• A trader and analyst is bullish on non-fungible tokens (NFTs), citing lack of regulatory scrutiny and potential for wider adoption.
• NFTs currently have a total market cap of $10B and monthly sales volume of $809MM, which is 0.01% of the total crypto coin market sales volume.
• Kaleo argues that the low intuitive barrier to entry for regular people makes NFTs an attractive opportunity for the upcoming bull cycle.
Non-Fungible Tokens (NFTs) Present Major Opportunity for Upcoming Crypto Bull Cycle
Low Regulatory Scrutiny
Pseudonymous trader Kaleo tells his 590,000 Twitter followers that he’s bullish on non-fungible tokens (NFTs), partially because so far, the sector is not on the radar of the regulators. The total crypto market cap is ~$1.1T while the total NFT market cap is less than 1%, sitting at ~$10B and with monthly sales volumes last month only reaching $809MM, which is ~0.01% of the total crypto coin market sales volume. This means that regulators have bigger fish to fry than NFTs, making it an attractive option as it has less friction in terms of regulation.
Low Intuitive Barrier to Entry
Kaleo also argues that NFTs are the easiest thing for regular people to understand due to their digital collectibles aspect, which could lead to wider adoption among mainstream audiences. He encourages investors not to ignore this sector as it can present major opportunities during bull cycles despite its low current volume levels.
Market Cap Comparison
The total crypto market cap stands at around $1.1T while the total NFT market cap sits at approximately $10B, making up less than 1% of all cryptocurrencies in circulation today; meanwhile monthly sales volumes last month reached only $809MM – 0.01% of all crypto coin market sales volumes overall – demonstrating just how small this sector still is compared to other areas within cryptocurrency investing/trading right now.
Bullish Outlook
Overall, Kaleo has a very bullish outlook regarding non-fungible tokens (NFTs) heading into what many believe will be another bull cycle in cryptocurrency markets soon; citing both its low level of regulatory scrutiny so far and its low intuitive barrier to entry when compared with other complex digital assets like Bitcoin or Ethereum as reasons why more investors should consider getting involved in this space sooner rather than later before prices start rising again and competition enters this relatively small but growing sector more heavily over time too..
Conclusion
Ultimately, there’s a lot of potential upside for those who take advantage early on with regard to non-fungible tokens (NTFS); given their current status as one of the least regulated sectors in cryptocurrency markets combined with their ease-of-understanding by mainstream audiences – they could present an interesting opportunity during upcoming bull cycles if more investors decide it’s worth taking a closer look at before others jump onboard too en masse further down the line sometime!