Is the Nft hype-cyvle is over?

[isabellel2]

For me daily up and down trading volume in the NFT market is just a common thing. You can't pinpoint that as a clue to the end of the NFT trend. Now investors won't jump blindly into anything just because it contains the word NFT. There is no infinite amount of money, every market no matter how big has a size and it seems to me that the limit of what it can be achieved with NFTs, this is bound to happen with this market, even if i think that it has some potential right now is flooded with scammers selling all sorts of things that are never worth anything, it makes me feel so boring anyway we should share and warn new entrants because scam projects will make them lose money.

[cliber]

In terms of continuing the NFT hype, I agree according to Alex Thorn of Galaxy Digital. Because something that is hype will not last long. For now, I am very interested in the NFT project because there are so many NFT enthusiasts and it becomes an opportunity if we invest in the NFT project, although I am sure that it will end by itself.
At most the NFT hype will last about 2 more years in my opinion.

[cliber]

In terms of continuing the NFT hype, I agree according to Alex Thorn of Galaxy Digital. Because something that is hype will not last long. For now, I am very interested in the NFT project because there are so many NFT enthusiasts and it becomes an opportunity if we invest in the NFT project, although I am sure that it will end by itself.
At most the NFT hype will last about 2 more years in my opinion.

I don't even see that this NFT will last for another 2 years because within two years there will be a new trend born to become a new rival to NFT and others, and if NFT can survive, then it will never die again. in the cryptocurrency space.

Survive in the long term or not I can't decide for sure but there must be data. But the 2 years I mentioned are just my guess at the persistence of the NFT hype. On the other hand, surviving or not, depends on the parties concerned with the NFT project. But regarding the NFT hype I'm sure it won't last as Aex Thorn says.

[dhemasm]

Bitcoin and ethereum have nothing to do with the popularity of NFT. AXS was increasing a lot due to its utility and it didn't even care about the price of bitcoin and ethereum. NFT project didn't even need to wait for the major coin to be bullish to get the hype. It needs to do something useful.

I suppose it's only relevant for AXS or some other big NFT project with larger audience for the smalles one Bitcoin market was really affecting it beside some development, Even though there are some rally on BTC some weeks before AXS seems doing some good performance without affected by the market.

[budlo]

At the moment the hype around the NFT has not yet subsided but it is worth noting that the trading volumes at the opensea are falling but it can be seen that trading volumes are growing on other platforms such as binance, solana and tera.

[herurist]

The popularity of NFT decreases with the prices of Bitcoin and Ethereum.

Bitcoin and ethereum have nothing to do with the popularity of NFT. AXS was increasing a lot due to its utility and it didn't even care about the price of bitcoin and ethereum. NFT project didn't even need to wait for the major coin to be bullish to get the hype. It needs to do something useful.

they are like a current that is very difficult to stem and the fans are getting more and more.
and what you say is true. they don't care what happens to eth or bnb because basically they are different in terms of system.
and in fact the past few months have been hype that has even become overhype in the adoption of NFT.
this is not without reason apart from AXIE it's fun they also start having fun playing as if they forgot the trading market but they can earn income from it.

[chaser15]

It's not over but the hype just decrease. Not all can maintain the hype for long. There's a certain trend at each. More importantly, NFT is not the same as ICO before that all crashed and go. There are NFT related projects that are worth to invest with the proper research at our own.

At the moment the hype around the NFT has not yet subsided but it is worth noting that the trading volumes at the opensea are falling but it can be seen that trading volumes are growing on other platforms such as binance, solana and tera.

Noticed that too. But still kicking depends on how good the project at marketing.

[budlo]

It's not over but the hype just decrease. Not all can maintain the hype for long. There's a certain trend at each. More importantly, NFT is not the same as ICO before that all crashed and go. There are NFT related projects that are worth to invest with the proper research at our own.

At the moment the hype around the NFT has not yet subsided but it is worth noting that the trading volumes at the opensea are falling but it can be seen that trading volumes are growing on other platforms such as binance, solana and tera.

Noticed that too. But still kicking depends on how good the project at marketing.

Of course there is no place without marketing. In this case it is worth noting that many projects prefer not to spend their money and investors' money on the gas of the ether network. It is worth noting that in these networks it is much easier to run into scam projects.

[SquallLeonhart]

It's not over but the hype just decrease. Not all can maintain the hype for long. There's a certain trend at each. More importantly, NFT is not the same as ICO before that all crashed and go. There are NFT related projects that are worth to invest with the proper research at our own.

I guess it would take a ton of money to keep the hype going any further. We already reached to billions of dollars spent every month on NFT, and if we end up with it going any further up that would be just money that we do not really have to spend right now as a market, we need to calm down and have a little less action going around in NFT world.

This doesn't mean that the amounts should go down, it just means that the top ones could stay at the same price, even go up, while the other lower ones would not get any attention at all. This way instead of top half getting 2 billion dollars per month and bottom half getting 200 million, we would have top getting 1.9 billion and lower getting 50 million, the overall dropped but the top ones did not drop too much at all.