NFTs are still not recovering and reaching their former glory as it is too soon for this to happen, the recovery of bitcoin has been impressive but still its price is very far away from its previous all time high, but I am sure once the market is immersed in a bull market then NFTs, meme coins and all those projects which do well when traders are willing to speculate in almost every coin will do well, it is just that this is going to take a long period of time to materialize, but make no mistake it will eventually happen.
The trend of NFT is currently down and it looks like it takes several factors to bring back the hype,
slowly indeed the price of Bitcoin is rising again even though there is still a possibility to go back down,
but at least with that I think it's good news.
Not to wonder why because these projects are already rejected by most. Nobody will spend and risks their money on a project that we are not sure where it goes, we can't make money in digital arts, they are meant for collections only, not for investment. Well, I'm not sure if there is NFT hype again, their time is over, and it is somewhat impossible to happen again. Although all of these are just a sort of market assumptions and price prediction and it can be wrong or right, still I have no courage of having them.
The NFT trend now is over, but we don't know if this NFT trend can come out again in the following years and provide something new than before. Now the market has returned to its usual path where investors' focus is back on bitcoin and altcoins. With the crypto market conditions starting to improve, investors and traders have started investing their money in coins with more potential and have the opportunity to increase higher later than investing in NFTs.