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/1472286513195016204Because 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.
The investment in new projects are popular and in demand only in the case when market raise, but when market falls people lose their interest in cryptocurrency and stop investing.