07-24-2021, 01:22 PM
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#16545
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Member
Join Date: May 2011
Location: Cleveland, OH
Posts: 13,786
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Quote:
Originally Posted by ovrcollect
Topshot Marketcap (via flowmarketcap):
Feb 23rd (Peak): 1.969 Billion
March 23rd: 1.263 Billion
April 23rd: 857 million
May 23rd: 670 million
June 23rd: 574 million
July 23rd: 479 million
Majority of the plummet came far before playoffs even started. Over this time, also consider how many packs and moments have been added to the marketplace.
All the while, early adopters were telling all the new people to buy series 1 because that was "safe." In reality, they created a whole new group of bagholders
Series 1 Lebron lowest sale (via Momentranks):
Feb 23rd (Peak): ~$7,000
March 23rd: ~$3,000
April 23rd: ~$1,800
May 23rd: ~$1,200
June 23rd: ~$900
July 23rd: ~$700
Most people that are still active keep touting that they don't care about losing money because they're "collectors." Talk about drinking the kool-aid... Topshot has killed any REAL collectability with the arbitrary moments used in challenges and collector score weighting.
This makes more sense as a pay to play mobile game at this point than any resemblance of NFTs or collectibles.
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yOu'Re JuSt A hAtEr.......
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