Has the hype gone?

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Lunatic
Posts: 13
Joined: 05 May 2021, 16:01

Has the hype gone?

NFT Marketplaces Turnover Down 85% Since Mid-March

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According to Nonfungible.com, since mid-March, turnover on platforms for buying / selling NFT tokens has dropped from $ 19.3 million to $ 3.03 million. The analytics did not take into account the sale of Beeple at the auction for a record $ 69.3 million.
Most people tend to get overexcited. Now we are witnessing an early correction, which will only benefit the market in the long term, Tom Bilue, head of Impact Theory, told Bloomberg.

Thus, the holders of NFT tokens were in the dark and an extremely difficult situation. For example, the well-known Metapurse B20 NFT token has lost almost 80% of its value and is trading not at $ 30, but at $ 6.

Moreover, the total value of all NFT tokens on the NBA Top Shot marketplace fell from an all-time high of $ 1.85 billion to $ 1.09 billion in just 30 days.

Notably, against the backdrop of falling prices for NFT tokens, Dapper Labs (note - NBA Top Shot developer) raised $ 300 million from major investors. According to Dapper Labs, the release of NFT is just picking up steam, and the volume of transactions will soon reach a new all-time high.

It is likely that we got ahead of ourselves with the March rally in NFT tokens, writes digital artist Drew Kataoka.
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GrayRabbit
Posts: 22
Joined: 04 May 2021, 15:25

Re: Has the hype gone?

Something was already like that, but somehow it did not have a very strong impact. Plus, I think it's useful for swinging.
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KrisMor
Posts: 39
Joined: 04 May 2021, 10:23

Re: Has the hype gone?

It is necessary to shake it both to maintain interest and to weed out those who are not confident in themselves and in their choice. And so, there is nothing wrong with that. A couple of times people will have a panic, then get used to it and will not even react. This is how everyone works now.
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