News like this are the main reason behind NFT boost
https://www.cnet.com/news/christies-nft-auction-closes-at-69-million-as-digital-art-sets-off-a-gold-rush/
With the success and attention towards NFT, almost all of the new coins have added NFT features or at least claims to develop that in future. This has created a similar circumstance as Defi hype. The early investors would surely profit on it, but it would have risks involved.
Topic: Why are NFT Tokens booming? FOMO? - page 3. (Read 377 times)
I don't doubt that there is future in NFT especially with game industry, but If we look right now from my understanding there is hardly any games out there right now that use NFT for the market to be this hot.
I know there is alot of hype being created in the media about rich people buying NFT and the insane prices etc, but at the moment I cant see average folks spending alot of money on NFT avatars etc, I just feel like there isn't much actual progress to show for right now and the whole FOMO is just based on tabloid news about NBA, Mark CUban and speculations of what will happen in the future, and how long can this FOMO be maintained for the prices to keep going up.
On a different note, does anyone know if the majority of crypto gaming industry is radically changing their plans to include the NFT's ?
I know there is alot of hype being created in the media about rich people buying NFT and the insane prices etc, but at the moment I cant see average folks spending alot of money on NFT avatars etc, I just feel like there isn't much actual progress to show for right now and the whole FOMO is just based on tabloid news about NBA, Mark CUban and speculations of what will happen in the future, and how long can this FOMO be maintained for the prices to keep going up.
On a different note, does anyone know if the majority of crypto gaming industry is radically changing their plans to include the NFT's ?
Yes, pure FOMO, others compare it to ICO craze.
Just look at ENJ right now, more than 30% surge in price, no one can explain except that it is being use as NFT tokens. I'm not really sure though, this is different, and I have a feeling that it can be sustain for a bit, NFT arts, specially NFT game tokens. We all know that there are a lot of gamers, it's a worldwide phenomena in the last 5 years or so. NFT might grow big in the future.
Just look at ENJ right now, more than 30% surge in price, no one can explain except that it is being use as NFT tokens. I'm not really sure though, this is different, and I have a feeling that it can be sustain for a bit, NFT arts, specially NFT game tokens. We all know that there are a lot of gamers, it's a worldwide phenomena in the last 5 years or so. NFT might grow big in the future.
It is a way to take full advantage of the features from defi, this new trend I think next time it will create a new wave for projects to build and develop. I think 2021 will be a year when the NFT really makes a fever and its heat is increasing as the time of NFT auctions has so much money to say is unimaginable.
I also think it is attracting a lot of people. And the market will have new money, and we will have a new cycle.
To me, NFT is not of much value, but it is okay to put the profit first.
It is a way to take full advantage of the features from defi, this new trend I think next time it will create a new wave for projects to build and develop. I think 2021 will be a year when the NFT really makes a fever and its heat is increasing as the time of NFT auctions has so much money to say is unimaginable.
I understand the use behind it, I especially like the idea with NFT items in games etc, it's just that there isn't that many games out or people that use NFTs now at the moment and I don't think average Bitcoin user is spending hundreds or thousands on NFT art, so I think the price is just driven by FOMo and momentum but it can't be going up so fast and continue to do so, any reason you believe it won't crash soon?
I am wondering why are NFT tokens so hot right now?
It's caused by in NFT you can use your NFT to own something special just like rare card, rare art or something else.
So is this insane rally based on Hype and FOMO?
Yes it is based on the FOMO. I do believe FOMO will be ended soon but the opposite thing might happen anytime. Do you predict the price rally will cool off and retrace soon?
Im quite skeptical with it but it looks like NFT becomes even stronger from day to the day. I don't think the price will retrace soon. I will keep watch the market dude.
I am wondering why are NFT tokens so hot right now?
The gains in the last week are pretty significant.
I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.
So is this insane rally based on Hype and FOMO?
Do you predict the price rally will cool off and retrace soon?
The gains in the last week are pretty significant.
I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.
So is this insane rally based on Hype and FOMO?
Do you predict the price rally will cool off and retrace soon?
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