What do you think about NFT?

[laredo7mm]

I saw NFT hype in the market and thinking about invest in one. So I invested some of my money in one project called polkamon. Here you can learn details about it: https://coinmarketcap.com/currencies/polkamon/

This NFT project seems very good to me but the price is going down continuously. What do you think guys I should hold this token for a long run or sell-off with a loss? I still think it's a very good NFT project and could easily break out it ATH.

[Gayong88]

In my opinion, this is not because of the fundamentals but rather to the market has not been booming (NFT project) so that most traders shift their focus to more trading and uptrends.

[livingfree]

Sell in profit not in a loss.

But I wouldn't hold that for a long time so while you're having it, make sure that you're in profit when you sell it. And if you want to hold it for long term, think of it if you can bear the possibilities that it will bring to you.

All depends to your decision.

[TeQuiero]

You should dig into the project itself first. Polkamon IDO price is USD 0.4/token. Whatever the price you bought in after listing, it's too high in comparison with IDO. The price keeps decreasing under affect of bitcoin price, it's quite normal. Good news is Polkamon market cap is just around USD 27 million (according to Coinmarketcap) and hence it has a lot of chances to grow.

Regarding NFT, I think it's very trendy now. Among a lot of NFT project, I find that Polkamon is promising. Its name resembles Pokemon, the famous Japanese manga about monsters. I think you should be patient. Polkamon is just a new project and it needs time to develop.

[ecnalubma]

Oh that’s interesting but I’m more interested in playable NFT’s like Axie Infinity and Alienwords which has use cases and has really appreciating value. I really don’t understand what’s the purpose of other NFT’s aside from being collectible its so strange to me that some simple GIF are worth a lot of money unless created if it was created by a well known artist.

[Gorosden]

Believe it or not, every NFT that is build for in game transaction will bring huge ROI for early adopters than NFT that's focusing on arts only, what I feel here is that there will be more demand for in game NFT than ART NFT projects, this is a dream come true for hardcore gamers in the world

[laredo7mm]

Believe it or not, every NFT that is build for in game transaction will bring huge ROI for early adopters than NFT that's focusing on arts only, what I feel here is that there will be more demand for in game NFT than ART NFT projects, this is a dream come true for hardcore gamers in the world

I recently checked their telegram community and I learned that they are going to launch a gaming arena. Also, they have a very big community and their community members are very positive about the future of the project even after that 60% dump. I think it could easily break its ATH level very soon if no bad news came out for crypto space.

[ZAINmalik75]

I think nft is will be the most trendable concept in future many of project are accepting nft concept and working on it. You can explore the most famous nft like alien world , bitcoinorigion and many more which has a huge value now if you get #1 or near to them.
So search about nft I hope you will be intrested after exploring nfts

[mindrust]

Major scam. Worse than ICO and defi both. It is basically nothing. It is just a personalized url/pgp key/signature. It is like getting an autograph from a famous person on your t-shirt. It has no intrinsic value but since you know that it came from a certain individual, you think it has value.

[YuginKadoya]

If you would look at the game Alien Worlds it is a type of NFT game that you can mine TLM on a different planet, using various Extractor used to excavate to mine, you can surely get various cards NFT's when you mine, and these cards will surely help you gain more TLM, and as of now TLM has a value of $0.2892 USD

There are also NFT's for NBA top shot, where you can relieve different shot moment of your favorite NBA, I guess this is more on a collecting part unlike Alien World that is a game, I think this is virtual NBA cards in the past where you can surely collect digital assets and as the time goes by certain cards will surely increase its value.

But it will still surely depends on demands.

[Princejebs]

NFT has tried to gain the attention of everyone from different communities but its not expanding linear as it been shilled. It's not linearly working but  with time perhaps if the big players are still in control.

By the way, I don't get why someone will buy an NFT for 11 millions, its damn so huge. I know their is value in artistic drawings but no, i would invest that in bnb or bitcoin rather.

[rahmathidayat93]

In my opinion, this is not because of the fundamentals but rather to the market has not been booming (NFT project) so that most traders shift their focus to more trading and uptrends.

Yes, and sometimes traders also want to take advantage of the good moments at any time, so some prefer to choose what's trending in the crypto space and that I think is also a very good strategy.

[zasad@]

I saw NFT hype in the market and thinking about invest in one. So I invested some of my money in one project called polkamon. Here you can learn details about it: https://coinmarketcap.com/currencies/polkamon/

This NFT project seems very good to me but the price is going down continuously. What do you think guys I should hold this token for a long run or sell-off with a loss? I still think it's a very good NFT project and could easily break out it ATH.

I would definitely not invest in such projects. The project cooperates with Polygon (a level 2 solution for the Ethereum network), but I still do not understand what makes the Polkadot icon in the project pictures. If you know, then write about it.
This project will remind me of a meme https://dontbuymeme.com/
Meme was the first project and was popular, and now there are hundreds of such clones

[pangu]

"While BTC is a store of value, NFT is a store of culture!"

[Rabi3]

I saw NFT hype in the market and thinking about invest in one. So I invested some of my money in one project called polkamon. Here you can learn details about it: https://coinmarketcap.com/currencies/polkamon/

This NFT project seems very good to me but the price is going down continuously. What do you think guys I should hold this token for a long run or sell-off with a loss? I still think it's a very good NFT project and could easily break out it ATH.

i agree with you, NFTs are such a good investments, and this is like Pokemon cards, which got a lot of intention, like streamers on twitch indirectly promoting it by buying and opening packs live on stream, maybe in the future a lot of people would find NFTs interesting which is starting to happen now, it's definitely worth investing on them.

[Swag242]

For me nft stands for No F'n thank you lol

[Kelvinid]

No conclusion yet but I was expecting this to rally as well in their early days and just like what happens to ICO, IEO, and Defi, it burst like a bubble.

So if we have a plan investing these projects, don't think about long-term investment because that not worthy enough to trust. In short, we have to choose the best project rather than having this NFT where it is not yet proven profitable if we are going to have a big chance to gain profit.

[tanjiran]

nft is becoming more and more popular nowadays, but please be careful. Of the few nft projects I know of, some end up worthless. Initially it shows good progress, but yes it is like fast food, not effective enough in the long run.
especially for nft whose real support is less real. just hit and run, take profit and leave.

[danherbias07]

Someone dumped it real hard. From $61 to $20 and the volume got really low.
When did you buy it?
If you are in the range of $20-30 bought price then I think you are still safe. There's a huge chance you could still get ROI or a little bit of profit.
I am just basing on charts though as I don't know the project itself and all its features. You just better get out if you see a chance that won't hurt your investment because of its bad history of being manipulated.

[OcTradism]

After people saw the crazy rise of Dogecoin, they naively believed that all cryptocurrencies on the market will be set up on the Moon boosters. Old and new altcoins will be on their own boosters and will take off to the Moon.

A simple question. Will everything go to the Moon in such an easy way?

My question is they won't. Life is never easy for us like that. NFT tokens are on hype and people who get hyped will accept expensive and unbelievable crazy high price of those tokens.

Those NFT tokens won't survive on the market after more than 2 years. Let's mark my words and check it after 2 more years.