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TRX $0.3149 -0.67%
DOGE $0.0648 -3.55%
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LINK $9.89 -2.42%
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XLM $0.1444 -1.56%
ZEC $942.84 -4.39%
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AMZN $268.52 +0.82%
GOOGL $300.61 +1.79%
MSFT $521.79 +0.03%
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TSLA $399.27 +3.11%
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INTC $61.37 +0.69%
SPCX $140.69 +0.64%
MU $803.09 +1.14%
AMD $578.66 +2.16%

Andrew Kang: BLUR is a good choice, the NFT market will make a comeback

2024-11-25 16:49:14

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on social media: "If you believe the market will rise significantly from now on and that there will be overheating, then you must believe that the NFT market will make a comeback as a way for people to show off digitally.

Memecoins have indeed siphoned off some speculative energy from the NFT market, but those who still hold NFTs are not in a hurry to sell. There is almost no supply in the market, so it only takes a small wave of enthusiasm to reignite momentum.

Azuki is about to launch AnimeCoin, and other top projects may take similar actions, which could serve as catalysts.

This is also why I think BLUR is a good choice, with significant upside potential in the future. With most unlocks already completed and the token not having experienced a major increase yet, it currently appears quite attractive as a bet on the overall NFT industry. Since its launch, BLUR has almost absorbed the entire market share of the NFT market."

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