Atlas Development CFO: NFT prices will "halve and then soar"
Oscar Franklin Tan, chief financial officer of Atlas Development, believes NFT prices will "spike after the halving".
As part of a known cycle, prices and volumes should eventually spike after the halving," he said. Since NFTs are an established part of the ecosystem, bitcoin interest will spill over into NFTs along with torrents."
Zach Burks, founder of NFT marketplace Mintable, said that while it's nearly impossible to accurately predict future growth or technology adoption, the community can expect to see an increase in NFT volume as the price of bitcoin rises. "If halving also increases user engagement, then the expectation of an increase in NFT prices is reasonable."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNP Paribas gives Microsoft (MSFT.US) a "Buy" rating: Azure price increases will be gradually implemented after contract renewals, and a deal with SpaceX may be announced soon.
BNP Paribas has rated Microsoft as "Buy" with a target price of $549.
Iranian President will head to New York for UN meeting
"Big Short" Burry opens a position in QXO (QXO.US), betting on building products integration and undervaluation; stock price rises over 7%
Investor Michael Burry disclosed that he has purchased common and preferred shares of QXO (QXO.US), a building products company, citing its integration strategy and the currently depressed stock price. The stock surged 7.2% on Monday.
700,000 new elderly patients join, Eli Lilly (LLY.US) dominates 70%: The first Medicare weight loss drug coverage report released
Dave Ricks, CEO of Eli Lilly (LLY.US), said in an interview on Monday that since Medicare began coverage for obesity drugs in July, 700,000 new elderly patients have started using GLP-1 medications.
Crypto prices
More
