Bitcoin price and NFTs market

[Xal0lex]

It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.

There was no rally as such. The market grows very slowly and uncertainly. The NFT hype, in all likelihood, has already ended. Many NFTs are no longer worth the money they were bought or offered for, but the end of the hype does not mean that NFTs will no longer figure in the altcoin world. Further development will continue, but not as crazy as before. Usually, a hype for a certain group of cryptocurrencies lasts no more than 6-12 months.

[hichamito37]

It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.

There was no rally as such. The market grows very slowly and uncertainly. The NFT hype, in all likelihood, has already ended. Many NFTs are no longer worth the money they were bought or offered for, but the end of the hype does not mean that NFTs will no longer figure in the altcoin world. Further development will continue, but not as crazy as before. Usually, a hype for a certain group of cryptocurrencies lasts no more than 6-12 months.

Perhaps, as you say, it is possible that the hype will fade in the future, but it will not completely disappear. Like other trends, there will still be a small corner of the market and there will also be a small segment that continues to participate and invest in them. This will increase the diversity and richness of the market.

[Xal0lex]

It seems as though this slight rally is nothing more than a price trap, many coins haven't responded positively to this rally, and that's not a difficult thing to understand either. However it should be said that investing in NFTs is very risky because of their hype, once the hype is gone they will no longer be worth it. Whether the NFT trend is really over is not confirmed yet, we need more time to confirm.

There was no rally as such. The market grows very slowly and uncertainly. The NFT hype, in all likelihood, has already ended. Many NFTs are no longer worth the money they were bought or offered for, but the end of the hype does not mean that NFTs will no longer figure in the altcoin world. Further development will continue, but not as crazy as before. Usually, a hype for a certain group of cryptocurrencies lasts no more than 6-12 months.

Perhaps, as you say, it is possible that the hype will fade in the future, but it will not completely disappear. Like other trends, there will still be a small corner of the market and there will also be a small segment that continues to participate and invest in them. This will increase the diversity and richness of the market.

But will it be called a hype? More like a natural process of industry development, the emergence of competitors, the struggle for a place in the sun. The big hype in NFT may not happen anymore, but local hypes in NFT may appear from time to time. But judging by the past history of the industry, the market seldom likes to repeat itself and most often launches completely new categories of projects as a hype.

[South Park]

Nothing is exempted when btc crash. Nft, alts, toks, all of them will be pulled down as btc is like a giant magnet. The three nft's that you mentioned there are the biggest. They are backed by millionaires and billionaires, no wonder why they are still standing strong despite of the heavy bear that we are facing now.

BTC price seem to be actively moving again, this is a good sign that the price will now rise above 25k in no time but I wouldn't say that all other projects can follow. Those who are poor quality and scams, are now going to be buried together with the bear. I feel sorry for those who invest on them and take the time to wait for nothing.

Bitcoin is simply too influential, when it goes down almost all the market does the same at the same time and those coins have the tendency to crash even harder than bitcoin, however when it goes up not every single coin does the same, I really believe that the hype of NFTs is not going to ever repeat with the same intensity that we saw, since the losses that market has produced are massive, only a few people won while the rest are now holding useless NFTs in exchange for the massive amounts of money they used to pay for them.