I feel like I'm in deja vu

[kevinzxz]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

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[Tytanowy Janusz]

Your post is like:

"cryptokitties - beginning of bull run
Axie Infinity - we will see"

N- number of pattern repetitions

N=0 because it did not repeat yet even once.
With N=0 this pattern has 0 value.

Its better to trade based on the moon phases than on N=0 pattern.

[Ararbermas]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

that game axie or what game kitties is that, they're not the reason behind why market now is in uptrend mate.. And to be honest ever since before I've never seen a news that came saying crypto games are reason market sometimes skyrocketed, because mostly depends of demand of supply especially when there's a adoption.. Indeed how can a new projects give an impact in the market? I don't think it's possible..

[anu1908]

you're trapped by logical fallacy. just because B happens after A doesn't mean A is the cause of B. it's like saying yesterday i eat banana and then I got money, so if i eat banana again I'll get money again. sure, being optimistic is okay, but you should find other reasons that have more proof than that.

[passwordnow]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

It's not only Axie Infinity that is in the trend lately that helps Ethereum to go up. There are bunch of NFT, arts and games that are becoming trendy recently.
And with the latest update for Ethereum, the Londo hard fork, this also helped the price of Ethereum to go up as it burns $370k+ worth of Ethereum per hour. Yes, that's per hour that's being burned!

[Tytanowy Janusz]

of Ethereum to go up as it burns $370k+ worth of Ethereum per hour. Yes, that's per hour that's being burned!

Sounds a lot but when you put that into good perspective it does not look that lucrative any more. 370k per hour = $ 8.8 million per day = $ 3.2 Billion per year = 0.9% of supply. Thats not that much. Binance, for instance, burns 0.6-2% each quarter (~5% annually).

ETH inflation = 18M / 117M = 15.3%! So this burn lower ETH inflation from 15.3% to 14.4% its still super high. For comparition last BTC halving lowered BTC inflation from 3.8% to 1.9%

[hugeblack]

IF X happen then Y will happen is the worse type of investment. Thus, this type of investment is considered as selling fish in the water or birds in the air, in the sense that you are selling the illusion of users by making a comparison that is not accurate or correct.
If there is anything Axie Infinity will offer other than this weak comparison, please suggest otherwise, this comparison is meaningless.

[Balmain]

what kind of deja vu is this

There is not much truth to what you are saying. But right now, nft games continue to develop day by day. It appeals to more players and investors, so there may be rises.

[irixo10]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

What I can point out is trend, as of then it was about crytokitties and maybe it contributed to the bull run, however, other trends we have had like DeFi didn't in a big extent lead to a bull run, but it contributes in attracting more users and investors to crypto which lead to a good market. Therefore what I would say about NFT gamified ecosystem is that, it is a trend and if good projects banks on it to develop something unique and attractive, it will lead to more users coming to crypto and will lead to a more growing market. Nevertheless, with Bitcoin price, bull run is already anticipated to be around the corner and maybe NFT hype will add to it in other to make it more interesting.

[Quidat]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

I dont see any significance nor connection into those games on what you are preferring to happen.If you are longing for some bull run then everything would really attached to it.I do remember those days where Cryptokitties did really make out some significant hype and popularity way back which did really clogged out the network which did result into high fees but doesnt mean that it was really the reason on why ETH did really make out some bull run because if we do remember where everything is really on hype when that bull run happens in 2017 specially on last quarter.We dont need any games or something like that which cant totally able to pull off
a certain coin for it to increase.A game could be popular but for sure it would just simply stick into its in-game or coin based token.

[pealr12]

Yes axie infinity is a popular project with a very active game play, many users already benefiting from the games, something already connecting users from different countries, cryptokitty was very popular as well as becoming a big problem for the ethereum network because of the number of users accessing the game, I can't say if cryptokitty triggers bull run, but it was very popular and brought so many users to eth network, let's hope axie infinity is equally this big to create positive impact.

[passwordnow]

of Ethereum to go up as it burns $370k+ worth of Ethereum per hour. Yes, that's per hour that's being burned!

Sounds a lot but when you put that into good perspective it does not look that lucrative any more. 370k per hour = $ 8.8 million per day = $ 3.2 Billion per year = 0.9% of supply. Thats not that much. Binance, for instance, burns 0.6-2% each quarter (~5% annually).

ETH inflation = 18M / 117M = 15.3%! So this burn lower ETH inflation from 15.3% to 14.4% its still super high. For comparition last BTC halving lowered BTC inflation from 3.8% to 1.9%

Thanks for the math. I was amazed to look at those numbers since this is the first time that Ethereum had done it. It's not that much compared to BNB but there's still a significant and positive impact that it brings to its economy and that is what makes it on-trend lately since it's Ethereum but if it's an update just from an unknown altcoin, it won't matter at all.

what kind of deja vu is this

There is not much truth to what you are saying. But right now, nft games continue to develop day by day. It appeals to more players and investors, so there may be rises.

NFT games are really making noise and if they survive a year or two although many of these NFTs have been existing since two years ago and this is just the year that they've been taken seriously, let's see how it will go after a year or two.

[bitbollo]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

cryptokitties were practically useless. when you get your own, you could just rent or sell.
axie allow you to play (at least you have some endless fun) while you can earn some tokens.
I think some NFT are more similar to CK then axie. Likewise games Footbattle.

Personally I don't want suggest to anyone invest in NFT unless very rare case.

[Wicked17]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

I do believe that somehow there's really some sort of pattern but it does not mean that it will goes the same. It will still depend on how people will going to engage and also there are some things that needs to be consider but hopefully another bull run will come very soon. NFT really giving a new hope to new crypto enthusiast but also for pioneer.

[domoy77]

so the popularity of axie infinity can cause the market go bull run?.. I don't see the connection here, we all know that if bitcoin shows a good movement and so the altcoins will also follows and if bitcoin continues to increase then that is the sign of starting bullish market.

I also don't find that relationship with axie infinity, because the bull or bear market is still determined by the condition of Bitcoin so far, so it will feel very strange if it is associated with Altcoins which only have a game concept, but are associated with market conditions.

[Fredomago]

so the popularity of axie infinity can cause the market go bull run?.. I don't see the connection here, we all know that if bitcoin shows a good movement and so the altcoins will also follows and if bitcoin continues to increase then that is the sign of starting bullish market.

I also don't find that relationship with axie infinity, because the bull or bear market is still determined by the condition of Bitcoin so far, so it will feel very strange if it is associated with Altcoins which only have a game concept, but are associated with market conditions.

Axie maybe helps to bring newcomer to crypto investment, but not the  reason that it moves Bitcoin in particular, this cycle comes from many influenced which is now reflecting to Bitcoin.

And by that, the market is reacting positively. We might see more and more positive trend for this market not just because of any NFT games

but due to demands from new investors who see crypto industry really have good offer for more potential success, people who realize that there's still a good chance to compensate from this market are now moving in.

[barabeku]

as we know in 2017 there was a very popular game called cryptokitties before the market increased very high (bull run) at the end of 2017, then now there is a game that is also popular, namely Axie Infinity and I hope if this is a sign for a bull run that will happen at the end of 2021, so the market can increase very high like what happened at the end of 2017.

I don’t think that the current hype around NFT-gaming can lead to a big bull run. On the contrary, I think that when this wave of hype subsides, some people will give up this market. So to my mind we should expect a crypto “winter” which will give us fundamental projects instead of these shitcoins that we have now. I don’t consider  the popularity of Crypto Kitties as the trigger of a bullish market in 2017, I think it is rather one of a consequence of the general interest around crypto.

[Sollaes]

so the popularity of axie infinity can cause the market go bull run?.. I don't see the connection here, we all know that if bitcoin shows a good movement and so the altcoins will also follows and if bitcoin continues to increase then that is the sign of starting bullish market.

I also don't find that relationship with axie infinity, because the bull or bear market is still determined by the condition of Bitcoin so far, so it will feel very strange if it is associated with Altcoins which only have a game concept, but are associated with market conditions.

Axie maybe helps to bring newcomer to crypto investment, but not the  reason that it moves Bitcoin in particular, this cycle comes from many influenced which is now reflecting to Bitcoin.

And by that, the market is reacting positively. We might see more and more positive trend for this market not just because of any NFT games

but due to demands from new investors who see crypto industry really have good offer for more potential success, people who realize that there's still a good chance to compensate from this market are now moving in.

You are right that NFT-games can’t influence Bitcoin. Everything happens simultaneously. People run away from dollars when the economy is not sustainable, they invest in Bitcoin, newbies see that Bitcoin is on highs so they choose cheap altcoins. Developers see a hype and decide to create something new. This time developers are making NFT-games. People see a new trend and invest.

[Bay_Harbour_Butcher]

yes I agree with you, and it seems that now there are very many NFT games that try to emulate axie infinity, for example I am Defi pet, cryptozoon , cryptoblade, etc., but not all of them can survive like axie infinity, hopefully NFT is not just temporary hype

[killerfrost]

I don't see much interest from such analogies, but I like the way you talk about deja vu. Although the market seems to be showing very good signs and we can completely believe it in the near future, I am quite confident that the current developments are preparing for a new boom in the market.