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ETH $2,218.23 -3.50%
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TRX $0.3515 -0.55%
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BCH $424.86 -2.94%
LINK $10.05 -4.86%
HYPE $43.99 -0.05%
AAVE $92.60 -7.10%
SUI $1.09 -8.65%
XLM $0.1543 -5.85%
ZEC $516.34 -8.15%

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

2024-11-25 16:49:14
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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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