i have been watching closely the crypto market and I wanted to ask if the bull market that affects crypto also affects THE NFT markets. most NFT Markets that I know have a close groups or secret groups where they instruct their owners and creators to increase the price of their NFTs. i have never seen where such is been done and I don't think that is how the crypto space works.
What determines the price of NFTS?
Probably in terms of the price, for example today the price of a certain NFT is 0.005 is worth $200 and if the price of the Ethereum increases then probably the value of that NFT will increase too. That's the only way I see how it affect the NFT markets, it is in terms of the price and value of the cryptocurrency.