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_CryptoRich
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$IOST
Apart from me, who else bought the dip?
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Based on recent trends in the NFT market, it's clear that a significant portion of NFTs, particularly those created in 2024, are losing value. However, it's essential to contextualize this within the broader landscape. NFT Losses Many NFTs, especially those tied to speculative hype or newly launched projects without long-term utility, have seen dramatic declines in value. A report from Chainalysis indicated that the average price of NFTs has plummeted by around 92% between 2022 and 2023. Additionally, less than 50% of NFT sales today exceed $200. This stark drop in value reflects the oversaturation of the market with low-quality projects and an overall cooling down after the NFT boom. One of the most significant losses can be attributed to speculative investments in digital art and collectibles, where the value often depended more on trends and hype rather than any inherent utility. NFT Gains On the other hand, a minority of NFTs—especially those with real-world utility, such as virtual real estate or exclusive memberships—have retained or gained value. Examples include NFTs tied to the metaverse or gaming platforms like Gods Unchained, which have seen solid growth due to their tangible use cases. NFTs associated with traditional brands (such as high-fashion labels or major sports leagues) have also become more valuable, primarily because they offer unique consumer experiences. In conclusion, while the market for NFTs remains volatile, the consensus is that around 99% of NFTs have lost value, particularly those that were purely speculative. However, the few NFTs with inherent utility or tied to well-established industries have fared better.
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$MATIC is about to reach the lowest value in 1211 days (3.3 years). This s**t can't stop dumping in both bear and bull market.
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$DCR has shown so many weaknesses therefore i have to swap it with fantom $FTM
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$DCR is one coin wouldn't sell in a hurry 💰 💰
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At the #BitcoinHalving there will be no bailouts.
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