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BTC $79,038.89 -0.72%
ETH $2,481.91 +0.08%
BNB $743.36 -0.22%
XRP $1.40 -0.90%
SOL $104.25 -1.50%
TRX $0.3348 -0.04%
DOGE $0.0898 +1.41%
ADA $0.2197 +1.24%
BCH $259.27 +1.25%
LINK $12.95 +6.23%
HYPE $86.53 -2.39%
AAVE $132.25 -0.93%
SUI $0.8206 +3.54%
XLM $0.1915 +4.08%
ZEC $1,175.80 +2.54%

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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