Bitcoin

<ul class="news-points"><li>The head of research at K33 Research warned people to stay away from NFTs during the next bull cycle.</li><li>The researcher believes NFTs will not experience the same positive momentum seen in previous bull markets.</li><li>Even if NFTs can gain some momentum, Helseth predicted that it is likely to fizzle out very quickly.</li></ul>In an X post shared earlier today, the head of research at K33 Research, Anders Helseth, cautioned people to steer clear of <a href="https://coinedition.com/what-are-non-fungible-tokens-nfts/" rel="noopener noreferrer nofollow">NFTs</a> during the next bull cycle. Helseth pointed out that in previous bull cycles, Bitcoin (BTC) performed well initially, after which altcoins started to shine as the bull market gained more momentum.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">Stay away from the NFTs! by Head of Research <a href="https://twitter.com/andershelseth?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@andershelseth</a> History rhymes but does not repeat. Faced with a brewing bull run, anticipatory traders will be wise to acknowledge the above saying. The dynamic of a bull cycle has always been that Bitcoin outperforms first,…— K33 Research (@K33Research) <a href="https://twitter.com/K33Research/status/1734487035178614812?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 12, 2023</a></blockquote></div></figure>The reasons for the positive performances of altcoins after BTC’s surge differ from cycle to cycle. However, Helseth believes that the one common thread between the previous bull cycles is the fact that these coins u…The post <a href="https://coinedition.com/nfts-may-not-perform-as-expected-during-the-next-bull-cycle/" rel="noopener noreferrer nofollow">NFTs May Not Perform as Expected During the Next Bull Cycle</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

NFTs May Not Perform as Expected During the Next Bull Cycle

Coin Edition

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