NFT hype is over, next hype please

[bakasabo]

Funny how all that NFT hype passed by me. I got few NFT tokens and that is it. I never had time and interest to sort out deeply in NFT and its real usage. Hope that people managed to earn a lot from it. To me it was like baseball or pokemon cards. I only remember how NFT tweet and few Times first pages in NFT were sold for an unbelievably high prices. I'm really looking forward to see what market will figure out new to earn. We had ICO/IEO/DEFI/NFT. Next one I'm sure is going to be something that people will use in SMM.

[Tumanggor]

That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.

NFT hype is over, what do you think will be the next hype to prepare for?

Of all the trends, it seems like NFT is the one that makes people lose the most
those investing in NFT-based defi tokens are the hardest hit

I'm not really sure what trend will happen again
hopefully it's better than nft and defi

[trauchot]

So far, there are still a lot of new projects coming out that will develop in the NFT sphere, and therefore we can still say that the NFT sphere is still popular, but until when the NFT sphere will be popular is unknown, therefore, it will soon be very dangerous to invest in NFT projects, since the hype around NFT will soon fall and therefore we need to look for new projects that are not related to NFT and in general I think a new hype is expected already very soon.

[unusualfacts30]

That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.

NFT hype is over, what do you think will be the next hype to prepare for?

there are still many coins that are trying to ride nft train but it is over from what I can see. I am still not sure what people are buying when they buy digital artwork in the form of nft. It couldn't last for a long time. I guess nft can still has some use in games .. other than that I can't think of any other use for it.

next trend seems to be tokens with supplies in trillions.

[DapanasFruit]

The kind of hypes based on nothing but speculations is gone in regard to NFT but the real market for NFT will always be there. The problem is that everybody just ride on the hypes and of course it can never be sustained. Just like art, the value is always on what the market will be willing to buy and when the market is down you can expect the same to happen to NFT in general. However, as one expert has said, NFT will continue and there will always be growth in many niches as we will be seeing soon. Now, one trend is that everybody has suddenly become NFT creators or should I say pretend to be artists...and this alone can drive the market down but when it comes to real artists this can become a new arena they can explore and if they can be able to bring their loyal fans into the NFT marketplace then we can be able to see real and sustainable boom in here.

[FanEagle]

That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.

NFT hype is over, what do you think will be the next hype to prepare for?

Honestly I never switch over to any other investments but always sticking within bitcoin investments and hype. This is the reason, I guess I never need to worry on which is going to produce 10x or 100x next and what is going to get delisted. I agree people risk on altcoins and getting good returns but when considering the risk reward ratio, I guess I am doing better with my ONLY-BTC investments.

I mean, I am watching few of my friends who invested on more than 10 altcoins and they got good returns from 1 or 2 coins which may compensate the total capital required to invest in all 10 altcoins but I do believe their luck may not favor them always and with their next attempt they may fail to find that 2 altcoins as well. This is why I believe just investing only with bitcoin investments will get me good returns in long run and relatively with less risks even bitcoin is doing with its usual wild volatility.

[gurunanakji777]

I don't think it is over current market condition is not good even we have seen a collapse in all major cryptocurrencies. I believe NFT second wave would come again when BTC will start rising again. The whole market is down and we can not expect only NFT will perform in this condition so we should be patient for some time before coming to any conclusion.

[paxmao]

There are several stages on most new technologies. While the NFT hype may be over for the moment it does not mean that it will not come back in terms of reaching the real utility. There is quite a bit of literature about the hype cycle and the technology adoption. I am personally convinced that the NFT are actually quite useful, but they have been misused and now will go through the valley of disappointment for a long time before some good projects appear.

[TimeTeller]

I don't think it is over current market condition is not good even we have seen a collapse in all major cryptocurrencies. I believe NFT second wave would come again when BTC will start rising again. The whole market is down and we can not expect only NFT will perform in this condition so we should be patient for some time before coming to any conclusion.

I believe, NFT hype is not yet over. It is just in the initial phase.
Athletes, singers and other personalities are just starting to discover their huge potential as a source of their income.
Just look at the few articles below, and I think, this will grow in the coming years.
This will be like an advanced tech to connect with their fans, which can be either expensive or cheap.
But right now, it seems they are fetching high prices in the market.
Maybe, later on, they can sell NFTs at economical price so they can reach more audience and fans.

https://www.coindesk.com/soccer-icon-pele-becomes-latest-sports-star-to-enter-nft-craze
https://www.coindesk.com/europe-football-nfts-tokens-fantasy-socios-sorare
https://www.coindesk.com/paris-hilton-nfts-powering-female-creators-future-of-art

[Review Master]

Just like what i said in other threads related to NFT that it's not over yet and it's just the starting of NFT era. As whole market is on correction mode, everyone busy with accumulating more bitcoin or altcoins and that could be the reason for not having that much trading volume on NFT marketplace and nothing else. So, lets just wait for the recover of the whole market and NFT market will be hyped up again just like previous, IMHO.

[BitTraderCute]

nft not over yet, its still the beginning. more people interested to create their own nft which is could be the unique thing from him. now there are alot nft project builded around the world and good news is more public figure involved to this project. they will give positive influence to nft project and crytpo market commonly.

[Beparanf]

nft not over yet, its still the beginning. more people interested to create their own nft which is could be the unique thing from him. now there are alot nft project builded around the world and good news is more public figure involved to this project. they will give positive influence to nft project and crytpo market commonly.

This is what I'm still trying to believe too since many great artist are still not entering the NFT industry. There is a lot of potential on NFT market considering the vast use of it. It just happened that Bitcoin pulls the whole market while NFT based project received the most price growth on this bullrun that's why they the one who's heavily affected on this dump.

[Yatsan]

We cannot further conclude that because of the declination on the prices of NFT, the hype is already over for it because many people are still currently into supporting NFT even here at my place NFT is still on a big hype among crypto and common people due to popularity it have set into standard. Maybe we are just seeing the downside right now but we cannot therefore conclude that the hype is already dead for there are still plenty of time to regain possession as long as people are supporting it.

[pawanjain]

That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.

NFT hype is over, what do you think will be the next hype to prepare for?

I think NFT has more than just artistict designs to be sold at extraordinary prices. NFT has a value but the are is still unexplored.
Art and drawings is just the tip of the iceberg. May be in future we might see how people bring innovative ways to use NFTs.
The NFT hype may be settled for now but it's definitely not over yet.

I bet PoS project maybe will be the next hype, the last mention from Elon that he need a environmental friendly cryptocurrency coin could be a clue for it.
For my bet, i pick EOS.

If PoS starts the next craze then I would place by bets on Solana. I think  it's better than EOS and any other PoS coins out there.

[Vatimins]

     Well for some, maybe. But for most of the people, NFT really is something that is worth every penny. Specially for gamers nowadays who not only enjoys playing games that provide returns of investment but also for those who are into arts or arts that are unique in nature. Which is why I think that the NFT hype is so far from being over. And since this NFT thing is so new and can be seen by the masses as the new innovative trend with so much potential, I really do not understand as to why you think and a few others think that the hype isn't there anymore. Although hype was never needed by NFT anyway since it has a wide variety of uses.

[livingfree]

Blockchain games? they've been there since years ago but only a few gained that much attention from everyone. Like Axie Infinity and the other, that's starting to become known is My Defi Pet.

I still haven't played any of those nor invested but I'm planning my strategy of getting in first to Axie Infinity. That daily SLP reward is quite good if collected every day.

That's just based on my strategy plan. It may look good to me but not for others.

Axie infinity has become a thing now as there were a lot of investors expanding their investments by offering scholarships for those who can't afford stronger axies.
I think the next hype for NFT will be more focused on blockchain games than those expensive digital arts.
 And you're right, My Defipet has been catching some attention for the late comers in the Axie Infinity game.

I might say, it's too early to say that the NFT hype has cooled down. Let's wait till the market recovers.

That's right.

There's more with blockchain games than those NFTs because they're quite expensive in valuation and you have to sell it. Unlike with blockchain games, there are some daily rewards that are acceptable if you are only playing it for fun but at the same time there's an investment involve for you to generate profit.

[harizen]

NFT is over for those who are just looking in a single tree and not the whole forest.

NFT is not a thing that can avoid the effect of the Bitcoin crash so just like other altcoins, Defi, etc. expect that there's also a sales declined throughout the NFT marketplace but it doesn't mean it will stay the same.

Checking the current stats, for example in the Wax Market, the 24h volume is playing at around 3.7M WAX/$600.5K (at the current exchange rate). Not bad amid the current trend. Also, there are projects that undergoing sales recently and just got sold within just seconds to few minutes.

We can just conclude if NFT hype is over once we see everything is rising again from Bitcoin to sh*coins but the NFT marketplace remains as it is.

[ahsanif]

how can you conclude it's over, i think this is just the beginning and a lot of people are optimistic about the opening of the NFT marketplace on binance

[Flowzer]

That was a pretty short hype, but you can state that the NFT hype is over. This can be measured most clearly by the prices for NFT projects and NFT tokens. If you take Chilliz, for example, the price has collapsed by 75% from the high. In comparison, Bitcoin is currently valued around 45% lower from its high.

NFT hype is over, what do you think will be the next hype to prepare for?

I think NFT has more than just artistict designs to be sold at extraordinary prices. NFT has a value but the are is still unexplored.
Art and drawings is just the tip of the iceberg. May be in future we might see how people bring innovative ways to use NFTs.
The NFT hype may be settled for now but it's definitely not over yet.

I bet PoS project maybe will be the next hype, the last mention from Elon that he need a environmental friendly cryptocurrency coin could be a clue for it.
For my bet, i pick EOS.

If PoS starts the next craze then I would place by bets on Solana. I think  it's better than EOS and any other PoS coins out there.

But Solana already recovered, if i have money, i wont spend much money on it.
I will spare the fund to IRIS, WAN, and EOS. Both are still undervalued and not recovered yet.

[tvplus006]

The kind of hypes based on nothing but speculations is gone in regard to NFT but the real market for NFT will always be there. The problem is that everybody just ride on the hypes and of course it can never be sustained. Just like art, the value is always on what the market will be willing to buy and when the market is down you can expect the same to happen to NFT in general. However, as one expert has said, NFT will continue and there will always be growth in many niches as we will be seeing soon. Now, one trend is that everybody has suddenly become NFT creators or should I say pretend to be artists...and this alone can drive the market down but when it comes to real artists this can become a new arena they can explore and if they can be able to bring their loyal fans into the NFT marketplace then we can be able to see real and sustainable boom in here.

To continue the hype around the NFT, a bull market is needed. If a bear market is developing now, rather than a correction before a further bull run, we will have to wait a very long time for the market to recover. But we can't ignore the fact that Binance has already announced the launch of the Binance-NFT marketplace on June 24, which will definitely bring back the hype for NFT.