How about the future of the market?

[killerfrost]

I also have the same thoughts as you about the current market situation, all developments are still influenced by BTC. And now it is recovering gradually, if the recovery comes at the end of the year, I think there will be a lot of things that will explode in the market in the near future. Not only NFT but also many other trends will emerge to bring attraction to this market.

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[WalkerIVIV]

For now I think that NFT is the future of the market, the presence of NFT is the right solution because it makes investors believe that they buy and can exchange with real products.

The NFT trend already passed and the transaction related to the NFT already dropped so hard and that means if people have been jumping again to get another trend that may come in the future.
Defi, NFT, Farm and these just short term trend. it may be the future of crypto in term of the features that will be more available in the crypto.

[Psynthax]

No need to be overly paranoid like that, the market isn't gonna go anywhere, remember we've experienced massive dump in the past and it could hit $65K as new ATH, the current market have stronger resistance than ever.
NFT however is just one niche in crypto market, it could potentially be the future of the market but in my opinion it's just gonna be another niche like defi that's gonna help grow the market and if NFT could succesfully become a technology that's used in various field like gaming, music, etc it could open up blockchain to a whole new bigger market

[john1010]

Hello,
Currency prices are falling, but Is this decline continuing? What is the main problem?
Is it true that NFTs are the future of the cryptocurrencies?

Any idea welcomed.


Thank you.

Ups and down trend in the crypto market is very normal, this is the way to replenish the market and also to give way to some buyer to buy cheap coin. In my opinion I consider NFT is one of the promising platform that will give cryptocurrency a boost and to recognize by people, there's a lot of project is now collaborating with NFT's so yes, NFT might be the future of the cryptocurrency.

[Luffygroove]

For years, the issue of China government and other countries trying to ban cryptocurrencies in their countries have affected the market price. This year, it's added by Elon Musk's tweets. The market movements always dynamic. Bull season and bear season seems changing every 3 to 4 years, but there's always some correction, means in a short time after bull run will always following bear run and vice versa.  This is the pattern in the cryptocurrency world and seems proved enough in the past years. So I think we don't need to be worry too much, since I believe the crypto world would be exist in a very long time.

[bigdude]

I believe NFTs just a bubble trend now.
It will be changed very soon in 2022. With adoption from Binance NFT market this June we can see many people may make huge money following this trend so I will try my best to earn some

[semobo]

Hello,
Currency prices are falling, but Is this decline continuing? What is the main problem?
Is it true that NFTs are the future of the cryptocurrencies?

Any idea welcomed.


Thank you.

Crypto prices are falling but it isn't a new thing in the crypto market, its just a daily routine if you are in the crypto space for a while. Or if you are asking about the bearish trend beginning then its still unknow because no one can actually say what will happen in the future.

But one thing NFT is just a hype, I won't be surprised it fade in the next few months so this is not going to be the future of crypto currencies.

[imstillthebest]

of course its not going to continue but there soon be a time again for the rise .
 this is normal and there is no main problem but there are factors that contributes to the decline of the price and they can be panic sellers , they panic sell whenever they hear a bad news or see the price declining and manipulators too .
 nft is new but they are not the future because we also have ico , ieo and others before and they say the same thing but they didnt go well .

[lxiaoh]

NTF just a hype in the history of cryptocurrency，the problem right now is that there's not enough money in the cryptocurrency market and it's slowly draining away. If there is no another hype to attract people come in then it's likely to bearish season lasting for several years from now.

[SirLancelot]

Is it true that NFTs are the future of the cryptocurrencies?

NFTs are just another form of collectibles hence how it can be the future of payment system? In my opinion, it is just another short term hype in crypto space so we cannot expect it to be sustaining for more time like how dapps are doing. When something is not having enough potential to be sustaining then how we can expect that to be the future of cryptocurrencies.

I believe only bitcoin can be the only coin which can stay with us to be used as a currency for our day to day life and if you look for something else to be used for an alternate for bitcoin or for your fiat then you may end up in disappointment in long run.

[Botnake]

NTF just a hype in the history of cryptocurrency，the problem right now is that there's not enough money in the cryptocurrency market and it's slowly draining away. If there is no another hype to attract people come in then it's likely to bearish season lasting for several years from now.

If NFT is still here by next year, then we can say it's not just hype.
The good thing with crypto is there's a lot of platforms that will be introduced and some create some real hype.

And it's a good thing because it means that developers are really working to develop their projects in the space.
The overall result is positive for the crypto market.

[bamb]

I think future of Cryptocurrency is certainly bright.  Bitcoin will increasingly become valuable just by it's design! Many naysayers never thought in their widest imagination that bitcoin could sell for $1k let alone $60k. Now we know these prices have already been reached. As a Cryptocurrency investors,  I see bitcoin reaching $100k and beyond and this will have huge impact on Altcoin as well!  I believe this just the beginning of better days for Cryptocurrency!

[distr@yopmail.com]

I think NFT and DeFi projects will still be a trend that will continue the current rally in the market.
but when the market gets a deeper correction than it is now, then just be prepared to change your investment to enter the top market assets. investors will come to top market assets rather than new assets when market conditions are in a correction.

[BobK71]

Defi projects have been very popular for some time. But Now there are many scams in Defi. Defi means decentralized so there is no need to show project team here. So it can be easy to scam here. But NFT project now in better position. it can be more better in future

[sedahan13]

Actually crypto market continously bigger since this market created. Lets see how growing of the total marketcap,  In 2014 the total of market cap about $10 billion but now increasing to $2T. And compared to stocks market, this number still small so crypto market has potential to continue growing. But on the way to, there are always cycle of trend market that always changing.

[ChaoChibai]

I still want to believe that the future of crypto market will be so bright. I think as time goes by, crpto will be well known in the society and take a special place in every nation. ups and downs in the market is usually happen, therefore this red phase in the market will pass and bull market will come again.

[trauchot]

The cryptocurrency market constantly needs a correction, and therefore, on the cryptocurrency market is now undergoing a correction, unfortunately, the correction may last for several years and therefore we need to wait and hope that this correction will end very fast, but when the correction of the cryptocurrency market will be over, a new growth of the cryptocurrency market will begin and new cryptocurrencies will begin to reach heights and about NFT, I think that soon the hype around NFT will start to fall rapidly.

[DatKing]

The main problem has been the FUDs. They just destroyed the market and Bitcoin price has gone down to these levels due to this reason. And it feels like we won't see the market recovering until the end of the summer.

When it comes to NFTs, idk. Because its popularity has gone down sharply. Binance may be affective for rejuvenating the NFT market but it may not last very long.

[harizen]

NFT is a hype but in a form of "it's making sense".

Lots of new projects are now being driven by NFT hype and take note, even amid the bearish market several weeks ago. Currently, there are NFT based projects that rocking the crypto world.

But don't take it as a "future of crypto" as OP is asking about. That kind of question by OP has just raised because of the pullback that happened to bitcoin from around $60,000 to the current price. Remember, past performance can't guarantee future results but bitcoin already proves that no matter how worst the market is, the rise is always guaranteed. Patience, people.

[lenovop-70]

The crypto trades are getting bigger day by the day, with DeFi and NFT as the trendline now, its almost seen it will grow bigger.
This pandemic take place too in this situation, many people start to earn from home, and crypto is one of the solution for peoples who concern about it, so crypto still have bright futures in the next day.
About price going low now, it is common in trading, price will go high and low depending on supply and demand, dont worry, just follow the whale and keep an eye on news, we will be safe.