I’m highly skeptical that these things are really worth anything like the original price that was paid for them.
NFTs only real value is hype, nobody actually wants to own them.
The tweet had some hype when that moron bought it over a year ago and NFTs weren't what they are now, that hype is dead and so is the price of that NFT. Nobody gives a shit about "owning" Jack Dorsey's first tweet.
The apes, however, have massive hype still and they're gonna keep going up for another while imo. The people running it, Yuga Labs, recently bought a bunch of other huge projects and their acquisitions have gone up drastically since, they released their own coin and on the 30th they're releasing their own metaverse where they're presumably gonna sell digital land, so that's gonna print money too because everything is stupid.
Eventually the hype will die down, but I wouldn't be surprised if the floor price increased to >$500k before it does.
NFTs only real value is hype, nobody actually wants to own them.
The tweet had some hype when that moron bought it over a year ago and NFTs weren't what they are now, that hype is dead and so is the price of that NFT. Nobody gives a shit about "owning" Jack Dorsey's first tweet.
The apes, however, have massive hype still and they're gonna keep going up for another while imo. The people running it, Yuga Labs, recently bought a bunch of other huge projects and their acquisitions have gone up drastically since, they released their own coin and on the 30th they're releasing their own metaverse where they're presumably gonna sell digital land, so that's gonna print money too because everything is stupid.
Eventually the hype will die down, but I wouldn't be surprised if the floor price increased to >$500k before it does.
Also why the fuck do I know all of this.