According to ChainCatcher, 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 quite 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. "
