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Author Topic: Several reasons explaining the Crypto Price Crash (without BS)  (Read 511 times)
NotATether
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June 29, 2022, 08:52:50 AM
 #41

One more to add:

  • NFT
  • The NFT market is pretty bust - it was a complete bubble that got burst (look @ ApeCoin for that matter - $3.78 seems quite "expensive" despite its peak at $25 a few months ago)

Of course, if you own a Van Gogh painting and want to make an NFT out of that and sell it, you'll still fetch a couple million dollars for it as it's the only one in existence.

Same with screensavers - and I am specifically referring to the animated elaborately-designed ones with shading and lighting effects like the DirectX screensavers made by MS for Vista almost 20 years ago (Wow, the world has really missed good screensavers) or perhaps the almost-as-good Windows XP-packaged screensavers, not 2D xscreensaver pixel art. These things would fetch a price of say 1-10ETH i.e. roughly 4 digit figures.

Almost everything else being sold on OpenSea is garbage including the Bored Ape trading cards so I wouldn't be surprised if NFT flippers have been left high and dry with this bear market.

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Retiicle
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July 01, 2022, 05:31:35 AM
 #42

Some of the drops in the prices are caused due to the combination of factors like: Excitement about low-quality coins, to negative remarks from Elon Musk, to China's recent crackdown on crypto services
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