John Cena refers to NFT sales as a “catastrophic failure”
On March 12, 2021, John Cena took to Twitter to give his two cents on the current state of NFTs. In a tweet, Cena compared buying an NFT to “pouring money down the drain”, calling it a “catastrophic failure”. This isn’t the first time Cena has spoken out against cryptocurrencies and blockchain technology. In 2018, Cena compared Bitcoin to “Enron in a digital form”, and stated that he would not invest in it.
Cena’s comments come at a time when the NFT market is booming. In the past few months, there have been a number of high-profile NFT sales, including Beeple’s $69 million sale, and Jack Dorsey’s $28 million sale. It’s clear that there is a lot of money to be made in the NFT market.
It was his mistake to include physical collectables
However, it’s worth noting that Cena is not the only one who has been critical of NFTs. Billionaire investor Mark Cuban has also spoken out against them, calling them a “huge waste of time and resources”.Cuban went on to say that he believes the NFT market is “in a bubble”, and that it will eventually “burst”.
What is the price of John Cena NFT now?
The current price of a John Cena NFT is $0.12.
Should I buy John Cena NFT?
The answer to this question depends on your investment goals and risk tolerance. If you’re looking for high-risk, high-reward investment, then John Cena NFT may be a good option for you. However, if you’re looking for a more stable investment, then you may want to look elsewhere.
What are the risks of investing in John Cena NFT?
As with any investment, there are risks associated with investing in John Cena NFT. The most obvious risk is that the value of your investment could go down. However, there is also the risk that the NFT market could collapse, which would leave you with a worthless investment.
Why has NFT become so popular?
NFTs have become popular because they offer a unique way to invest in digital assets. Unlike traditional investments, NFTs are not subject to the same rules and regulations. This makes them appealing to investors who are looking for more speculative investment.
Georgia Briggs is a cryptocurrency market expert. She has been involved in the cryptocurrency market since its inception, and has a wealth of knowledge and experience when it comes to this exciting new industry. Georgia is passionate about helping others learn about and invest in cryptocurrencies, and she is dedicated to educating people on the potential benefits of this innovative technology.