Most
nft floor price are down in a big way. Although price are stabilizing, i think traders are just watching whether Bitcoin will break below $19,000 and ETH below $1,000 before another rout
Most NFT are down in a big way because there is actually no demand for them. It was very popular due to hypes and who knows if those NFT sold at million price is a legit sale? Wash trading is rampant in cryptocurrency especially when they are hyping the market. So it won't surprise me if they are just buying their own NFT just to create hype or noise in the market.
NFT projects are currently getting slack, because this is indeed the effect of a bear market,
not many new projects have achieved good results, one of which is the NFT project, but if the bulls return,
I'm sure NFT will also get excited again, I hope. only time will tell.
I don't think NFT will be hyped again when the bull market comes. Before many do not know about it and were affected greatly by hype so they jump in without thinking. Now that they saw that NFT isn't something special I doubt people will get hype again.