Is NFT still hot???

[Kemarit]

I think the hype is still on and as long as the market is in a bull run we might even see new projects able to pump the valuations and when i checked about new projects, there are many that are planning to launch during this hype and we might even see a lot of scam in this market. Just be cautious with what you invest and the team behind the project if anyone is planning to invest in the hype.

Exactly, the hype will continue until another one comes along. This is how the market plays out, ICO-IEO-Staking-NFT. So there will be a lot of money going to flow so people are going to make money out of this latest hype.

And everyone is really into it, from celebrities to high profile artist and joining the bandwagon and taking advantage of the latest crypto hype.

[martina14]

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?

If I am not mistaken NFT became noisy during time of 2017 but not this time, in short it is not profitable nowadays to entertain such things like this now. Because most of them are more on hyped, the trending so far was BSC where most of the project used this for the utility token that they want to promote here in cryptocurrency.

[robattfield]

I think this market still has a lot of potential in the crypto space, currently I don't see many projects implementing their NFTs market specifically, so we just have to be patient with it, I believe the trend of this will continue to boom again in the near future when the projects are more serious with this field.

[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?

What the hell is an Animal  coin? Lol it's the second time I am hearing about this on this forum. Are you guys talking about meme coins like Doge coin and the newer Shiba Inu coin? Stop calling them animal coins. And I don't think they have anything to do with NFTs (but memes do sell real good in NFT market. I have seen people selling meme for hundred thousands of dollars. Insane!).
It's no longer hot like it used to be. The trend/hype seems to be dying eventually. Don't hear about them much anymore.

Many people call animal coins because there are many unorthodox coins named after animals such as goats, sheep, cats.... all have. It just hasn't reached you to hear about those coins yet. No one would say anything if it was only doge or Shiba. Trends are always changing but a trend that is repeated many times after a few years like NFT is worth the wait, right?

[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?

What do you mean by ANIMAL COINS? Are they now exist together with NFT's.

Next month is June but I never heard good things about NFT this time. Maybe I could say that these projects will turn down pretty quickly unlike Defi projects.

Anyways, many of us are thinking that NFT's will give us market gains but can't rid out of mind thinking some negative while remembering what it happens to the previous crypto projects. I was seeing the same scenarios to come.

I think that people know more about cryptocurrencies thanks to trends like Defi or NFT. Those crazes brought the attention of the masses who didn't know about cryptocurrencies. No matter what, even if it's quickly turned off, it has real benefits.
 

[tiaranft]

NFT is not yet to be hot. Binance has just raised some small interest on NFT by announcing NFT market in June. As long as that dedicated market launched, NFT will become hot. It can be a perfect complement to De-Fi and take De-Fi to a new level. Talking to Binance alone, being the pioneer in the NFT field will boost its ecosystem. But the foremost condition for NFT is bitcoin. If bitcoin moved to downtrend then NFT would have no space to shine.

I still expect a lot in Bitcoin. The hibernation period has not come, it is too early for Bitcoin to fall into the winter break. I still hope the uptrend appears in the coming time and lasts until the end of the year. At that time, the NFT market will also be hot again with the launch of the NFT exchange of Binance.

[tiaranft]

I have been following NFT for a while and have noticed that the emergence of some animal coins has disrupted the market.

This is always the situation we experienced in the crypto market, when the market is doing good gaining more awareness, the next thing you'll see is the people that will abuse the decentralization and the freedom of the market and if care is not taking the NFT market will end just like the ICO market.

Will the market be more stable in June?

No one can tell if the market will be stable but it will definitely get back on track. However, market ought to at the first or second month of the Q4.

That's right! To talk about the stability of the market is too difficult. We only know when it happens. I am looking forward to its development. And the period of the firsst and second months of the fourth quarter seems to be the winter break of the coin.

[tiaranft]

NFT highlighted another good use case of blockchain. It was not a new thing but has not been used and talked about mainstream while the NFT hype made it know to everyone. Like any other hypes, NFTs were followed by scams and scammers and was defamed by some media but it would overcome this situation and remain as an important aspect of blockchain and cryptocurrency. Good NFTs would stay.

I agree with your point of view. I also hope the NFT wave is always received positively in the future.

Yudhisthir has a good point here... First of all, NFT really brought something new for all of us! Like always, there're people who try to exploit everything well, and like any other hype, NFT hype had many scams and frauds! But in the end, good things will last, and I think NFT is here to stay! Not just that, it will grow a lot more as it gets more popular, and we are going to that digital future, so everything crypto-related will get more popular in the future for sure!

It is difficult to predict whether this NFT comeback will succeed or fail like last time. But it is clear that its application becomes true, the coin market will be more and more accepted.

[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?

Also define stable?
All green dildos and constant growth doesn't mean market is stable.
Watch a video form CB on coin local and long term top prices, it should give you a good idea

The recent increase in price has been 10 months. That time is not short. Hibernation will come soon but I hope not this time.

[nrvasquez]

I believe that all trends in crypto will follow the movement of bitcoin, including NFT or DeFi. So will the June market remain stable? let's see the movement of bitcoin at the weekend. if bitcoin is able to maintain its price at a point where it can still be said to be bullish, then crypto will be stable and of course trends like NFT and DeFi will continue, imo.

[Looper_U]

Not much NFT projects are chilled this days compare to meme coins, is anyone seeing safemooncash? Another useless crap that surge 100% yesterday, 1000$ turned to 10,000$ for a friend, the fact is shit coins are more popular this year than useful crypto projects, it seems no one cares about use cases anymore

[tiaranft]

~snip~

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

Likely not anymore. Just as you see the market, only a few are rising while most of them are keep on dumping. This hobby isn't just for sharks but there's a noticeably strategy for the newbies too as they ride whatever the trend is.
Maybe there's going to be another new trend that would come at the end of this year. Based on experience, it's not the same year after year so after this, I don't know what's next.

I expect coin hibernation to come later this year. From now until the end of the year, there are still 6 months to have another uptrend, so it is worth the wait.

[tiaranft]

I think the community will focus more on NFT in June, once the NFT marketplace is launched by one of the main exchanges. It is true that the meme coins have gained the attention over the all other assets in last week but due to the high risk, uncertainty, sudden collapses, unavailability of feasible underlying projects, etc. will make them disappear from the market in the long run. I believe that he NFTs have a strong base than so called meme coins.

There are too many meme projects that do not have an ecosystem that makes NFT diluted and people forget the potential of NFT. I can't say for sure, but I really hope NFT will be a breath of fresh air, bringing cryptocurrencies closer to life. I think meme will develop in NFT but not meme projects without an ecosystem like today.

[tiaranft]

NFTs in my opinion are still the hottest type of cryptocurrency in the market right now, they serve a market that is very large and a market of passionate users like the gaming or art industry. That way, non fungible items backed on the blockchain will always be valuable and can be used for financial transactions in the Defi space.
The animal meme coins however shouldn't be taken too seriously, mist of them will die off just as fast as they were created

The acceptance of memes is so large that the NFT is diluted. Many memes don't have an ecosystem that misleads the mindset of new communities to crypto. I expect a lot in NFT's growth. There are many people who say NFT is a scam. But even without the NFT, fraud is still happening. Let's see the good side of NFT and embrace it.

[tiaranft]

I think the hype is still on and as long as the market is in a bull run we might even see new projects able to pump the valuations and when i checked about new projects, there are many that are planning to launch during this hype and we might even see a lot of scam in this market. Just be cautious with what you invest and the team behind the project if anyone is planning to invest in the hype.

I believe this is still a bullish period. Isn't it too early for the coin winter break? There are many projects, but the real of their ecosystem and the teams behind them are things that I often care about.

[Reid]

I wouldn't mind the memes. Don't be another victim, please.
NFT's are still looking good and in fact, it was getting better thanks to the confusion provided by Elon Musk.
Not Bitcoin, then what? Investors are now looking for other ways to invest in their money and they could bump to NFT's even if it has the slightest chance.
I would suggest just stay on that path rather than risking selling now. Buy more and harvest later.

[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?

If I am not mistaken NFT became noisy during time of 2017 but not this time, in short it is not profitable nowadays to entertain such things like this now. Because most of them are more on hyped, the trending so far was BSC where most of the project used this for the utility token that they want to promote here in cryptocurrency.

The return of NFT is even more beneficial for BSC. The trend for ICO to come back and boom like in previous years is too difficult, but the return of NFT after a period of silence also proves that it is really necessary for life. We just don't know how successful it will be.

[tiaranft]

I think this market still has a lot of potential in the crypto space, currently I don't see many projects implementing their NFTs market specifically, so we just have to be patient with it, I believe the trend of this will continue to boom again in the near future when the projects are more serious with this field.

I think as long as there is a good ecosystem, NFT projects will be successful. Projects need to seriously develop real interests, not virtual projects opened just to scam. I have a lot of faith in it because I like the practical application of NFt in life. But it takes a really long time to fully exploit its potential.

[tiaranft]

I believe that all trends in crypto will follow the movement of bitcoin, including NFT or DeFi. So will the June market remain stable? let's see the movement of bitcoin at the weekend. if bitcoin is able to maintain its price at a point where it can still be said to be bullish, then crypto will be stable and of course trends like NFT and DeFi will continue, imo.

I also hope that June will be a brilliant month for NFT. And I believe the return of NFT will be more sustainable and well-received by the community.

[tiaranft]

Not much NFT projects are chilled this days compare to meme coins, is anyone seeing safemooncash? Another useless crap that surge 100% yesterday, 1000$ turned to 10,000$ for a friend, the fact is shit coins are more popular this year than useful crypto projects, it seems no one cares about use cases anymore

Not all NFT projects are chilled copared to meme coins. But the NFT project that has its own ecosystem is definitely trustworthy and worth the investment. I believe that NFT will become the spotlight of the crypto market in the future.