I am wondering why are NFT tokens so hot right now?
The gains in the last week are pretty significant.
I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.
So is this insane rally based on Hype and FOMO?
Do you predict the price rally will cool off and retrace soon?
When ICO is booming, there is so much hype on it but after few months it wear off.The gains in the last week are pretty significant.
I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.
So is this insane rally based on Hype and FOMO?
Do you predict the price rally will cool off and retrace soon?
When IEO is booming, there is so much hype on it but after few months it wear off.
When DeFI is booming, there is so much hype on it and right now it is slowly wearing off.
Now NFT is also booming, hype is there but for sure it will go down in the next months.
All of what is happening right now is purely base on hype and FOMO already. I'm holding ENJ tokens since it was below $0.50 and now my initial money is at x4. I'm planning to sell it anytime soon or when the Gas Fees of Ethereum go down. I'd like to take some profits while the market is up. Right now, we are seeing people FOMO'ed. All markets have time that they will go up but there will be times that they will retrace so to answer your question, yes there will be a time that it will retrace
.