The metaverse is at the center of financial discussions due to the interest of major corporations that launched their ecosystems in recent times. The interest in metaverse real estate signals the expectation that the virtual space will be valuable for the long term haul. The equally exaggerated view of NFTs is another pointer that investors are warning about. However, investment analysts have different opinions about what to expect from NFTs and metaverses due to their visible characteristics. The following are some diverse opinions on NFTs: Kraken Crypto Investment Analysts Predict NFTs will Lose Value The analysts from Kraken do not expect to see a sustainable market demand for NFTs as time passes. The high market capitalization of the digital assets is due to the overrated value of the items. As things settle down, the investors will become aware of the fact and lose interest in NFT platform trading. The reduced demand will see the assets lose value and cause the market cap to fall. The conclusions come from an intense analysis of the market movement over the past months, where a downward trend is evident. According to their findings, the market cap of the NFT market in September 2021 was at its peak while it stands at half of the value today. The case example is when The Dorsey NFT, the former Twitter CEO’s first tweet, failed to sell for the targeted 25 million dollars. The owner bought it at 2.9 million dollars, but it r...
XRP Price Prediction For 24 November
