NFT/METAVERSE price movement, prediction and discussion

[Sirait]

the NFT market is really not in great demand, even products from donald trump himself reportedly don't have much interest (what happened to his fans), but I'm sure that's because of the unreasonable prices LOL.

It is not that surprising, I am sure that if a famous movie star released their own NFTs and some of those tokens were similar on the perks they offer to what we see with those Trump NFTs there will be people willing to pay huge sums of money for them.

But when it comes to Trump the market is simply not there, as whatever he has to say is something he has said hundreds of times already, and as such you might as well use all of that money to invest in bitcoin or to buy and item you will enjoy for way longer than a Zoom meeting.

smart people will definitely buy bitcoin instead of putting their hopes on NFT assets which are unlikely to be of great value in the future especially donald trump is slowly starting to lose his prestige and followers.

YouTuber Logan Paul has apologised to fans who lost money after investing in his cryptocurrency game, CryptoZoo.

The 27-year-old encouraged people to buy cryptocurrency collectables for what he called a "really fun game that makes you money".

But more than a year after its launch, no game has materialised and Paul has apparently abandoned the project.

Now, in response to another YouTuber's investigation into the business, Paul says he wants to "make this right".

CryptoZoo was launched in 2021 after first being discussed on Paul's podcast Impaulsive.

https://www.bbc.com/news/technology-64210289

this is the reason why don't trust an influencer too much, they are not a professional analyst, they only work for content, every time you invest, do your own research before.

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[o48o]

-cut-
Third possible reason would be the hype of NFT's are now over. We can confirm this more once the whole crypto market have recovered from the bear.

I am guessing third one wasn't the reason. Many nfts are thriving way better then most altcoins out there. Some have even outperformed every altcoin in this bullmarket in terms of mint to current price.
Many of them have fallen but it would be very unhealthy for markets if every crappy nft or altcoin out there would just go up. That would indeed smell like a pyramid scam from miles away.

[Sirait]

-cut-
Third possible reason would be the hype of NFT's are now over. We can confirm this more once the whole crypto market have recovered from the bear.

I am guessing third one wasn't the reason. Many nfts are thriving way better then most altcoins out there. Some have even outperformed every altcoin in this bullmarket in terms of mint to current price.
Many of them have fallen but it would be very unhealthy for markets if every crappy nft or altcoin out there would just go up. That would indeed smell like a pyramid scam from miles away.

I agree that the appeal of NFTs is not over because based on coinmarketcap, the supply and value of NFT tokens in the crypto market are huge. What makes Trump's NFT less interesting, I think, is bcause the fans don't really think it's important or the majority of them don't really understand the concept of NFT.

[NFTmetria]

Currently, if you analyze transactions, you can observe a large number of price manipulations for NFT tokens. This is done in order to show how expensive the sales were and what a cool project during the next bull run. Most NFT projects will not survive this crypto winter. However, TOP projects and NFT blue chips will develop the community more and attract new followers.
Asian NFT projects such as Azuki, Clone X have retained some volumes and are attracting new followers.
We wrote about methods for evaluating NFT projects before investing in NFT, giving a significant role to the analysis and evaluation of collection transactions. By evaluating transactions, you will be able to identify anomalies and not fall for the hype.

[Ludmilla_rose1995]

➥ https://nftnewstoday.com/2023/02/01/nft-sports-brand-sorare-partners-with-premier-league/

Sorare NFT continues to spread their wings and leagues in Europe will be their target. With their consistency, Sorare has a great chance to become one of the biggest NFT platforms in the world.

➥ https://www.coingecko.com/en/nft/sorare#:~:text=Sorare%20(SOR)%20price%20floor%20today,sales%20volume%20of%200.05%20ETH.

[justdimin]

Sorare NFT continues to spread their wings and leagues in Europe will be their target. With their consistency, Sorare has a great chance to become one of the biggest NFT platforms in the world.

Some crypto exchanges are already cooperating with some of the biggest sports names and encourage them to create their own NFT's but this Sorare is I think bigger than them because they don't only focus on one sport. This was a proof that NFT's aren't dead yet and maybe there are still other areas out there or fields which haven't been explored yet to join the NFT mania.

Currently, if you analyze transactions, you can observe a large number of price manipulations for NFT tokens. This is done in order to show how expensive the sales were and what a cool project during the next bull run. Most NFT projects will not survive this crypto winter. However, TOP projects and NFT blue chips will develop the community more and attract new followers.

That's no surprise and most of it are not only due to manipulation to take advantage of those who FOMO but it was also caused by those who launder money. Cases like that are said to be rampant now here in the world of NFT's but i hope more regulations can come so that this can be lessened at least and then the reputation of the NFT's won't be totally damaged.

[ivankoh]

-cut-
Third possible reason would be the hype of NFT's are now over. We can confirm this more once the whole crypto market have recovered from the bear.

I am guessing third one wasn't the reason. Many nfts are thriving way better then most altcoins out there. Some have even outperformed every altcoin in this bullmarket in terms of mint to current price.
Many of them have fallen but it would be very unhealthy for markets if every crappy nft or altcoin out there would just go up. That would indeed smell like a pyramid scam from miles away.

Yup, I think the NFT hype went down with the overall market bear cycle rather than a good reason.  NFT is still a new movement and it still has the potential to explode.  A series of famous brands are investing in converting to NFT, perhaps in the near future it will be Amazon.  That means NFT will have more time to develop, optimally suitable for growth and development in the future.  It solves many nooks and crannies in which the economy is standing.

[Ludmilla_rose1995]

-cut-
Third possible reason would be the hype of NFT's are now over. We can confirm this more once the whole crypto market have recovered from the bear.

I am guessing third one wasn't the reason. Many nfts are thriving way better then most altcoins out there. Some have even outperformed every altcoin in this bullmarket in terms of mint to current price.
Many of them have fallen but it would be very unhealthy for markets if every crappy nft or altcoin out there would just go up. That would indeed smell like a pyramid scam from miles away.

Yup, I think the NFT hype went down with the overall market bear cycle rather than a good reason.  NFT is still a new movement and it still has the potential to explode.  A series of famous brands are investing in converting to NFT, perhaps in the near future it will be Amazon.  That means NFT will have more time to develop, optimally suitable for growth and development in the future.  It solves many nooks and crannies in which the economy is standing.

With people's enthusiasm for creativity growing, the future use of NFT in all aspects of life is sure to happen. amazon!! maybe later will adopt NFT, soon we will see that happen, NFT is still very early days so even though the price is bad right now, in the future it won't.

[uneng]

-cut-
Third possible reason would be the hype of NFT's are now over. We can confirm this more once the whole crypto market have recovered from the bear.

I am guessing third one wasn't the reason. Many nfts are thriving way better then most altcoins out there. Some have even outperformed every altcoin in this bullmarket in terms of mint to current price.
Many of them have fallen but it would be very unhealthy for markets if every crappy nft or altcoin out there would just go up. That would indeed smell like a pyramid scam from miles away.

Yup, I think the NFT hype went down with the overall market bear cycle rather than a good reason.  NFT is still a new movement and it still has the potential to explode.  A series of famous brands are investing in converting to NFT, perhaps in the near future it will be Amazon.  That means NFT will have more time to develop, optimally suitable for growth and development in the future.  It solves many nooks and crannies in which the economy is standing.

Most NFTs being promoted are interesting acquisitions for the fan-base of the respective NFT product in advertisement, but for the rest of investors it's pretty useless. They don't offer benefits for holders in general, like Trump's NFTs for example. One of the rewards was a presential dinner with Trump, but that is very restrict to only his most hardcore fans, and citizens from US or foreigner millionaires and billionaires. So, why would anyone else purchase his NFTs, besides for a temporay boom in price? The same could be said about NFT collections from other celebrities.

[o48o]

Most NFTs being promoted are interesting acquisitions for the fan-base of the respective NFT product in advertisement, but for the rest of investors it's pretty useless. They don't offer benefits for holders in general, like Trump's NFTs for example. One of the rewards was a presential dinner with Trump, but that is very restrict to only his most hardcore fans, and citizens from US or foreigner millionaires and billionaires. So, why would anyone else purchase his NFTs, besides for a temporay boom in price? The same could be said about NFT collections from other celebrities.

I don't understand why would anyone buy trading cards from that man. But i do understand why people buy NFTs generally (obviously i don't get most of them, people seem to buy weak copies of originals too. I don't judge but i see that as a failing bet. Most NFTs don't offer holders any benefits but neither does dogecoin. However holding BAYCs has been very beneficial for the holders.

[DOH!]

I think, NFT/Metaverse has been exaggerated. Apart from the explosion of adoption for the arts and gaming sectors, it has not brought much benefit to users, largely due to a factor of speculation over valuations and high demand for games due to  covid19.  Bear market has represented the decline of the entire market and I think it is time to evaluate the maturity and existence of the nft/metaverse through the development, improvement and adoption of users.

[Sirait]

I think, NFT/Metaverse has been exaggerated. Apart from the explosion of adoption for the arts and gaming sectors, it has not brought much benefit to users, largely due to a factor of speculation over valuations and high demand for games due to  covid19.  Bear market has represented the decline of the entire market and I think it is time to evaluate the maturity and existence of the nft/metaverse through the development, improvement and adoption of users.

covid 19 has literally thrown the crypto market into a tailspin and pushed aside some of the NFT/Metaverse tokens that have no functionality and mass adoption.  but don't know what will happen in the next few years, will the NFT hype come back again and we will see lots of NFT / Metaverse tokens popping up.

[JayTrain]

I completely agree with you. The growth of the crypto ecosystem has been truly incredible, and the recent rise of game-fi, NFT, and metaverse tokens is just another example of how this industry continues to innovate and evolve. As you mentioned, there are still many new projects emerging in this space, which presents a great opportunity for investors to potentially make a big profit. However, it's important to approach these investments with caution and do your due diligence before investing, as the crypto market can be highly volatile and unpredictable.

[Sirait]

after claiming trump's NFT sales were successful in the first batch, now he's issued a second batch and reportedly (claimed) it's sold out.

"The second batch of Donald Trump NFTs consisting of 47,000 NFTs minted on Ethereum’s sidechain network, Polygon, sold out almost immediately yesterday. Although Donald Trump’s new cards provide fewer perks this time, including no Zoom calls with collectors or in-person meet-and-greets like before, all NFT cards sold out quickly at $99 a pop"

it seems trump is very serious in this NFT industry.

[Ludmilla_rose1995]

Popular action-adventure game series Grand Theft Auto is reportedly set to include cryptocurrency rewards in its upcoming upgraded version - GTA 6. The sequel to GTA 5, which is anticipated to be released in 2023 or 2024, is anticipated to be a major upgrade from its record-breaking predecessor. The latest instalment is likely to integrate blockchain technology to implement its crypto-based reward system.

➥ https://www.forbesindia.com/article/crypto-made-easy/gta-6-could-introduce-a-crypto-reward-system/77777/1

GTA is one of my favorite console games, if they really develop this then it will definitely grow big.

[Iyeman]

GTA is one of my favorite console games, if they really develop this then it will definitely grow big.

That will give a huge impact to the play to earn games again. This time P2e has been slowly gaining the traction again. i expect it to do so well in the upcoming bullish season. It will be so good to see that will able to go back again to the moon soon.
I hope that's gonna be real caused by we have seen very big decrease happened in the play to earn game.

[o48o]

Popular action-adventure game series Grand Theft Auto is reportedly set to include cryptocurrency rewards in its upcoming upgraded version - GTA 6. The sequel to GTA 5, which is anticipated to be released in 2023 or 2024, is anticipated to be a major upgrade from its record-breaking predecessor. The latest instalment is likely to integrate blockchain technology to implement its crypto-based reward system.

➥ https://www.forbesindia.com/article/crypto-made-easy/gta-6-could-introduce-a-crypto-reward-system/77777/1

GTA is one of my favorite console games, if they really develop this then it will definitely grow big.

Much of that sounds like just heavy speculation. I would welcome this but there are a big crowd out there that passionately hate crypto and nfts. And since it most likely would be a small part of the game, they might need to drop it. Just the outcry and boycott doesn't suit well with a company that's trying to make money. And on top of that laws on cryptos are still just forming and company could face some serious trouble for basically same reasons other crypto firms do.

[bitkanu]

I wonder if NFT based games still relevant, the rumour in regard of GTA 6 with its cryptocurrency rewards which might be in NFT might be massive and turning point for many NFT projects.
NFT game honestly seems like very interesting concept but just done wrongly since so many NFT game are just remake of the existing shitty game added with cryptocurrency feature, like NFT, which is honestly kinda obvious why it doesn't sustain for long.

[SUPERSAIAN]

I wonder if NFT based games still relevant, the rumour in regard of GTA 6 with its cryptocurrency rewards which might be in NFT might be massive and turning point for many NFT projects.
NFT game honestly seems like very interesting concept but just done wrongly since so many NFT game are just remake of the existing shitty game added with cryptocurrency feature, like NFT, which is honestly kinda obvious why it doesn't sustain for long.

GTA 6 NFT rumors seem to have excited all gamers and players. NFT now looks like it will spread to all games. In the past, we used to give money to the games, but now it is going to make money from the games, each game will build its own economy. It is still very early now and there has not been yet another NFT game on the market that has reached large masses. If GTA enters the market quickly, very interesting developments will come with it.

[o48o]

I wonder if NFT based games still relevant, the rumour in regard of GTA 6 with its cryptocurrency rewards which might be in NFT might be massive and turning point for many NFT projects.
NFT game honestly seems like very interesting concept but just done wrongly since so many NFT game are just remake of the existing shitty game added with cryptocurrency feature, like NFT, which is honestly kinda obvious why it doesn't sustain for long.

I really don't understand why people have taken these rumors seriously. Even Forbes india publihed an article where they stated that GTA6 is reportedly including cryptocurrency rewards.

But no one from rockstar has said anything even close to crypto being implemented in any form. Even mobile developers are struggling with the concept of pay tp play as it's just not sustainable nor it makes any sense.
I would see that in the future some people get paid to do chores in games, but those are paid by other players. Similar to people selling accounts that are grinded to high levels.