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TRX $0.3330 -0.27%
DOGE $0.0693 -1.14%
ADA $0.1794 -1.98%
BCH $203.67 -4.59%
LINK $8.86 +1.10%
HYPE $56.07 -2.52%
AAVE $85.49 -3.57%
SUI $0.6756 -1.72%
XLM $0.1592 -0.48%
ZEC $484.67 -1.15%

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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