How the hype around NFTs has decreased massively since 2021 where it was at the peak of popularity and even celebs were buying NFTs left and right. Anyways, why am I bringing this up? I was going through the pre market for Magic Eden and I actually went to check the marketplace and it reminded me of how I used to browse Opensea everyday in 2021 lol
Well , if you're still a memecoin person you'll know of Magic Eden, you know it's popular for it's multi chain functionality and that enables it to make and receive payments in a flexible manner, so it makes 5thye whole market place user friendly. It's no wonder the premarket has decent volume, around half a mil in vol
What do you guys think was responsible for that drop?
Well , if you're still a memecoin person you'll know of Magic Eden, you know it's popular for it's multi chain functionality and that enables it to make and receive payments in a flexible manner, so it makes 5thye whole market place user friendly. It's no wonder the premarket has decent volume, around half a mil in vol
What do you guys think was responsible for that drop?
To answer your question, most NFTs really had no value and survived only on hypes and when the hype finally died down, it died with them.
I've been looking at Magic eden for a while tho. I really did see it on the pre-trade counter when I was searching for some available coins for pre-trade.
Official listing is actually today on Bitget tho.
I don't think we'll see NFTS hype of 2020-2021 anymore..but let's see cos market trends are in circles. For ME I got the airdrop and I just locked it for more on Poolx.
The Apr is good and based on the token utilities, it could get to dual figures soon.
The hype for most NFTs with no use cases is over. They were used for standard pump-n-dump stuff. They are useless digital assets that they raise the price to sell to the next sucker. The last one to buy loses. This kind of craziness happens in different things every cycle. With millions of people trading for a quick buck hoping to make big money, the ponzis in the financial markets never end, they just change their form.
it produces a big sensation as if it can get profit, indeed ponzi always exists and it continues, with procedures that are always different, by following the developments that occur, even though now NFT with its trading volume, people find it difficult to believe it, maybe they see the developments that occur and it continues with prices that are considered to affect the value of NFT so they judge it.