Bitcoin Forum

i have been watching closely the crypto market and I wanted to ask if the bull market that affects crypto also affects THE NFT markets. most NFT Markets that I know have a close groups or secret groups where they instruct their owners and creators to increase the price of their NFTs. i have never seen where such is been done and I don't think that is how the crypto space works.
What determines the price of NFTS?

It doesn't affect the NFT market. The correct thing is the dump that happened with BTC and ethereum have been decreasing the price floor and they must have re-adjust their price to make sure the dump would not decrease the price of their NFT. I never seen that if the bullish trend in the crypto was affecting NFT market but the bearish trend does it for sure. NFT was getting priced in the stable coin or major coin like ethereum. it's likely the dump was forcing them all to increase the price of their NFT in ethereum term.


Are you sure about this? I never heard before. NFT market was an open market and anyone will be free to give the price for their NFT. I'm sure that if there was such thing and it's not all of members will be following the instruction.

Uniqueness, rarity

NFT and other markets will always follow the status of bitcoin, if bitcoin is bullish they are bullish, if not then they'll be bearish.

The hype of the market always starts if bitcoin has a bullish movement.
IIRC, altcoins were not bullish until bitcoin hit its ATH last year breaking the $20k (more less) ATH, and then the bullish run starts or we call an altcoins season for the altcoins market.

Probably in terms of the price, for example today the price of a certain NFT is 0.005 is worth $200 and if the price of the Ethereum increases then probably the value of that NFT will increase too. That's the only way I see how it affect the NFT markets, it is in terms of the price and value of the cryptocurrency.

The determining factor in the price of this resource is to a greater degree of uniqueness, and the significance of the item itself. In theory, this should be assessed as a matter of art, as a picture on an arration or sculpture, so that it is a lot of collectors to determine what is expensive and what is cheap.

NFT market is general term did you mean the value of arts or about how many people will try to buy NFTs.
Price of NFT art is diffrenet and shoud not be effected by crypts price as most of them withdrawal them coins once it sold.
About NFT tokens yes it will effect but NFT must be a thing what need to stay for a long time so it should be good for long term

I am afraid, that NFT will be one of the areas of crypto that will take the biggest plunge if we slip into deep crisis. And while coins will recover during the next bull run, current NFT will probably just be replaced by new one and will loose value. I cant see how in a current bombardment of NFT, people expect the price to be higher then it’s the cycle 2017-2021 repeats again.

The increasingly acceptance of digital assets in the market can encourage NFT trade growth.
The development of the movement of digital art lately managed to encourage NFT's popularity. The development began with Twitter boss, Jack Dorsey who managed to sell his first tweet some time ago.

What do you mean by Bull market in NFT? It is a hyped based market, the more hype of a project the more chance the project will stay long. The only cryptocurrency factor that might affect this market is the price value in USD. If the there is a Bull market then the USD value increases and vice versa.

The important thing here is whether people's interest in NFT will decrease. In a bull market, people can invest in many assets with the ambition to win. But in a Bear market, things change completely.

Of course, it does. Is NFT a separate market from the crypto market? they're part of the market so they're also affected by bulls and bears.

They really are the ones to dictate at what price they're going to sell their NFT artworks. So if they want to sell it cheaper, they can sell it at a cheap price.
If they want to sell it higher, they'll just set the price higher in the NFT marketplaces where their NFT arts are for sale.

What determines the price of NFTs remains on the number of requests and also on the number of fans because it is a very common thing for game and content lovers and for those who know how to use them.

indirectly, yes it affects in another sense. not only during a bull market, during a bear trend will also have an effect. because the purpose of people buying NFT is also as part of the investment.

can you prove this? because I doubt if there is such a group.

speculation, uniqueness, rarity, and who made it.

Things might change if the market is mature enough. Atm the hype for NFT is heavily driven by the movement of major alts, so the price floor can change quickly. When people see nft as a standalone digital art and most of them refer to stable coin, it might not be affected as much as today. Who knows when that happens though, there's a high chance it won't. Just like other businesses born in the bullish market.

NFTs are also part of the cryptocurrency community and at that it only take some time to see whatever happen in the price of bitcoin and other digital currencies to reflect on NFTs if the dump continue then in no time we are Gina see NFTs price also getting dump.

You said it yourself that secret instructions are there to increase NFT prices and this is very much true in any hype market including ICOs. NFTs maybe easier because fewer tokens and anyone can conspire with whales to buy up big NFT amounts and then resell it to other whales for even bigger profits.

Wait for bear market to come,,, people will not be so willing to pay thousands for useless digital animals.

I have to say that EVERYTHING gets affected by it, there is nothing that could be impacted as much as NFT because right now everything that happens becomes 10x with the most hyped and recent thing. NFT is the most important thing is that hyped right now, obviously it is not going to be like this forever and something more common will come out. However at the end of the day right now NFT will get a big increase lately but this is not going to be forever, eventually it is really just not going to be affecting NFT at all and we are just going to have to accept that old stuff do not get impacted as much.

ICO coins are still there, not commonly of course but things like ADA started with ICO and they do get impacted by bull market, just not as much as NFT right now. This is why I believe that there is not going to be any hype around NFT one day but it will still be just around.

That’s not healthy to purely manipulate the price, if its true then that NFTs can’t survive longer as they manipulate it. NFTs price depends on its rarity and depends on their function, if its an NFT with purpose then it could be a good one so when the market pumps, it will also pump even if they didn’t manipulate it. NFTs price should be based on its demand and supply, this is more healthy and safe for me.

If I'm not mistaken, even ETH and BNB started with ICO and they are still very successful now.
Every hype brings success of a certain crowdsale platform but as the reality speaks for itself, only few will survive as the rest would just slowly disappear, so some NFT might stay while majority of them will just fail in the long run.

Exactly, invest while the hype is still here but always choose what NFT projects to hold for a longer term.