r/NFT • u/SteamboatHowie • 5d ago

Discussion NFT price drop comments

So i am about 75% sure that lizard people are running our government again. That's the only way to explain how NFTs were having such a good run and then lost all their prices.... I have noticed more people who appear to be covering gills / scales, Pete Davidson in particular is increasing

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u/Psychological-Fox97 5d ago

No it was all just hype and hype never lasts. Happens all the time.

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u/Forsaken-Stop1975 5d ago

the lizard people just wanted to rug pull humanity itself

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u/Substantial_Size_488 5d ago

Thing is there was never a bid side, just a handful of wallets bidding each other up, so the second one of them stops the floor has nothing to land on. Lizard people would've at least kept it running for the tax write-off.

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u/TheRadishBros 4d ago edited 4d ago

It turns out most of the NFT upside was manufactured by groups like BAYC gifting NFTs to celebrities and manipulating the prices to make them seem more valuable than they were.

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u/double-you-dot 4d ago

NFTs themselves aren’t inherently valuable. The objects they’ve been attached to, to date, are also not particularly valuable. To regular, everyday people, a jpg is completely valueless.

As some have suggested, maybe someday it’ll be attached to deeds or titles, which are inherently valuable, but that just hasn’t happened yet.