According to BlockBeats, on November 25, Andrew Kang, partner of Mechanism Capital, posted on social media, “If you believe that the market will rise sharply from now on and will overheat, then you must believe that the NFT market will make a comeback and become a way for people to show off digitally.
Memecoin has indeed sucked away some of the speculative energy from the NFT market, but those who still hold NFTs are not in a rush to sell. There is almost no supply on the market, so only a small wave of enthusiasm is needed to re-ignite momentum.
Azuki’s upcoming launch of AnimeCoin and possible similar moves by other top projects could serve as catalysts.
This is why I think BLUR is a good choice with a lot of room for future growth. With most of the unlocking already completed and the token yet to experience a big increase, the value of this coin currently looks attractive as a bet on the NFT industry as a whole. Since its launch, BLUR has almost swallowed up the market share of the entire NFT market. "
