NFT market is booming recently, many people are investing more and more in NFT art work.
But I think the potential of these art work might be overvalued.
Take an example, I've just participated in an NFT art work value prediction on X Predict market.
Most people estimated the final bid value will be more than 150 busdt, but actually it reminds at 77 budst.
I think it's a sign that most nft art work is overvalued.
It's so easy to make nft art work now, the value of the work itself depends on it's art value after all, nft didn't really add anything on art itself.
I'm not sure if this will just stay for long that is why I'd never had the interest to invest NFT tokens for now. What I did is to still observe the market trend. We know how devastating ends when the hypes are over, can't imagine what happens to the previous projects where they all gone after the hypes and that might be possible for the NFT's projects. I certainly don't rush, I simply put my money in a reserve position and wait when the surge is over coz that is the only way to find out if there is a potential or another useless project.