Bored Apes have dropped around 3/4 of their value over the past year. They’re still worth over $60,000, but anyone that bought them, or any other NFT, over the past year has taken a massive hit.
The real question is whether NFT prices will cycle with bitcoin when crypto prices spike back up or not. Crypto has always had crazy peaks and dumps, and that pattern will probably continue, but I think NFTs are just going to go to zero. There’s no real reason for crypto, so speculating on a thing that has no value that’s based on a thing that has no value is real dumb.
Can’t wait for the day when NFTs are relegated to the “shameful history” bin. What a scam.
we may get to hear some mfs say “we’re still early” when the oceans of Earth start boiling
also I found this lol https://nftnow.com/features/nfts-are-crashing-again-heres-why/
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Bitcoin dropped in value, but is still very high and actively traded. It’s hardly in the dust bin.
Crypto? no. NFTs? yeah pretty much.
Bored Apes have dropped around 3/4 of their value over the past year. They’re still worth over $60,000, but anyone that bought them, or any other NFT, over the past year has taken a massive hit.
The real question is whether NFT prices will cycle with bitcoin when crypto prices spike back up or not. Crypto has always had crazy peaks and dumps, and that pattern will probably continue, but I think NFTs are just going to go to zero. There’s no real reason for crypto, so speculating on a thing that has no value that’s based on a thing that has no value is real dumb.