I am wondering why are NFT tokens so hot right now?
Because it is new and with a lot of money flowing into it.
The gains in the last week are pretty significant.
I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.
So is this insane rally based on Hype and FOMO?
Do you predict the price rally will cool off and retrace soon?
Yup, hype and fomo. If it's about the price rally, just as the usual thing we experience. It will somehow cool off and correct and so on.