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BTC $63,066.51 +0.05%
ETH $1,881.24 -0.03%
BNB $605.61 -0.70%
XRP $1.00 -0.36%
SOL $75.50 +0.12%
TRX $0.3308 -0.63%
DOGE $0.0697 -0.73%
ADA $0.1768 -2.34%
BCH $203.25 -1.26%
LINK $9.39 -0.95%
HYPE $56.94 +0.84%
AAVE $86.32 -0.69%
SUI $0.6753 -1.30%
XLM $0.1567 -1.34%
ZEC $486.60 -1.54%

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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