Post
Topic
Board Altcoin Discussion
Re: Hype around NFTs have dropped a lot
by
Issa56
on 08/12/2024, 21:19:27 UTC
What do you guys think was responsible for that drop?
Only people that are new in the crypto space will think the hype isn’t going to die down. In the crypto space, everything is seasonal, and NFT season has passed. Around 2021, NFTs were just hyped during that time, and the hype has died down. I will say 2021 was just the season for NFTs, and lots of people took advantage of it, people made lots of money during that period, and now nobody is talking about NFTs again. All those NFTs don't have any use case, just the same way meme coins are having hype currently, it’s just temporary, it’s going to die down. Scammers took advantage of the NFT hype to scam lots of people.