Author

Topic: NFT Trend Can Go For Long? (Read 348 times)

full member
Activity: 644
Merit: 101
June 07, 2021, 10:38:04 PM
#43
NFT industry is keep growing rapidly, I can see that many artist, content creator and digital art taken alot of benefits from this technology. The total market cap of NFT coins currently US$16.773.033.674, and this still small number and in the long run will growing because more people will join and take advantages from NFT . NFT is new technology and still young market, so that still have room to evolve.
newbie
Activity: 13
Merit: 0
June 07, 2021, 04:38:28 AM
#42
convincingly the first place on the nft list by market capitalization is THETA. they are big project

excellent and with great potential are OMI as I already mentioned also and ENJ, AUDIO, OGN
hero member
Activity: 1722
Merit: 801
June 07, 2021, 04:25:09 AM
#41
Yup, I have always had the same thought about NFT and you just described it the way I see it. It’s just like a trend that people are using to make money, most especially influencers are the ones that are cashing out with it. They will do something, every little thing they do, they will put it up for a cash grab and people will be paying for it.

Let’s hope that maybe as time goes it’s going to be a market that will benefit everyone, and not mostly those at the top. I think it can still be good if utilized properly, but for now it is still a new project, so let’s hope that it is going to be one that would last long.
Many NFTs in the list Top 100 NFT Coins by Market Capitalization. CHZ can bounce and it is one of leaders in NFT. The basic when you are in market, take the leader because it will recover firstly. Crypto market, it is Bitcoin. ERC20 ecosystem, it is Ethereum. Altcoins they are top altcoins.

Projects that have some years in the market and adapted, upgraded their networks to join NFT trend will survive but I don't guarantee their price will not fall down. Most of new projects that only work with NFT will die soon.
jr. member
Activity: 619
Merit: 1
June 06, 2021, 12:57:42 PM
#40
NFTs Markets are being launched by a number of exchanges. Binance, the most popular cryptocurrency exchange, has recently announced the launch of the NFTs Market. Because of its use case, the NFT trend can last longer, everything about NFT makes a lot of sense in comparison to meme coins that are currently trending. Many investors don't even understand what they're doing, which is why they're investing in meme coins, the majority know the importance of real use cases and move to NFTs again
newbie
Activity: 13
Merit: 0
June 06, 2021, 10:37:21 AM
#39
Have you heard of OMI and seen what they do?
I think it has potential anyway ..
NFT is at the beginning
copper member
Activity: 840
Merit: 114
June 06, 2021, 10:25:08 AM
#38
I think NFT is something new that is in great demand and has a tremendous market in the future. I'm sure there will be more NFT projects in the future. We're actually not new to NFT, but nowadays it's just been talked about a lot by many communities.
sr. member
Activity: 2660
Merit: 339
June 06, 2021, 10:12:10 AM
#37
NFT trend will die faster than the DeFi trend. It is simply a greed trend and worse than DeFi trend.
Yup, I have always had the same thought about NFT and you just described it the way I see it. It’s just like a trend that people are using to make money, most especially influencers are the ones that are cashing out with it. They will do something, every little thing they do, they will put it up for a cash grab and people will be paying for it.

Let’s hope that maybe as time goes it’s going to be a market that will benefit everyone, and not mostly those at the top. I think it can still be good if utilized properly, but for now it is still a new project, so let’s hope that it is going to be one that would last long.
hero member
Activity: 2366
Merit: 504
June 06, 2021, 01:02:56 AM
#36
It will, and it's just beginning of NFT you can imagine those triple A games gonna implement NFT to their system and it's not gonna go anytime soon, NFT market until today still fluorish as ever, the thing you see about NFT being sold for million dollars are mostly just gimmick but NFT market is indeed have the potential.
See blockchain based gaming platform etc that uses NFT in their system, they are still popular until today, in a nutshell these are the modern version of cryptokitties but more sustainable long term.
hero member
Activity: 1722
Merit: 801
June 06, 2021, 12:46:42 AM
#35
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.
NFT is not actually an unique concept. If you are aware of Cryptokitties that used to very famous in 2017, you will see the idea behinds NFT is not unique.

People used to spend more than $1 million to buy a virtual cat on Cryptokitties

It's more on because Binance has a reputation already, they are one of the first exchanges who support IEO as well, so it created a lot of hype back then, but when the craze has settled down, their next move is to support the next hype which is NFT.
Binance is very creative as well as adaptive to trend of crypto market. They usually create a new trend on crypto exchanges but if they are not the trend pioneer, they will fastly adapt to a new trend.

Quote
So I'm not surprised by the move by CZ, he is a business man after all so obviously, as the trend is still hot, he pushes and now launching a market place of their own. For sure we will continue to see NFT's hype to go on moving again after this announcement.
Binance was launched and grew quickly in the chaotic period of crypto market in 2017 so that they are aware that if they don't adapt to new trend, they will lose customers and might lose their leading position forever.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
June 05, 2021, 09:53:01 PM
#34
It could go for long but not every NFT out there. Just like how it ends with ICO's and altcoins.
The strongest will survive or those who have real projects behind it and not just for making more money for their own greediness.
I have seen many NFT's that are not suppose to be kept and I think those types will go away in just a short span of time.

The trend will fade just like any other trend and something new will come. But the support will never fade just like how it is with Bitcoin and top altcoins.
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino
June 05, 2021, 08:43:16 PM
#33
The NFT hype seems to be over for the most part. We have seen the transaction volume decline by 90% although that is in great part due to the fact that the price of ETH and other cryptos has fallen so much. 10% of where it was from it's peak is still a lot of money for something with no utility. Non-fungible tokens are not the worst idea ever but they have been applied to some really dumb stuff like Twerky Pepes and bad pixel art. I can see a future where they evolve into something more useful.
full member
Activity: 798
Merit: 104
June 05, 2021, 08:14:35 PM
#32
There is a bright future awaits for NFT project as the binance exchange is going to launch NFT's marketplace. This is gonna be awesome and more exciting as this trend goes higher and higher demand make it more valuable in the market. "Going for long" is gonna happen as the innovation and technology continuously developing.
hero member
Activity: 2030
Merit: 402
June 05, 2021, 06:44:56 PM
#31
Binance's action can help this market revitalize again but I'm not sure about the "going for long" part. Because it looks like a transient trend to me. People will lose their interest in this market in time I believe.
sr. member
Activity: 1820
Merit: 436
June 05, 2021, 06:41:07 PM
#30
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?

There are probably a lot of opinions about this but for some people who understand NFT I think it would last at some point, the only problem I can see in the NFT market is there were just so many NFTs that are getting created. So with the NFTs, I don't think the demand can catch up, I don't think people are just gonna keep buying it since at the same time they also need to sell.

At this time it is still early for this to happen so most of the time NFTs are getting a big success since there are still a lot of people that are not into cryptocurrency and NFTs so there are still a lot of demand, so with some Idea, I think as an artist or could make their own NFTs and sell especially if a celebrity I mean there's a market for it but some shit arts but cost so much I just don't know about that if its gonna survive that.

I did invest in some NFT games since I think it is just buying some skins but you just can just resell it, as long as there are players I think it can hold the value.
member
Activity: 686
Merit: 28
PUGG.io
June 05, 2021, 06:19:54 PM
#29
In 2021, many new projects will launch NFT, this is a bridge for artists to publish their work. I believe that NFT is not just a trend but an ecosystem that will grow big in the next few years
full member
Activity: 896
Merit: 108
June 05, 2021, 06:19:27 PM
#28
~~
It is not a big surprise that Binance is launching their platform as they are copying anything new and wants to stay afloat in the market. The idea behind NFT is novel and there are many projects that are coming out and it is normal that we will have an influx of projects when there is a new trend and that is what we are seeing here as well. I am following a few projects as well and hopefully it will end up being successful and lets see how long this trend will last  Grin.
From this we know that Binance is a genius at reading trends in order to remain the first choice in transactions in the crypto world. With the support of a large community, it will be easy to get the attention of any innovation that is carried out. And yes, NFT is still a fairly new trend, especially since many influencers and artists are starting to look at the crypto market, especially NFT, to "perpetuate" and "promote" their work.
https://twitter.com/cz_binance/status/1401158014166441991
hero member
Activity: 2002
Merit: 535
June 05, 2021, 04:46:39 PM
#27
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 is not a big surprise that Binance is launching their platform as they are copying anything new and wants to stay afloat in the market. The idea behind NFT is novel and there are many projects that are coming out and it is normal that we will have an influx of projects when there is a new trend and that is what we are seeing here as well. I am following a few projects as well and hopefully it will end up being successful and lets see how long this trend will last  Grin.
hero member
Activity: 854
Merit: 506
June 05, 2021, 04:31:12 PM
#26
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 it won't last for too long. Just 2-3 years and nft bubble will burst.
There is no good utility of nft. It is not meant for common man.
I can predict it will be gone in few years.
sr. member
Activity: 1232
Merit: 379
June 05, 2021, 03:03:09 PM
#25
NFT trading is no longer trending as expected before, the possibility that the trend will start again when Binance launches it is certain as we already know Binance exchange produces the best and good stuffs in the crypto space, this will in turn creates more popularity to NFTs products across widely.

So I'm not surprised by the move by CZ, he is a business man after all so obviously, as the trend is still hot, he pushes and now launching a market place of their own. For sure we will continue to see NFT's hype to go on moving again after this announcement.
Binance had already gained dominance and are quietly the best amongst other cryptocurrency exchange, the launching of her own NFT marketplace comes lately but will certainly bring back the hype again that's for sure, I don't know the transaction fee might be in Binance NFTs marketplace but I believe it gonna be cheap.
hero member
Activity: 2632
Merit: 833
June 05, 2021, 02:48:18 PM
#24
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?
If the Binance exchange makes a launch about it, I think there will be a lot of people who will welcome it with a very positive value, because now NFT is also in a good trend so it will definitely last a long time especially for this year.

It's more on because Binance has a reputation already, they are one of the first exchanges who support IEO as well, so it created a lot of hype back then, but when the craze has settled down, their next move is to support the next hype which is NFT.

So I'm not surprised by the move by CZ, he is a business man after all so obviously, as the trend is still hot, he pushes and now launching a market place of their own. For sure we will continue to see NFT's hype to go on moving again after this announcement.
sr. member
Activity: 616
Merit: 252
June 05, 2021, 02:43:56 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: 3318
Merit: 1128
June 05, 2021, 02:25:05 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, 01:14:30 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, 01:03:37 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: 2184
Merit: 1302
June 05, 2021, 12:59:17 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: 2086
Merit: 761
To boldly go where no rabbit has gone before...
June 05, 2021, 12:48:36 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, 11:56:38 AM
#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, 11:52:00 AM
#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, 11:49:54 AM
#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
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
June 05, 2021, 11:25:35 AM
#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: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
June 05, 2021, 10:52:17 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, 10:49:22 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, 06:42:37 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: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
June 05, 2021, 04:52:11 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: 2254
Merit: 1377
Fully Regulated Crypto Casino
June 05, 2021, 04:35:43 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, 02:54:58 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
Moonbet.io | Web3 Casino
June 05, 2021, 02:27:20 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, 02:11:16 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, 02:04:02 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, 01:33:02 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
hero member
Activity: 1722
Merit: 801
June 05, 2021, 01:23:51 AM
#3
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 will die faster than the DeFi trend. It is simply a greed trend and worse than DeFi trend.

DeFi trend brings many DeFi platforms to help people move, swap their cryptocurrencies quickly and decentralized. At least they have really good usecases and good DeFi projects will last for long. NFT trend brings overvalued sell products and the pockets of people will not full forever. They will stop spending big money for NFTs since that this trend will die as well as derivative NFT projects.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
June 05, 2021, 01:11:28 AM
#2
Not only binance is doing this, but I also see that there are a number of exchanges that are also promoting the development of this field. I think its hype period has abated and is now a serious expression of the projects that want to pursue it, and to me this is part of the market.
full member
Activity: 524
Merit: 100
June 05, 2021, 01:05:23 AM
#1
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?
Jump to: