A recent CoinGecko survey reveals that only 19% of crypto investors expect a resurgence in the non-fungible token （NFT） market during the current cycle.
Points
- 54.1% of respondents do not expect NFTs to return this cycle.
- Only 19.4% are optimistic about an NFT comeback.
- Sentiment remains consistent across different experience levels.
- Gaming and metaverse items are seen as the most promising NFT use cases.
- Builders and spectators are more optimistic compared to investors and traders.
According to a recent survey conducted by CoinGecko, only 19% of crypto investors believe that non-fungible tokens （NFTs） will make a comeback in the current market cycle. The survey gathered responses from 2,558 crypto participants, revealing a predominantly bearish sentiment towards NFTs.
Survey Results and Sentiment Analysis
The survey results indicate that 54.1% of respondents do not anticipate an NFT resurgence, with 29.5% strongly disagreeing and 24.7% remaining skeptical. A neutral stance was taken by 26.4% of participants. Interestingly, the sentiment towards NFTs remained consistent across different levels of crypto experience, with both newcomers and veterans sharing similar views.
However, there is a notable difference in optimism between different types of participants. Builders and spectators showed more optimism about NFTs compared to investors and traders. This suggests that those involved in creating and observing the NFT space see more potential than those primarily focused on trading and investing.
Promising NFT Use Cases
Despite the overall bearish sentiment, gaming and metaverse items emerged as the most promising NFT use cases, with 17.2% of participants considering them the most valuable. Other favored applications include memes （9.5%）, profile pictures （8.3%）, and art （7.6%）.
Caitlyn Burns, Senior Director of Story at Candy Digital, emphasized the enduring value of NFTs for engagement, regardless of market conditions. She noted that NFTs offer unique experiences and utility that transcend speculative activities.
Regional Differences and Bearish Sentiment
The survey, conducted between June 25 and July 8, 2024, included participants primarily from Europe, Asia, North America, and Africa. Notably, 36.9% of respondents identified as NFT bears or expressed apathy towards the technology.
解説
- Market Sentiment: The bearish sentiment towards NFTs indicates a cautious outlook among investors. This skepticism is driven by past market volatility and the speculative nature of NFT investments.
- Use Cases: Gaming and metaverse items are viewed as the most promising NFT use cases, highlighting the potential for NFTs to revolutionize digital ownership and in-game economies. These use cases offer practical applications that can drive long-term value.
- Regional Insights: The survey’s regional diversity provides a comprehensive view of global sentiment towards NFTs. Understanding these regional differences can help stakeholders tailor their strategies to specific markets.
- Builder Optimism: The optimism among builders and spectators suggests that innovation and development in the NFT space continue despite market challenges. This perspective is crucial for understanding the long-term potential of NFTs beyond current market conditions.
- Future Prospects: While the current sentiment is bearish, the evolving nature of NFTs and their integration into various industries could lead to a resurgence in interest and adoption. Continuous innovation and practical applications will be key to driving this comeback.