interest in such assets has clearly decreased now, because in a bear market, most people are trying to withdraw liquidity, not the other way around. Occasionally, there are some small plunges that inflate token prices by 10-20 times, but they are very rare. In general, if you compare with the past activity in this area, I would even say that the hype around NFT at the moment has finally died down.
My view regarding everyone's declining interest in NFT is that the economic situation and conditions are deteriorating. So that many NFT collectors sell their NFT collections.
and the decrease in volume was caused by following the current market flow. namely throughout the cryptocurrency field itself there has been a lot of decline since January. so it's natural that NFT was dragged along too. the hype is over but the NFT world seems to be getting more positive. so the next hype will surely come when all markets recover.
and the decrease in volume was caused by following the current market flow. namely throughout the cryptocurrency field itself there has been a lot of decline since January. so it's natural that NFT was dragged along too. the hype is over but the NFT world seems to be getting more positive. so the next hype will surely come when all markets recover.
The hype was overwhelming at the start of the year. NFT market value is growing very fast. but as we see today. all also gradually began to fuse.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.
Don't let all the prices of NFT projects go down, let us be pessimistic that NFT will not recover again. Even now, the price of top coins has
dropped drastically, so it's only natural that the price of NFT projects will drop too. But it's too early to conclude that NFT will end,
I think NFT and Metaverse are new trends in the crypto world that are hype in 2021. Then because in 2022 there is a bear market,
hence making all NFT projects price drop very deep. However, it must be admitted that the risk of investing in NFT is indeed quite high,
although NFT is a new trend, it does not mean it is safe to buy. When compared to top coins, I recommend investing in top coins now.
So if we really want to buy NFT when the price is cheap, make sure we do some research and analysis first, so that we do not choose
the wrong projects for investment. I still believe NFT projects will hype again when the bull market comes, Therefore, if we want to buy NFT,
we can buy it at the current price and choose a potential NFT by doing research and analysis.
The hype was overwhelming at the start of the year. NFT market value is growing very fast. but as we see today. all also gradually began to fuse.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.
more creators and fewer fans. but it is possible that in the future there will be another explosion in the NFT market. we can probably judge now that it's all over. but when a large community or company enters the NFT market, it can be a pump for the NFT market again.
Last year we recognize hype in the NFT market as the market was bullish at that time. There was a positive perception of NFTs in various place but when the market turned bearish the hype get down. But it will rise again soon. Although some scam projects with NFT spread negative impact, many believe that NFT will occupy a big place in the next phase of technology.
I think generally people lose their interest because of first, the market condition that is generally down. So, actually, it's not only NFT but people lose interest in crypto in general. Second. because of the hype, so many people spamming the NFT market, OpenSea for example, with "useless" artworks which don't have any further utilities except decoration and a form of appreciation to the artists. However, big investors are still hoping apparently, that NFT will have real utilities in certain aspects of life like games, retail industries, etc so I also still have hope regarding the NFTS industry growth when the market condition restored
I totally agree with you, it seems like none of the tokens are doing well during the bear season so it's normal for NFT to have no hype during this time. Corporations, the company is still investing in NFT so it can't be said to be dead, things are still unclear, let's wait until the bear season is over to see who will stay and who will leave.
I think generally people lose their interest because of first, the market condition that is generally down. So, actually, it's not only NFT but people lose interest in crypto in general. Second. because of the hype, so many people spamming the NFT market, OpenSea for example, with "useless" artworks which don't have any further utilities except decoration and a form of appreciation to the artists. However, big investors are still hoping apparently, that NFT will have real utilities in certain aspects of life like games, retail industries, etc so I also still have hope regarding the NFTS industry growth when the market condition restored
hyper NFT has indeed subsided. but today I see a lot of adoption of NFT in all fields. even in every new altcoin project there is always an NFT project in it. so NFT has now entered into all industrial fields as well. and this is a positive thing. but again I emphasize. that NFT is more suitable for collections and hobbies. and is not recommended as a place of investment.
in january there may be many investors who are interested in NFT so that the monthly volume of NFT has increased tremendously. even NFT is at its peak. but after that interest in NFT decreased steadily. and even from the data taken in May we can see in the image below. that the monthly volume of NFT has decreased by almost 75%. but of course this is because of the global economic crisis situation. and this decline occurred not only in NFT but in various other sectors including Crypto and stocks.
Sourch:
www.theblockcrypto.com
and if you look at people's interest in NFT, you also see a lot of decline. we can see this from the data from the NFT search keywords on google. Even if the decline is seen from January to May, it can be said that the decline has reached 74% as shown in the image below.
Sourch : Google Trends
in january there may be many investors who are interested in NFT so that the monthly volume of NFT has increased tremendously. even NFT is at its peak. but after that interest in NFT decreased steadily. and even from the data taken in May we can see in the image below. that the monthly volume of NFT has decreased by almost 75%. but of course this is because of the global economic crisis situation. and this decline occurred not only in NFT but in various other sectors including Crypto and stocks.
Sourch:
www.theblockcrypto.com
and if you look at people's interest in NFT, you also see a lot of decline. we can see this from the data from the NFT search keywords on google. Even if the decline is seen from January to May, it can be said that the decline has reached 74% as shown in the image below.
Sourch : Google Trends
Still a lot of artist continuously creating NFT. So, I think the NFT hype is not over yet. It is just temporary because of market condition that's why the demand for it suddenly decreasing. Also NFT's are lack of usecase and only those people who love arts and understand it will patronize such NFT arts.
Not only famous artists are constantly creating NFT but also big companies are starting to enter this NFT field, so saying the hype of NFT is over is incorrect. In a bear market like the present, neither NFT nor topcoins can avoid dumping, so we cannot rush to conclude whether the NFT is over. I believe NFT will continue to be used and its hype will return soon when the bull market comes, maybe it won't be overblown but there will still be a lot of NFT projects going on and developing.
I think that these companies had planned this NFT integration when NFT hype is at its peak. and released it just now. I do not think that NFT hype is as strong as before, I think it is already gone now. NfT will continue yes, but I do not think that it will regain its hype just like before. The company is just doing this NFT stuff just to follow the trend.
Still a lot of artist continuously creating NFT. So, I think the NFT hype is not over yet. It is just temporary because of market condition that's why the demand for it suddenly decreasing. Also NFT's are lack of usecase and only those people who love arts and understand it will patronize such NFT arts.
Not only famous artists are constantly creating NFT but also big companies are starting to enter this NFT field, so saying the hype of NFT is over is incorrect. In a bear market like the present, neither NFT nor topcoins can avoid dumping, so we cannot rush to conclude whether the NFT is over. I believe NFT will continue to be used and its hype will return soon when the bull market comes, maybe it won't be overblown but there will still be a lot of NFT projects going on and developing.
What affected nft hype is currently the dump in cryptocurrency market and I don’t think the hype can come back, I know a friend that minted 1 NFT at 1.5 sol, sol was around $100 after minting the nft pumped to 3 sol per nft but sol price dumped to $43 which is bad because the amount he bought sol is down by half. Currently if a nft is minted it those not pump they way it use to pump when the market was still good.
No it isn't the bear market or dump that affected NFT. NFT are overpriced stuff and some of them maybe a washed trade. Meaning someone who is know to that person is buying his NFT at a very high price to make an intense HYPE and news about it If you look at the previously sold NFT at million dollar price, as a person with fund, would you buy it at that price too? I bet no.
Aside from that the integration of NFT to a Ponzi like game structure under the guise of P2E do a lot of damage to NFT market.
Yes NFT hype is over. You can see it at the history of NFT trades on CMC. Besides you can also see that less and less is getting attractive to NFT, and many had been burned and is already disgusted of it.
What affected nft hype is currently the dump in cryptocurrency market and I don’t think the hype can come back, I know a friend that minted 1 NFT at 1.5 sol, sol was around $100 after minting the nft pumped to 3 sol per nft but sol price dumped to $43 which is bad because the amount he bought sol is down by half. Currently if a nft is minted it those not pump they way it use to pump when the market was still good.
the nft market in my opinion is more alive and well than ever even if perhaps the trading volumes on opensea have decreased the nft remain an inexhaustible source of income you only need to know how to choose the right ones and know how to wait
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