NFT word is too general. It is like you are saying that cryptos or altcoins are a hoax too. I mean there are still projects under it that are legit and still running up until now. Maybe their value is not only the same as before that is still high but even a regular crypto project can experience like that.

If their devs can't do much, maybe a bull run or an alt season can help them to pump again, even temporarily only or for a short period of time. Apart from that, some trends can also come back, so what if NFT trend will also return in the future? That should help their price as well. Real money might also mean two things for some of us. It is the quality of the product or if it has a good utility. Having so will also make its price rise because it can get a continuous demand from the public.

There are people who doesn't really care about it though, so they can go for a shit coin as long as they can benefit on their pump. We whine a lot on NFT and some other cryptos but if we think about it well, things like this happens too on the real world. In the art category for example; have you heard of that simple banana artwork that cost millions or even billions? Some can think that it is another way to launder money, same impression they have in the crypto world.