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BNB $752.54 +0.48%
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SOL $100.29 -2.26%
TRX $0.3309 -0.20%
DOGE $0.0782 -2.45%
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LINK $11.50 -2.47%
HYPE $79.26 -3.37%
AAVE $131.01 -3.28%
SUI $0.9156 -2.46%
XLM $0.1688 -1.70%
ZEC $1,250.66 -4.98%
AAPL $347.83 +0.36%
AMZN $251.86 -0.92%
GOOGL $292.23 -10.07%
MSFT $550.91 +3.89%
META $620.66 -0.49%
NVDA $214.13 -2.59%
TSLA $402.40 -1.82%
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INTC $92.10 -3.54%
SPCX $144.09 -3.97%
MU $952.38 -1.42%
AMD $563.25 -1.13%

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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