NFT Prediction from Litecoin Founder!

Litecoin founder Charlie Lee announced that NFT prices will decrease to bottom levels.

NFT prediction came from Litecoin founder. From sports to artworks, from digital terrain to a bend of the Formula 1 track, NFTs have attracted the attention of cryptocurrency investors, especially in the last year. Sometimes hundreds of thousands of dollars can be paid for just one athlete image or any photo that might look interesting. This situation causes the sector to grow and of course to be talked about. Charlie Lee, the creator of Litecoin, one of the popular cryptocurrencies, stated on his Twitter account that NFTs are not as valuable as seen. Lee shared his evaluations on the subject in the flood (tweet series) he made on his Twitter account as follows: “The problem with NFTs is that they are not scarce assets. There is no cost to generate an infinite number of tokens. Of course, Justin Roiland's NFT is unique and beautiful, but is there anything that will stop the likes of Matt Groening and Mike Judge, or thousands of other artists, from making new NFTs?” Unlike NFTs, true works of art are not cost free. Making a work of art takes time and effort. Picasso can make thousands of works of art, but he has to give his whole life for it. So what he does would be both scarce and valuable. The scarcity of NFTs is artificial. Due to its low cost, every party will be filled with many artists who want to sell their NFTs dearly. Supply will exceed demand and price will crash. I say all this, but I would love to be mistaken. I created a unique NFT with my profile picture and it didn't cost me anything. (Except for a ridiculous ETH transaction fee of course). Now show that this NFT is valuable and that I am wrong with these ideas. If this business is profitable, no one can get me back from filling the market with this Chikun token. So be careful if you want to buy it. I would also like to say this here. I am not saying that “Digital art works take no effort and time”. Some works are really beautiful and the artists are very talented. I know a lot of effort has been put into some works. However, NFT is not a work of art. It is cheap to create. "   Prices for Hundreds of ETHs About 2 years ago, in May 2019, 111 thousand dollars were paid for a Formula 1 race car called 1-1-1. In the last month of 2020, a corner of the Formula 1 Monaco circuit was sold for $ 223,000. A Punk NFT from the CryptoPunks series, known as the first NFT project, found buyers for 605 ETH in January of this year, approximately 760 thousand dollars with the dollar parity of that period. This price was recorded as the biggest fee paid for NFTs. Despite these statements by Litecoin founder Charlie Lee, it is stated that NFT is seriously rare. Source: Uzmancoin.com