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NFT's $30B Market Cap Is Nothing Yet

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Agr8buzz
@agr8buzz
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2 min read

I have a little hunch that NFT based crypto's will be one of the primary drivers of the upcoming alt season, with the best yet to come later this year.

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fstatic.fabrik.io%2F16kj%2Fa58dfc7fcebb82a0.png%3Fauto%3Dformat%26lossless%3D1%26w%3D1280%26h%3D1280%26fit%3Dmax%26s%3D33e5a8d3694f9dc117fe586da5bdcedf&f=1&nofb=1 source

As it stands right now the NFT market cap is in the area of $30B and growing rapidly.

I think it's just fun to look at this little number so that one day in the likely near future we can look back and have a laugh when it hits $1T.

NFT Market Cap Includes Blockchain Gaming

The NFT market cap includes some blockchain gaming and I'm sure will include more in the future as custom built in-game tokens become the norm.

The Alien Worlds token TLM as an example has boomed recently which is great for the game and the space. I bought a shit ton at $.05 and wondered how it would do, but personally I've found the mining game to be pretty boring out of the gate.

I haven't logged in for weeks and stopped tracking the coin, heard I missed out on a big pump but good to see it's sitting at $.62 and now holding position #7 on the NFT market cap.

There will be more opportunities like this, keep your eyes open.

NFT's To Drive Alt Season

Like the opening sentence reads, I think NFT tokens and their associated assets will drive the growth in the upcoming alt season along with a continuation in DeFi which currently has a market cap of $118B.

Let's keep an eye on the top 10 tokens within the NFT space, and eventually I'm sure it will be prudent to track the top 50..

I'm going to say that much like DeFi in 2017 a lot of the projects in the NFT space are built on a hope and sprayer right now. Some with an MVP to showcase their wares and some without, which leads to a lot of speculation about their tokens, but also opportunities to earn big returns.

It's early, I mean really really early here with NFT's but hey we've been here before and know how to profit off of these markets.

Not financial advise but I think now's the time to consider taking somewhat risky positions within the NFT space, and I'm talking long shots, thinking 1-3 years down the road to see many of these project start to hit their stride, much like we experienced with DeFi.

Keep your eyes open and happy investing! Looking forward to a $100B NFT market cap sometime in 2021.

Ciao for now,

@agr8buzz

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