Renowned crypto analyst Andrew Kang believes the NFT market is poised for a resurgence. In his view, if the broader market continues to rise and reach overheated levels, NFTs will once again become a popular form of digital self-expression.
Impact of Memecoins and Growth Potential
Kang notes that memecoins have temporarily diverted speculative interest from NFTs. However, he emphasizes that current NFT holders are reluctant to sell, creating a supply shortage. In such conditions, even a small influx of new investors could trigger significant price increases.
The analyst highlights upcoming launches, such as Azuki's AnimeCoin, as potential catalysts for reviving the NFT market. He also predicts that other major projects may follow suit, further stimulating sector interest.
Betting on BLUR
In this context, Kang identifies the BLUR token as a promising asset. With most unlocks incomplete (32% still locked) and no significant price surges yet, BLUR presents an attractive investment opportunity in the NFT sector. Notably, since its launch, the token has dropped 95% from $5.0031 to $0.6245 and is currently trading at $0.3245.
