Bitcoin and Ethereum are overvalued. Many altcoins have much more potential for growth.
But it is necessary to check everything before investing.
Also, NFT does not depend too much on the conditions of the cryptocurrency market and continues to develop.
A lot of interesting NFT collections appear like this
https://twitter.com/1stOnTheMoon/status/1472286513195016204The new project is in demand because they allow earning much profit, but it is very important to evaluate the future potential of the project.
Before investing it is necessary to check everything not to invest money in scams. Now there are a lot of scams appear and it is necessary to be very carefully.
Because bitcoin is overvalued many people prefer to invest in new projects to have maximum profit from investment.
But investment in new projects are very risky.
It is very important to evaluate the future potential of the project in a right way not to lose money on investment.