It is indeed a very difficult task to come up with a reliable prediction about a new token. I am very bullish in general when it comes to anything non fungible token. But even then, my speculation is always at its highest. It is a fact that there is no chance that all and every investment opportunity will give green returns. Even the most trusted projects with huge potential sometimes back down from the top bar simply because the competitors outperform in a singular different aspect. As of such, my speculations about the Tron blockchain's NFT token is still very high.
Looking at the simple token stats, we can grab a quick picture of the short term future of the token and start putting together the long term predictions. I say predictions in plural only because a single prediction is both unfair and unreliable, instead creating a few predictions and refining them along with the movements of the market and NFT's response to it is much better.
To start putting the dots together, especially if you are just as disconnected to the token as I am, comparing NFT tokens to the closest of its kind seems acceptable to me. In this case Wink. Albeit, the two tokens serve separate purposes and were introduced to the market very differently, the numbers and behavior is very similar.
Both the tokens have a very high total supply with NFT having a much larger one. The greatest similarity is their response to the market's general movement. In both cases, the tokens have seen their major spikes on 3 different occasions with similar gaps and matching trends. In November of 2021, both the tokens show an uptrend movement, although not peaking, because of the crypto market taking on a bullish character.
While WinK has a solid use case as it is is mostly used for gaming and backed hugely by gambling and playing, the chances of NFT
token being just as popular is slim. That is simply because the NFT culture is not even close to shattering roofs of popularity as is the gaming culture. Matter of fact, it is very sensible to assume that there are more gamers in the NFT scene than there are NFT holders in the gaming scene.
This puts negative pressure on the NFT
token as the airdrops are being given to holders of tokens of all kinds - including the people that are least interested in NFTs than they are in gaming or filesharing. The probability of retention among such holders is low. With a high volume of airdropped tokens being saturated within accounts that may not be interested in NFTs, the likelihood of this token creating a bullish trend is very low.
On the flip side, it is a very good thing too. The airdrops are an incredible way of promoting the APENFT platform and a gamechanging way of introducing NFTs to the TRON enthusiasts. There is a considerable chance of all holders turning towards NFTs, learning about them and investing in them. Especially since they have the means to.
As of now only a small amount of the airdrops have been completed. The APENFT platform is still not as big as it could be either. It is only a matter of time before we see the big swings from which we can determine the future of the NFT
token.
I've seen the APEnft but it doesn't have any value and of course it's almost impossible to try
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of course it has no value because it is still being distributed and usecases haven't been solidified. How do you think it will have value now? LOL
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We'll see how it goes. Because of course predictions can go wrong, especially if it has to be like this, this can be reversed and become anything, we can only see it. How is the role played?
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Very informative post. I hope also
AFENFT
will go to the MOON.😍Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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After 80% is added to circulation we might see the first biggest trend that will act as the longterm support. Lets see what happens.
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