I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.
I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.
What's your opinion about that?
I'm afraid you're right. The 2017/18 situation with the ICO is very similar to the hype we have now on the NFT. I don't know how long it will go on, but I think it could end very much like what happened with many ICO projects. The difference is that many projects failed because of a very long bear market in 2018.19. Now the NFT hype may last longer due to the better condition of the entire cryptocurrency market.