September 4 is a special day for the encryption market. On September 4, 2017, the central bank and other seven departments jointly issued the "Announcement on Preventing the Risk of Token Issuance and Financing", which closed the domestic encryption market. door.
In the past four years, every time this day comes, the atmosphere of the market will change, and pessimism spreads rapidly, but today, four years later, the situation has changed.
Last night, the central bank released the "China Financial Stability Report (2021)", which mentioned that rectification work such as virtual currency transactions has been basically completed and has been transferred to normal supervision. Although there is no news of relaxation yet, this also means that the market can take a breather under the "high pressure" policy that has been maintained for four months, and does not need to worry about "emergencies" all the time.
At the same time, the recent performance of the encryption market is also quite good. Some public chains have performed well. Solana pass has become the first 100-fold public chain pass this year. In terms of mainstream pass, BTC has returned to above 50,000 US dollars, and ETH has touched 4000. The threshold of the US dollar is only one step away from the previous high.
As for the price change of ETH, we have to mention the hot NFT market recently. The popularity of NFT made the destruction of ETH exceed the output for the first time yesterday, which triggered the deflation of ETH. This has to be admitted as a history sexual moment.
Although the boom in the NFT market is beneficial to the price of ETH, there are still many things worth noting about the value of NFT itself.
This wave of NFT craze started with CryptoPunks at the end of July and early August. You can see the CryptoPunks that have been traded for two or three days in a row. Reached 48988 ETH, or about 121 million US dollars, an increase of 1251.95% from the previous month.
Then, the "headshot tide" also came. As NBA superstar Stephen Curry spent $180,000 to buy a monkey as his headshot, fans also followed in Curry's footsteps. Replaced the avatars with the "boring monkey" series.
And Boring Monkey has really been popular for a while, pushing up the Gas fee on the Ethereum public chain and increasing the demand for ETH.
Regarding the popularity of high-priced NFT, the reaction of most people in the market is that although they cannot understand it, they are deeply shocked. In fact, the reason is very simple.
1. NFT often symbolizes "flaunting wealth". For humans, buying an NFT worth tens of millions is like buying an ordinary piece of clothing. You won’t feel heartache, and you can get great satisfaction in vanity, and there are many people who really like it. lovers.
2. Speculation or investment. Many users see that NFTs are popular, so they choose to stock up on NFTs and wait until the price is high to resell them. What's more, after buying them themselves, they will turn their left hand to their right hand, pushing up the price step by step, and finally see who will take over. Previously, there were rumors that the famous grandson in the circle had an NFT with his left hand and his right hand. He forgot to switch accounts and only one account kept buying the same NFT. This was also spread as a joke in the market.
But the good times haven’t lasted long. After maintaining the hotness for a period of time, the NFT market that has just been popular for a long time has been dubbed the title of “classic NFT is dead”. The prices of major NFTs continue to fall, and most of them fall very quickly. With the emergence of speed, one can imagine how fast the NFT market updates and iterates.
As rumored in the market, after the art students have made a lot of money, it is the turn of the liberal arts students, so the text NFT has risen again.
Loot has swept the NFT market again with only a few lines of true white characters and black background, and the price is often dozens of ETH, which seems quite absurd.
And many good people in the market have also interpreted Loot's works in the Chinese version. Although most of them are jokes, they have captured the essence of them.
Of course, Loot is not as simple as everyone imagines. Loot is called a reform of the paradigm NFT. In short, Loot originated from an NFT project fair mint. The smart contract on Ethereum is directly minted to generate Loot, and the cost is only the gas fee of ETH. Loot is a pure txt version of NFT. Each Loot contains eight lines of text, representing 8 different game equipment, so Loot has the DNA gene of NFT assets, but the biggest difference from NFT is that NFT first has a large frame, Then sell the elements in the framework to buyers who have a consensus, and Loot can give different "materials" to gamefi players. Players can create your own stories based on these random materials. It can be martial arts or DND etc. In general, the emergence of Loot gives more possibilities and room for imagination to the future development of the entire NFT.
Moreover, the early friends who played Loot were indeed profitable, especially after the mechanism of airdropping 10,000 AGLD with loot appeared later. Some people have calculated the income of loot. The earliest investment in loot with 3,000 US dollars can get 1.25 million US dollars. return, and this "earliest" was only 7 days ago, so it is no wonder that such a rate of return makes many people flock to it.
However, it became popular very quickly, and the bubble was also obvious. According to the data last night, the number of traders and sales of the NFT word game Loot (for Adventurers) both declined. When this article was written, the number of traders dropped to 700, a drop of 30.56%; The 24-hour sales volume was 723, a decrease of 39.19%.
To sum up, for ordinary people, participating in the NFT market is not a very wise choice. Most ordinary users are not rich enough to use NFT as their avatar to show off their wealth. It only takes five seconds to take a screenshot , and investment or speculation is easy to be caught in high positions. The bubble in the NFT market is too serious, coupled with its liquidity reasons, once the bubble is punctured, there is a high probability that it will fall on the hands, so for ordinary people, either If you can participate in the first time, or just obediently be a spectator, it is often a trap to wait for the beautiful things that fall from the sky.
