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Topic: NFT Trend Can Go For Long? - page 2. (Read 330 times)

sr. member
Activity: 616
Merit: 252
June 05, 2021, 03:43:56 PM
#23
So far what I know in cryptocurrency, all trending whatever it will have a time, nothing is eternal and in my opinion this NFT is just hype that will die in time or when there is a big event that makes NFT lose it will definitely be abandoned by many investors because it is not very attractive.
legendary
Activity: 3290
Merit: 1128
June 05, 2021, 03:25:05 PM
#22
As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?
I think it is going to be even bigger, because we are seeing some great innovations, however the marketing is not there and eventually all of them goes down which I am not sure is the way to go about these things, there is really nothing that keeps them up. What happens is there is some new awesome stuff, NFT used in a way that has never been used before, and then when we look at it we end up with a huge spike on early days, first one or two weeks it drops just a bit but stays there, then slowly it starts to drop more and more so much that even NFT doesn't worth to buy it.

This is why I think it is quite difficult to invest into those projects. What I think will happen is that there will be NFT projects that will make it worthy to go for it, like some pokemon battle type of NFT game that will make it very fun to play so people will be interested, or some fantasy league type of thing who knows?
full member
Activity: 1829
Merit: 134
Moderator
June 05, 2021, 02:14:30 PM
#21
Well NFT is an unique concept originated from Blockchain Technology and it's have great potential especially on Digital Games, Art, Entertaintment and many more and beside that it's introducing an new way for Intellectual property rights matters, Binance launching their own NFT is good thing since it will push more demand on the market but beside Binance there already innovative platform out there offering Useful use case like Axie Infinity For Example.
newbie
Activity: 32
Merit: 0
June 05, 2021, 02:03:37 PM
#20
I personally do not find NFT attractive for investment. It makes little sense in a few small apps that are inflated with exaggerated words.
Other than the DeFi market . What is related to NFT will soon end quickly. If it takes time to prove I believe it only takes 3 months to know the final results.
legendary
Activity: 2058
Merit: 1270
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June 05, 2021, 01:59:17 PM
#19
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?
The thing is that when Binance launches this marketplace for NFTs, it'll cause more hype and trend for NFTs, but the thing is if the hype can be sustainable/last for the long period, I prolly don't think it'll last long just like DeFi and how it quickly created many scams and hacks, but nonetheless the marketplace is going to be productive for Binance and that's for sure, but as for the NFT projects, they'll prolly be short term projects.
hero member
Activity: 2058
Merit: 761
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June 05, 2021, 01:48:36 PM
#18
Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

NFT trend is already slowing down. Sure, it has it's ups and downs, but generally, money's in the NFT related projects, not NFT-s themselves.
full member
Activity: 854
Merit: 102
June 05, 2021, 12:56:38 PM
#17
Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

I think NFT's chances of success right now are huge compared to others. Because many exchange platforms have enabled this feature. And this is becoming a new trend for crypto. I think every trend that is present has a chance for success for its developers.
member
Activity: 238
Merit: 15
June 05, 2021, 12:52:00 PM
#16
NFT will need to prove, if it's really useful and if not, it will give some huge price dumps.
Like all new tech, some parts of it will be successful, but most parts are very likely unsuccesful parts.
member
Activity: 1078
Merit: 15
June 05, 2021, 12:49:54 PM
#15
I don't really know how the NFT system works as a whole, so I'm still trying to learn how NFT is so widely adopted by various exchanges. As far as I know, the emergence of NFT is only to be used as proof of artwork certification, the rest I will study it.
hero member
Activity: 1498
Merit: 502
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June 05, 2021, 12:25:35 PM
#14
There are many exchange that launching NFTs Market. Binance the top exchange is also announcing about NFTs Market. NFT will soon become trend and will remain for a long time. NFTs markets are doing goods nowadays.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
June 05, 2021, 11:52:17 AM
#13
I didn't even see if the hype can sustain even longer more than a few quarters. I see that based on my experience with the defi, masternodes and various hype that already ended in crypto.
That being said that if this trend will not be so long. It may already ended but we can see that based on the new report of NFT sales activities in the market. Binance may help it to get FOMO but it will not be so easy as you said.
member
Activity: 120
Merit: 38
June 05, 2021, 11:49:22 AM
#12
NFT isn't on trend yet until Binance releases its NFT market on June 24. The easier people can earn money from NFT, the longer it lasts. However I have a feeling that NFT won't be as hot as DeFi. DeFi trend helped diversify and classify crypto market into various ecosystems, such as Etherum, Binance Smart Chain, Solana, Polygon... Whereas, NFT is more likely a piece lego to complete them.
member
Activity: 574
Merit: 24
June 05, 2021, 07:42:37 AM
#11
NFT trend can last longer because of its use case, everything around NFT makes lot of sense compare to meme coins that are currently trending today, many investors don't even understand what they are doing that's why they are investing in meme coins, lot of investors know the importance of real use case
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
June 05, 2021, 05:52:11 AM
#10
Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?
It will be the same as the spot trading that we're seeing on Binance and as well as the futures trading. I'm not expecting a lot from it because the market from it lately became not impressive anymore. But as Binance brings it, they're for sure going to give significance and contribution to its market. Are you going to invest with any NFT that will be on Binance's market place? if you say so, choose wisely and only invest to those NFTs that you have done your research.
legendary
Activity: 2100
Merit: 1321
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June 05, 2021, 05:35:43 AM
#9
Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?
Im sure all nft projects during their launch will be trending. All those big names such as rarible, ghst, and other nfts will be talk of the town. Im not sure hpw the nft market place will be look like and the system they will offer but if its hype then all nfts will become good project to buy. Binance know what their doing and probably they knew this would become a thing on crypto industry.
hero member
Activity: 882
Merit: 628
June 05, 2021, 03:54:58 AM
#8
NFT it seems to me have already passed their HYIP further it will only subside. There are still a lot of minuses in nft, so I'm not interested in this yet.
hero member
Activity: 2184
Merit: 513
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June 05, 2021, 03:27:20 AM
#7
Im not sure about that caused by the NFT sales already gone down so hard. This may affect the NFT market that will be launched by binance. It will be still working properly but it will got less demand compared with when the time NFT became crazy.
The launch of binance market will not make the NFT becomes massive trend again. People already familiar with it and it will become a common market for any NFT creator.
It may make the binance users will able to use NFT easily.
member
Activity: 532
Merit: 18
June 05, 2021, 03:11:16 AM
#6
Yes, I think that this trend will go on highly thanks to Binance. I've heard some news that NFT sales have gone down at a very high rate. But Binance can boost this market again.
hero member
Activity: 1316
Merit: 514
June 05, 2021, 03:04:02 AM
#5
Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

Its the biggest bubble among them all, NFT doesnt make a real sense.

its better to invest in real crypto assets than NFT that get its value out of thin air.
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
June 05, 2021, 02:33:02 AM
#4
Market is changing and there is the first signal that "the party is over"
https://news.bitcoin.com/study-shows-nft-sales-plummeted-90-nft-wallets-dip-70/

Quote
According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month.

After the last deep diving of bitcoin price we have seen NFT market have a good reaction but it seems it's already over.
https://cointelegraph.com/news/nft-volume-has-more-than-tripled-even-amid-price-crash-as-meme-com-raises-5m

Personally, despite I have some NFT (including cryptokitties and austrian crypto stamps) I am not sure this is a "endless growing" industry.
https://bitcointalk.org/index.php?topic=5320935.0;topicseen
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