Is NFT still hot???

[PrivacyG]

NFTs are here to stay but the hype will certainly die out if it hasn't yet.  If you check out all previous hypes, you will find most of them are dead today.

This happens mostly as a consequence of our greed as during hype we somehow get a feeling of despair and want to quickly join in and earn with everyone else.  The hard-hitting reality is that most people are in fact on a loss instead, even though the 24h percentages make it seem like they are not.

NFT has been trendy a while ago.  Altcoins in general have soared significantly since 2021.  It may be a great time to get out temporarily because Bitcoin may be the one to grab all attention soon.

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Regards,
PrivacyG

[zasad@]

I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market. Will the market be more stable in June?

Don't trade on this market if you don't know what to buy.
https://www.coingecko.com/en/nft
The price of NFT project tokens is falling and this market is greatly overvalued. Many projects have issued their tokens, but they do not have working solutions for users.
We do not know who will win in July - bulls or bears, but do not invest in overvalued projects that have already grown many times over.

[Woodie]

I always hear people talking about NFTs on platforms like twitter,facebook etc but the funny thing is are they that popular here on the forum...am afraid not.

And for someone like me that spends much time here it gives you the community am likely to be found in, short answer NFTs are just not for me.

[ecnalubma]

I believe so if they have real use cases and purpose. A lot of people already admire NFT’s memecoins are just distraction in the current bull market but everything about NFT is fine. I believe NFT boom is just starting more adoption is coming most specially in playable NFT’s potentially could disrupt the gaming industry.

[AmoreJaz]

I believe so if they have real use cases and purpose. A lot of people already admire NFT’s memecoins are just distraction in the current bull market but everything about NFT is fine. I believe NFT boom is just starting more adoption is coming most specially in playable NFT’s potentially could disrupt the gaming industry.

NFT market is just starting. celebrities like paris hilton is starting to realise its importance. and if she will be successful, more then likely, a lot will follow from her industry. aside from that, sports celebrities/personalities will also follow. some of them are actually making good money already like NBA players . and very soon, those top athletes that we know of.
so yes, NFT is just starting. this business will be a authentic way to connect with their fans. no need to meet them in person to sign for some memorabilia.

[BaeSuzy]

Of course it still. Since this month I have started buying coins that have an NFT basis because in June Binance will launch the NFT Marketplace and i believe it will make NFT project like CHZ and other reach their new ATH.

[senyorito123]

Of course it still. Since this month I have started buying coins that have an NFT basis because in June Binance will launch the NFT Marketplace and i believe it will make NFT project like CHZ and other reach their new ATH.

I don't think that it's hotness will easily vanish. We know the fact that it starting to boom and many are interested in buying and holding it. With that situation, surely it will become more successful and be one of the best in crypto currency market in the future and will become better and better as days pass by.

[NIKUBHI]

NFTs has not any actual value of their own and it fully depends on, for what purpose it developed or from which project it relates. NFTs has much different use case in different platforms and also a good demand in NFTs market but mostly rare ones. I think investment in NFT is a good decision as the trend is going on but project-related RND is very important before any decision.

[Xinarae*]

Of course it still. Since this month I have started buying coins that have an NFT basis because in June Binance will launch the NFT Marketplace and i believe it will make NFT project like CHZ and other reach their new ATH.

I don't think that it's hotness will easily vanish. We know the fact that it starting to boom and many are interested in buying and holding it. With that situation, surely it will become more successful and be one of the best in crypto currency market in the future and will become better and better as days pass by.

I agree that many projects are being added to crypto to increase the price of currencies which is increasing the demand for crypto. Therefore the market is improving day by day with bitcoin altcoin is currently in a much better position investors are following the market and holding the currencies the future of NFT currency will be better if the market rises and falls and thus the demand is high.

[BayAngelo]

THE Same way Art business has been thieving. NFT are digital Arts and will trend for a long period. i think the better part of it is that it introduces new works into the blockchain. many designers can create new artworks and sell. the problem here is that there are so many artworks for sell while buyers are little. i think they need to broaden the NFT circle and accept content creators into NFTS. the market will accomodate more people.

[tiaranft]

I am pretty sure that NFT was the "big deal" in crypto world for a few months before all these apes and shibas and doges all emerged and became huge, that is understandable and it is true as well because it really happened that way. However I also believe that there is an element of NFT not being a profitable busines in the long term and that is one of the deals. Obviously speaking we are not going to see a ton of changes in NFT world soon because they were basically not going to keep going like that it was always impossible.

People were giving thousands of dollars into gifs, did anyone really believed that it could continue like that? I was just expecting it to drop at any time. This was the same thing that happened during cryptokitty period, people spent insane amount of money to buy kitties and breed them and create the most expensive one, and eventually most of them started to worth less than gas fee.

The cryptokitty story is like collecting antiques. We wouldn't understand why it was so loved and so expensive if we didn't love it. We will not see that antique is valuable, only the player who plays it can see that. I really hope that June will be the month of NFT.

[tiaranft]

Quite, that's what I can say about NFTs. With all of those animals and moon coins, they're taking the highlight instead of the NFT that has been there quite a while.

Will the market be more stable in June?

What kind of stability you're asking? the market has always been volatile and it's not that stable most of the time. You do expect it to be stable then that would only last for days.

Meme is likely a hobby of sharks. Will it still grow as fast as 2021 when they're out of fun?

[TastyChillySauce00]

I always hear people talking about NFTs on platforms like twitter,facebook etc but the funny thing is are they that popular here on the forum...am afraid not.

And for someone like me that spends much time here it gives you the community am likely to be found in, short answer NFTs are just not for me.

NFT mostly talked in telegram as far as I know and not to mention NFT platform usually have their own channel of discussion so in here maybe it's not being talked a lot though at the time when the first NFT was released it's such a hot topic here
but considering the amount of transaction made from many NFT platform each day i can say it's still a thing, NFT not only limited to art but games as well and the games are being played a lot by people.

[target]

If NFT hasn't died out, it will survive when there are celebrities going there to submit NFTs. I'm not an investor but ECOMI hasn't started yet as far as I know there are artists going to be releasing their art works. If it weren't for the disruptive fud of Elon and doge, the hype could go on. NFTs opens a new chapter for musicians and artists worldwide.

[tiaranft]

I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market. Will the market be more stable in June?

Don't trade on this market if you don't know what to buy.
https://www.coingecko.com/en/nft
The price of NFT project tokens is falling and this market is greatly overvalued. Many projects have issued their tokens, but they do not have working solutions for users.
We do not know who will win in July - bulls or bears, but do not invest in overvalued projects that have already grown many times over.

Maybe the fomo of the sharks in June for this NFT market is a trap. But will the results come too quickly in July? Expectations are so high that holders are having trouble deciding whether to enter the market or go out to watch the volatility

[tiaranft]

I always hear people talking about NFTs on platforms like twitter,facebook etc but the funny thing is are they that popular here on the forum...am afraid not.

And for someone like me that spends much time here it gives you the community am likely to be found in, short answer NFTs are just not for me.

NFT is much fomo in social networks. Is it a tactic of the sharks to bring people closer to cryptocurrencies?

[Entei]

The meme market has upset NFTs precisely because it resembles a type of NFT. In a few weeks time the trend is for things to cool down with these projects called "memes", since people will be more attentive and will invest less because it's just a scam, but there is no guarantee that the NFT market will be heated, it's instead. It's a totally unpredictable situation.

[tiaranft]

Of course it still. Since this month I have started buying coins that have an NFT basis because in June Binance will launch the NFT Marketplace and i believe it will make NFT project like CHZ and other reach their new ATH.

I also look forward to this June. While the big guys also have their own background in NFT, it can't be a flash game, it will be fomo for a long time.

[nebuch]

I know in some part NFT seems not necessary in human life for daily living. But because it is crypto trend NFT has the ability to be the next hype in crypto space because crypto is business and crypto is a place where businesses are here and whales are here. For me NFT will become more popular and maybe useful too in the future since this could be just a starting point to bloom NFT.

[tiaranft]

NFTs has not any actual value of their own and it fully depends on, for what purpose it developed or from which project it relates. NFTs has much different use case in different platforms and also a good demand in NFTs market but mostly rare ones. I think investment in NFT is a good decision as the trend is going on but project-related RND is very important before any decision.

I think it will take NFT many more years to be really useful. But this year I hope NFT will be well received, even though it failed in previous years. The reason here is probably that it is really necessary for us to apply it to a certain part of real life.