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|Hardcore Crypto trader| |Bitcoin Holder| |To the moon 🚀|
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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.
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.
$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.
This s**t can't stop dumping in both bear and bull market.
At the #BitcoinHalving there will be no bailouts.
HOW TO HANDLE A MARKET DOWNTURN
Have you noticed the rush of people selling off their cryptocurrencies?
Folks who bought $SOL at $180 are now dumping it at $143.
Those who entered $BTC at $68,000 are now cashing out at $63,000.
Here's a mindset tweak: Instead of dreading the bear market, view it as a support system, a companion, and an opportunity. It's during these downturns that you position yourself for the next 100X gem. It's when the market dips that you can grab more of your desired coins.
This kind of opportunity doesn't surface in bull markets.
Bulls reward those who brave the bears.
Sure, our portfolio's taking hits, but we're undeterred. We see this as a life-altering... chance. All we need is more capital to dive into the market.
We're not panic-selling. We're holding tight, staying patient, enduring, knowing our efforts will pay off in time.
Professor Mende signing off
Have you noticed the rush of people selling off their cryptocurrencies?
Folks who bought $SOL at $180 are now dumping it at $143.
Those who entered $BTC at $68,000 are now cashing out at $63,000.
Here's a mindset tweak: Instead of dreading the bear market, view it as a support system, a companion, and an opportunity. It's during these downturns that you position yourself for the next 100X gem. It's when the market dips that you can grab more of your desired coins.
This kind of opportunity doesn't surface in bull markets.
Bulls reward those who brave the bears.
Sure, our portfolio's taking hits, but we're undeterred. We see this as a life-altering... chance. All we need is more capital to dive into the market.
We're not panic-selling. We're holding tight, staying patient, enduring, knowing our efforts will pay off in time.
Professor Mende signing off
$BTC
#dump
Bitcoin experienced a partial recovery today following a weekend decline, driven by positive news from Hong Kong regarding the potential for a spot Bitcoin ETF. However, the overall outlook remains unchanged. The current upward movement lacks substantial reasoning beyond the typical "To The Moon" sentiment. Miner profit-taking persists and is expected to intensify, with the correction yet to meet even modest targets. Consequently, sustainable growth seems unlikely. Any minor upticks may lure investors into a bull trap, prompting profit-taking on long positions. Despite the drop, the fear and greed index remains high, indicating ongoing market fervor. Unabated enthusiasm risks market overheating and subsequent breakdown.
#BTC #Bitcoin #bitcoinhalving $BTC
#dump
Bitcoin experienced a partial recovery today following a weekend decline, driven by positive news from Hong Kong regarding the potential for a spot Bitcoin ETF. However, the overall outlook remains unchanged. The current upward movement lacks substantial reasoning beyond the typical "To The Moon" sentiment. Miner profit-taking persists and is expected to intensify, with the correction yet to meet even modest targets. Consequently, sustainable growth seems unlikely. Any minor upticks may lure investors into a bull trap, prompting profit-taking on long positions. Despite the drop, the fear and greed index remains high, indicating ongoing market fervor. Unabated enthusiasm risks market overheating and subsequent breakdown.
#BTC #Bitcoin #bitcoinhalving $BTC
$VET 2024 VET (Vchain) price predictions vary: Bullish forecasts see it hitting $0.09 or even $0.1 due to supply chain potential [Changelly, BLOX]. Cautious outlooks expect moderate growth or slight decrease [CoinCodex, PrimeXBT].
$VET #Vchain #CryptoPrice
$VET #Vchain #CryptoPrice
🥊 $VET teams up with UFC for groundbreaking partnership! Gloves will be tokenized with NFC chips, tracking fight data on VeChain blockchain to prevent fraud. With 625M fans, this move opens doors to new investors.
#VET #UFC #Blockchain
#VET #UFC #Blockchain
The market crash isn't solely due to the Israel-Iran war; there are several factors at play:
1) Historically, market crashes have coincided with the #bitcoinhalving, suggesting more crashes may occur.
2) When Bitcoin ($BTC) crashes, it tends to drag down other cryptocurrencies like Ethereum ($ETH) and Solana ($SOL).
3) Avoiding futures might be wise in this volatile market.
4) If you're currently at a loss, holding may be the best strategy.
5) April's end could see a market pump, with ATH expected in June and July.
Despite ongoing conflicts, Bitcoin has managed to reach ATH amid two wars. But can a few missiles crash the market? #SHIB $BTC $BNB
1) Historically, market crashes have coincided with the #bitcoinhalving, suggesting more crashes may occur.
2) When Bitcoin ($BTC) crashes, it tends to drag down other cryptocurrencies like Ethereum ($ETH) and Solana ($SOL).
3) Avoiding futures might be wise in this volatile market.
4) If you're currently at a loss, holding may be the best strategy.
5) April's end could see a market pump, with ATH expected in June and July.
Despite ongoing conflicts, Bitcoin has managed to reach ATH amid two wars. But can a few missiles crash the market? #SHIB $BTC $BNB
$BNB Despite market turmoil, BNB stood strong, showing resilience with minimal losses and high investor confidence. #BNB #crypto
🚀 Get ready for liftoff! $STORJ is primed for a journey to the moon 🌕 with its revolutionary decentralized cloud storage platform, soaring demand, and strong community support. Buckle up, it's going to be an exhilarating ride!
#STORJ #moonshot"
#STORJ #moonshot"
Mastering the Art of Timing: When to Buy or Sell Cryptocurrency
Cryptocurrency is a relatively new and rapidly evolving market that has gained immense popularity in recent years. With the rise of digital currencies like Bitcoin, Ethereum, and Litecoin, more and more people are becoming interested in the world of cryptocurrency trading. However, one of the biggest challenges traders face is knowing when to buy or sell their digital assets. The volatility of the market can make it difficult to predict when prices will rise or fall, which can lead to missed opp
Decoding the Crypto Market: How to Identify a Promising Coin to Invest In
The world of cryptocurrency can be both exciting and intimidating, especially when it comes to investing. With so many coins and tokens available, it can be challenging to identify the good ones to invest in. But, investing in a promising coin can lead to significant returns in the future. To navigate through the complex world of cryptocurrency, it's essential to understand the fundamental principles of the market and learn how to identify a coin with strong potential. In this post, we will be d
$TFUEL one of the coins with less hype and attention is definitely one of the best coins everyone should bag for this bull run .
it's never late yet.
it's never late yet.
El Salvador's$BTC Turning a Profit
El Salvador's audacious plunge into Bitcoin is paying off – for now. After facing initial losses when the cryptocurrency nosedived in late 2021, their holdings of 2,798 BTC are currently valued at $131.3 million, yielding an unrealized profit of around $13 million.
That's a far cry from the $20 million they initially invested in June 2022, not the oft-reported $85.5 million. The government's unwavering commitment to buying one Bitcoin a day since November 2022 has contributed to this positive swing.
Despite the lingering doubts, El Salvador's experiment is captivating the world. The "Bitcoin City" project, fueled by these digital assets, aims to build a futuristic metropolis free from traditional banking systems. Whether this gamble pays off in the long run remains to be seen, but one thing's for sure: El Salvador is boldly forging its own path in the crypto era, with eyes fixated on a decentralized future.
El Salvador's audacious plunge into Bitcoin is paying off – for now. After facing initial losses when the cryptocurrency nosedived in late 2021, their holdings of 2,798 BTC are currently valued at $131.3 million, yielding an unrealized profit of around $13 million.
That's a far cry from the $20 million they initially invested in June 2022, not the oft-reported $85.5 million. The government's unwavering commitment to buying one Bitcoin a day since November 2022 has contributed to this positive swing.
Despite the lingering doubts, El Salvador's experiment is captivating the world. The "Bitcoin City" project, fueled by these digital assets, aims to build a futuristic metropolis free from traditional banking systems. Whether this gamble pays off in the long run remains to be seen, but one thing's for sure: El Salvador is boldly forging its own path in the crypto era, with eyes fixated on a decentralized future.
If the SEC approves spot #Bitcoin ETFs, they could start trading as soon as the next business day, Bloomberg reports.
#BTC #VET
#BTC #VET
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