I think the crypto market is currently in a bubble. However, it is very difficult to predict when a bubble in crypto will appear.
It remains surprising and volatile. This is how the market becomes more interesting and we have to accept this no matter what.
Conceptually and in business, NFT has the potential to continue to grow in the future and is ready to disrupt traditional businesses, especially those related to digital goods.
Not to mention that NFT can break into the property business, intellectual property and other physical assets that can be presented digitally so that they can be accessed globally.
Ever since, from ICO, IEO, come to Defi, then followed by NFT, all of them are making some hypes but too unfortunate that after they reach their highest price, they automatically going down and later on, many of them just becoming dead. Then, another set of projects will come, and probably, it is still be the same story it has shown.