It's hard to tell when the crypto bubble will burst, or if there is one

economictimes.indiatimes.com:

Graham Friedman, a self-described crypto evangelist, is among them. Friedman put up more than $20,000 of his own money to buy one wolf and one sheep — or, rather, unique digital images of them called nonfungible tokens. «I'm like, dude, the narrative is so cool, said Friedman, a director at Republic Crypto, a digital asset strategy company. „I'm here for the waltz.,

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Wolf Game, as it is called, applies some familiar financial principles to a mysterious digital world. Players can buy sheep from the creator of the game, identified only as “the Shepherd, and lend them back to „the barn, — essentially a storehouse — to earn interest. The payments are in $wool, a digital token that can be used as a form of payment anywhere on the Ethereum blockchain, on which the game is built. To get a sheep back from the barn, players must pay a 20% tax in $wool to those who bought digital images of cartoon wolves. When Wolf Game's creator discovered that the game was vulnerable to hackers and shut it down temporarily to fix its code, freezing everyone's assets, players had little recourse. They simply had to wait and hope that the game would come back online and that they would be able to retrieve their holdings. This spooked some participants, who got out as fast as they could once the game was running again. But others, including Friedman, kept playing. “Getting in there when it looked sort of damaged and reputationally unsure turned out to be very smart, Friedman said. By essentially buying the dip, he had tripled his investment to $60,000 as of January.