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?
That’s not healthy to purely manipulate the price, if its true then that NFTs can’t survive longer as they manipulate it. NFTs price depends on its rarity and depends on their function, if its an NFT with purpose then it could be a good one so when the market pumps, it will also pump even if they didn’t manipulate it. NFTs price should be based on its demand and supply, this is more healthy and safe for me.