Topic: Is the Nft hype-cyvle is over? - page 3. (Read 491 times)
I wouldnt say that the NFT hype is over however, we will likely start to see these cash grab copycats start to peter out as the real projects start to gain more value. Much like all the ICOs of 2016-2018 people will get tired of all the anon projects and false claims of a pipeline. As long as you are putting money into solid projects and teams NFTs will likely have value for a long time. There is still quite a bit of speculation involved in which ones those will be and how they can be used and implemented going forward but there will certainly be some long-term winners.
Well, I would say the NFTs had a good trend but nowadays i don't seems to fathom how the trend is going, perhaps the trend or hype is slowing down on a daily basis, and if one is to watch the crypto space now, we can see that a lot of DeFi features and activities seems to be going on, in fact a lot of blockchain platforms are already building massively on DeFi and not only that, a lot of projects on several blockchains are already carrying out developments to offer one Defi services or the other. Therefore, I think I would say that the hype is gradually going back to DeFi and this time around, not just for specific blockchains like Ethereum or Bsc, but for a whole lot of other blockchains like Solana, Avax, Fantom and so on.
Lastly, one thing with trend is that, it is good to join on time and make the best out of it, those who joined NFT on time must have made their gains.
Lastly, one thing with trend is that, it is good to join on time and make the best out of it, those who joined NFT on time must have made their gains.
The signals are that people's interest in the market is growing, perhaps profiting from that hype won't be a problem.
A lot of NFT projects have achieved amazing returns, and I think sometimes the FOMO is the exaggerated nature of the market at this stage.
The most important thing is to be able to take advantage of every moment and every opportunity that exists in the market so that the profit target can always be achieved under any conditions or in the cryptocurrency markeA lot of NFT projects have achieved amazing returns, and I think sometimes the FOMO is the exaggerated nature of the market at this stage.
but it requires instinct and precise timing, and maybe this can be done only for a few people who really understand when they take a position in crypto.
and the people who are sorry here are ordinary people who are still beginners and still don't know how to see potential and TA so they often use their intuition to guess the market.
because no matter what happens, complaining about the hype and fomo is not a good solution.
rather than complaining about it, it will be very useful when you try a little more to new things, for example developing research or maybe studying TA more deeply.
I've been following crypto this recent days and I am surprised about the amazing hype of NFTs, some of the NFTs are selling for unimaginable amounts of money, and many have become millionaire because they are being early or by being part of the minting process.
However, September has not been as wild.
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September. What does this all means? Is the NFTs hype- cycle is over?
That is a normal thing in this space. When a new idea comes in, a lot of people would like to buy it. It is automatically becomes a trend in the market, but as time goes on you will notice that the interest in this particular area has been declining. From ICO,decentralize finance, STO, etc.However, September has not been as wild.
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September. What does this all means? Is the NFTs hype- cycle is over?
It has always been like this for all of them. When it comes out newly is always a trend, but when a new one comes out it replaces the old one. now that NFT is losing its momentum in the market, a new trend might come up anytime soon. Let’s just wait and see.
NFT has its own value and usage environment. NFT projects are constantly being launched and valuable over time. The NFT market is entering a steady state instead of a hype, which in my opinion is good because hype can cause a crash and mess up the market.
The signals are that people's interest in the market is growing, perhaps profiting from that hype won't be a problem.
A lot of NFT projects have achieved amazing returns, and I think sometimes the FOMO is the exaggerated nature of the market at this stage.
The most important thing is to be able to take advantage of every moment and every opportunity that exists in the market so that the profit target can always be achieved under any conditions or in the cryptocurrency market, because no matter what happens, complaining about hype and fomo is not a good solution.A lot of NFT projects have achieved amazing returns, and I think sometimes the FOMO is the exaggerated nature of the market at this stage.
but I see here a lot of newbies who are complicating things themselves. Sometimes they don't understand how important it is to be patient with everything in this market, and I think everyone needs to trade something in order to get something in this market. With NFT, we should not evaluate them baselessly, when the potential has not been fully exploited, there are many other things.
I've been following crypto this recent days and I am surprised about the amazing hype of NFTs, some of the NFTs are selling for unimaginable amounts of money, and many have become millionaire because they are being early or by being part of the minting process.
However, September has not been as wild.
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September. What does this all means? Is the NFTs hype- cycle is over?
In the past years, the month of September for cryptocurrency has been rough, justl ike in Bitcoin, so maybe it is also happening and does happened to affect NFT too, just for this month. However, NFT will be here for long, and it will always be hyped over and over again. It is a great investment IMO, specially to those projects that you can earn their tokens in just doing some simple task or playing the game. However, September has not been as wild.
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September. What does this all means? Is the NFTs hype- cycle is over?
Its not nearly over yet. People will loose interest only after/if we see a huge drop of crypto, right now, greed is still too strong. For god sakes, even Snoop Dog started his NTF sandbox game two days ago https://twitter.com/SnoopDogg/status/1441076327948316686
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September. What does this all means? Is the NFTs hype- cycle is over?
His speculation only refers to this month, so it's not "enough" to classify the NFTs hype is over. Let's give it another month and see what would happen at that month.The trading volume decreasing continuously could be because it's so easy the price to get manipulated by a single person and people knows how to abuse it, so buying NFTs and such would be an easy to way lose your money because it's not profitable for now, at least from what I am seeing.
The ups and downs of transaction volume in the crypto space are commonplace, it's not a surprising thing, maybe for some people think that the NFT trend is starting to fade, but in fact there are still many people who believe in the potential of NFT and buy it, the NFT trend is still in the middle. safe level, he does not dim just rest, there are still many NFT-based projects that are currently of interest.
I've been following crypto this recent days and I am surprised about the amazing hype of NFTs, some of the NFTs are selling for unimaginable amounts of money, and many have become millionaire because they are being early or by being part of the minting process.
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September. What does this all means? Is the NFTs hype- cycle is over?
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September. What does this all means? Is the NFTs hype- cycle is over?
well what happened also relates to the current bitcoin price. and I think it's still reasonable, a lot of good NFTs are still in the development process and i think there is still many people wait for something new nft concept will exist in this industry. maybe it's only because of the bitcoin market conditions that have an impact on the NFT trading volume decrease compared to before.
There's still quite a bit of interest in the NFT space but I'd say that most of the frenzy is gone now.
People are getting to the actual uses of NFTs now, which is as a digital avatar or to allow for royalties to be collected on a very streamlined basis
I think that the space is very interesting and worth a watch in the future, but not many projects are worth buying at current prices.
People are getting to the actual uses of NFTs now, which is as a digital avatar or to allow for royalties to be collected on a very streamlined basis
I think that the space is very interesting and worth a watch in the future, but not many projects are worth buying at current prices.
I don't think NFT demand will continuesly decline but the hype maybe will decrease due to recent scam NFTs and the current FUD in crypto. NFT is not yet over. The drop of demand could be a cause of the sudden dump that affect all cryptos including NFTs.
The signals are that people's interest in the market is growing, perhaps profiting from that hype won't be a problem.
A lot of NFT projects have achieved amazing returns, and I think sometimes the FOMO is the exaggerated nature of the market at this stage.
A lot of NFT projects have achieved amazing returns, and I think sometimes the FOMO is the exaggerated nature of the market at this stage.
The same thing has ever happened with defi, when defi TVL and daily trade volume was going down on the several platform and there's a big boy that said if the trend gonna be end and that's BS. The hype will stay forever and it will not go to the somewhere. I guess it's too early to say like that as more and more NFT game was also coming and some new NFT projects were able to gaining more than 150x ROI instantly.The new nft platforms were about coming again very soon. that proves if NFT trend was still alive and it's not dead yet just because the volume on opensea was decreasing. There are hundreds thousands of active players on NFT game. The NFT artwork may become a different case caused by this is not so attractive like NFT game. People are taking BS created by big boy. The hype cycle can come anytime. none knows about this for sure but just watch the market.
That I think was right. We can't just have to expect them to rule the market for long but rather to think that some of these projects will soon die like in previous projects (ICO, IEO, Defi). So I could say this was not surprising anymore, in fact, only gaming NFTS is able to surge and gains market attraction while the others are already abandoned.
I'm worried about if these projects went bad as the market showing a downtrend motion and making no chance of recovery. Or the current situation will create panic selling which drives out NFT projects in the market.
I'm worried about if these projects went bad as the market showing a downtrend motion and making no chance of recovery. Or the current situation will create panic selling which drives out NFT projects in the market.
Not yet but soon especially if the market enters into another bear market, we might see many NFT projects to slowly dying, and its happening already in some NFT games the top games before are now experiencing a big down fall. Well, this is expected and many will follow the down trend, the hype will slowly fade away.
According to Alex Thorn, from Galaxy Digital, NFTs daily trading volume has continuously declined every day after the start of September.
I gues you're reading the news related to him, right? What does this all means?
It means nothing for sure, up and down in the daily trade volume is just a common thing. You can't expect if the volume will be growing anytime. there will always be the time people are moving to another trend and this will make the volume goes down. This is happening with defi in the past too. Is the NFTs hype- cycle is over?
It's not yet over and it will remain forever like defi. I meant crazy buy for the NFT may be over but it's not with utility use case that can be offered through use NFT. you must also see a coin and the volume of this coin going up when there was a huge announcement but it goes down again. 
The NFT theme is just gaining momentum. If now the majority of NFT tokens are useless and are sold by well-known personalities, then then tokens will appear that will have real use in games or will be a means of calculation in various projects. But with the current fees on Ethereum, this is not possible.
https://etherscan.io/block/13282942
https://etherscan.io/block/13282942
every increase there is always a decrease and the same goes for NFT because for the past few months NFT has been hype and even overhyped because the NFT invasion was so crazy a few months ago.
other than that, September always seems bearish considering there were several bearish cases in September and it's not even possible that we are on that path right now.
but actually this is very good for nft because considering the price increase it was too crazy in the hype a few months ago and there has to be a bit of stagnation and decline for it to stabilize.
other than that, September always seems bearish considering there were several bearish cases in September and it's not even possible that we are on that path right now.
but actually this is very good for nft because considering the price increase it was too crazy in the hype a few months ago and there has to be a bit of stagnation and decline for it to stabilize.
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