Quote from: darewaller on October 09, 2021, 08:44:27 PM

Quote from: pawanjain on October 09, 2021, 12:59:49 PM

Quote from: blockrevs on October 07, 2021, 06:23:32 PM

With the marketcap of crypto at near 2.5 trillion now..and I think that doesn't include NFTs right?
There is a lot of saturation but I am sure there are good projects launching.

Which crypto projects new ICOs or existing you are excited about?

Yeah I don't think NFT valuation is added into crypto marketcap. There are literally hundreds if not thousands of NFT projects going on these days.

One of the main reasons why it is not calculated is because they are all unique and they each have their own value depending on the owner. I could own one NFT and believe it worths 1 million dollars, some other person who ended up with it in another alternative universe could say it worths 1 dollars. It is art and they all have their own value in their owners eyes so there is really no way to calculate it.

Like bitcoin will have maximum 21 million bitcoins in the world but they are all the same and we decide on the price, but no NFT does have a calculateable price since owners do not put it on sale and just leave it up there all the time and we do not have 21 million same NFT (usually at least). Hence why it is quite difficult to calculate it and put it on top of the coin market cap right now, that is why we have to just guess it, and yet there is still no educated guess to find it out.

That is the most logical reason that makes sense as to why NFT's value is not considered in the marketcap. You have a really good perception.
Also, the volatility for NFTs is higher thatn cryptocurrencies because there are so many people flipping NFTs just like that.
They buy it for $50 and then list it in the marketplace for $250 and people still buy it. So that's another reason why it's way harder to consider NFT prices in the marketcap.