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.
indirectly, yes it affects in another sense. not only during a bull market, during a bear trend will also have an effect. because the purpose of people buying NFT is also as part of the investment.
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.
can you prove this? because I doubt if there is such a group.
What determines the price of NFTS?
speculation, uniqueness, rarity, and who made it.