I am wondering why are NFT tokens so hot right now?
It's caused by in NFT you can use your NFT to own something special just like rare card, rare art or something else.
So is this insane rally based on Hype and FOMO?
Yes it is based on the FOMO. I do believe FOMO will be ended soon but the opposite thing might happen anytime.
Do you predict the price rally will cool off and retrace soon?
Im quite skeptical with it but it looks like NFT becomes even stronger from day to the day. I don't think the price will retrace soon. I will keep watch the market dude.