NFT hype is over, next hype please

[isaac_clarke22]

It is still getting brought up in my own News Feed in Facebook, so technically it is not just that yet over. Maybe the hype is over but NFT being known is not just yet.
I never bought any NFT, nor I would plan to do so anyway.

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[xzone]

I think there is still time. The initial hype has subsided a bit and most people don't see it as a good investment choice. But still something that's just at the beginning is nft. It's normal to lose popularity for a while after the hype is gone. What matters is how the next process will go.
If nft can really be integrated into our lives, there may be a long road ahead

[tyz]

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?

Well, it’s now like a regular thing for community; every new idea that comes into the market gets hyped and after that, they all fade and people stop investing and talking about them again.

I would not say that. There are some new technologies in crypto which did not get much hype (or at least not yet). The DAG technology  (directed acyclic graphs instead of a single chain of blocks) for example comes straight to my mind. Another one are side chains. Great idea but projects who have implemented it yet have not really got hyped.

[harapan]

its not over yet, even binance will launch in near time.

Binance launching an NFT market place still won't make NFT trend again, there are already tons of NFT marketplaces in the crypto market, why is Binance NFT marketplace any different? I think it's about time we accept that NFTs are no longer getting the hype and attention it used to get  when it newly started trending, one thing we must accept in life is that everything has an end, every trend will come to an end, just like ICO was trending in 2017 and now it's no longer trending.

[Ucy]

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?

Well, it’s now like a regular thing for community; every new idea that comes into the market gets hyped and after that, they all fade and people stop investing and talking about them again.

Well, it’s not like it is completely gone, they are still going to be function, but they are now going to be at the level where they are meant to be. It is a normal thing for new things to get hyped and the hype is what results to the very high value they get. When the hype is over, they fall to the real value that they are supposed to be at. It’s the same thing that happened other ideas that came before NFT.

Seems the financial aspect created much of the hype. There wasn't too many publicity about the technology and its fundamentals. That would have been more existing for people who know what they are here (crypto space) for... or people who are here for the technology and ideals. Same thing I expect people to be talking about DeFi .  Seems they are more fixated on the financial part.

[Sled]

its not over yet, even binance will launch in near time.

Binance launching an NFT market place still won't make NFT trend again, there are already tons of NFT marketplaces in the crypto market, why is Binance NFT marketplace any different? I think it's about time we accept that NFTs are no longer getting the hype and attention it used to get  when it newly started trending, one thing we must accept in life is that everything has an end, every trend will come to an end, just like ICO was trending in 2017 and now it's no longer trending.

ICO had been done so long ago while NFT is just about to start. The more it has a market promotion, the more it increases investors and moves the price high. However, if we think about hypes, that only happens when Bullrun has come and it was unfortunate that it was over already.
I'm not sure but NFT hypes will something to happen next Bullrun and have to wait for it.

[bamb]

NFT hype may seem to be over,  but you will soon begin to see it trending all over again in a very short while!  Thing about Cryptocurrency is, trend usually does not die,  it will resurface in the future. There are many designated usescases of coin or token that could trend,  from meme to nft, Dex,  defi,  staking,  launchpad,  anonymous dark chain,  to just about anything useful or entertaining! Cryptocurrency is very useful in various ways and when it is fully adopted,  creativity will abound!

[cryptomaniac_xxx]

I don't think it's over though, although the market is red, it's pretty obvious that we are in the bear trend now. Even bitcoin and ethereum wasn't spare from the down trend.

And as per cmc: https://coinmarketcap.com/view/collectibles-nfts/, there is still a market for it. And the hype around NFT will be dead if there is a new one, but so far we haven't seen anything yet, so NFT still goes on.

[imstillthebest]

wont it be fair if you compare btc to hyped projects ? obviously btc wont go too deep as much as the hype projects can go when their term is over .
 i dont have a clue if what will be the next to nft but id be glad if there will be no next because this can make the scams lesser ,
 less bloated market and more attenion will be given to the original cryptos .

[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.

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.

What exactly do you mean by Solana is already recovered ?
If you mean that the price is already high then you can either way for a correction or buy it and start staking to get better returns.
Anyway, that's your personal choice. Whatever you put your money in, make sure to do a good research before putting your money in them.

[mindrust]

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?

We need to have a multiyear bear market before we have the next shit coin hype. The hype will come only when the whales accumulate enough coins to dump on the newcomers. If that doesn't happen, there won't be a next time.

Every time they come up with a new idea though, it becomes harder and harder to invent something else.

NFT was already over the top crazy and many people didn't buy into that scam.

[Anonylz]

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?

Not just chiliz even dego finance has really drop in price from ath, i think this is mostly as a result of the current dip in price of the whole market, i think the trend is very much alive only things are forced to a stand steel because of btc price is down, recently i read a piece from DMan (blockchain whispers) which made me think NFT still have a future especially for long term, hype does not really determine the longevity of a particular trend, the hype may be less but the reality of it still persist.

[bluebit25]

yes like every platform this one has a big potential and i can wait to see my holding climbing to more than 3 folds at least.

i think it's not difficult for you to get the lowest profit x3, the last drop of the market had a lot of NFT coins falling sharply and i see it as a good opportunity to accumulate more favorite coins.

[Psynthax]

Don't be so sure that NFT hype is over yet.    Because Binance is on the way to open a NFT market also in this month. I'm expecting it to draw a really big attention of people. But after some time, the hype will be over eventually I think.

it eventually just gonna be another category for blockchain based things. maybe in the future NFT art in general gonna compete with patreon or the likes where artist could get incentivized from membership or selling art, it's basically the same thing
except with NFT we could literally automatize everything and set the fee for the market place significantly lower compared to the existing art platform that are centralized and rather charging too high with strict rules imposed.

[7deadlyBTCIN]

There is more to NFT that meet the eye, to be honest I've not seen any interesting use case compare to NFT this year, I prefer NFT than crypto DeFi projects and also those Swap platforms, I believe this is just the beginning for NFT project sooner or later you will all understand, drops in value is a must as all crypto projects except stable coins are highly volatile

[SacriFries11]

NFT games are still kicking and doing their best to stay still, there might be some dip on hyped NFTs but its good that we have a great project for NFTs. NFT art might be on a big hype before but I don't think its over already, it just happen that the market is going into bear trend but if its a good NFT I believe it still worth holding for.

NFT games takes a lot of developments before it become fully recognized. NFT games are in development pace right now, most of the best games are under developments right now and others are recently conduct their pre-sale to gather more funds to upgrade their systems to develop the best NFT games. Next year will be the best year for the NFT games. As you can see, Axie infinity has a good start right now gathering most of its players in middle class countries where people need to earn money. Binance recently launched their NFT platform in their website we'll see in the next couple of weeks how this platform will create new hype in the crypto space.

[DatKing]

People are keeping their hopes up for Binance to vitalize things for the NFT market. As we know, Binance will start this service in this month. But we are halfway June and there is still no fresh news about it as far as I know.

[TastyChillySauce00]

yes like every platform this one has a big potential and i can wait to see my holding climbing to more than 3 folds at least.

i think it's not difficult for you to get the lowest profit x3, the last drop of the market had a lot of NFT coins falling sharply and i see it as a good opportunity to accumulate more favorite coins.

Yes, it's really good to take the opportunity now to collect some NFT coins, because usually after the decline, there is always a big increase and the late ones won't get anything and will always regret it.

must remember that nft is different to erc20, each nft is unique and the price usually based on each NFT as an individual coin not based on the general price of a coin like erc20 or even real cryptocurrency.
therefore buying nft at the dip could be risky if you can't really judge the real value of an NFT.
however if it's generic NFT like for example slp of axie then maybe it's still profitable to buy around the dip, otherwise nft is just a harder option to make some flipping.

[LogitechMouse]

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

Well as many hypes are happening with crypto, there will always be time that they will end and NFT hype surely is over already.
On the other hand, there are still coins related to NFT that are still popular right now like AXS or CHZ or ENJ but its obvious that the price of it is lower compare to where it was months ago. In general, the hype isn't there anymore but still the project is still running and there is a community around it and the hype helped them to stay alive.

TBH, it is very hard to predict which hype will be the next one. Nobody expected that DeFi will be that popular and at the same time, nobody expected that DEX'es and NFT will be creating these huge hype around it. Its hard to predict but whatever it is, I will wait for it .

[casperBGD]

~snip
TBH, it is very hard to predict which hype will be the next one. Nobody expected that DeFi will be that popular and at the same time, nobody expected that DEX'es and NFT will be creating these huge hype around it. Its hard to predict but whatever it is, I will wait for it .

while I think that NFT hype is not over yet, it is here to stay, there are signs what the next hype will be, and that are IoT projects with practical purpose
there are several projects at the moment, and they should thrive till the end of the year

do not take this as an advice, but look into it, and do your own analysis