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XRP $1.40 -1.63%
SOL $104.87 -1.56%
TRX $0.3365 +0.67%
DOGE $0.0895 -0.65%
ADA $0.2194 -0.37%
BCH $256.26 -1.87%
LINK $13.26 +7.97%
HYPE $87.92 +0.16%
AAVE $134.52 -0.56%
SUI $0.8129 +1.59%
XLM $0.1918 +2.59%
ZEC $1,197.60 +0.94%

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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