Let’s take a look at what the experts are saying, as they promise a good year for all enthusiasts of non-fungible tokens (NFTs)!
According to analysts at JPMorgan, the NFT market is showing “preliminary” signs of recovery, as anticipation for the approval of a spot Bitcoin ETF has improved sentiments in the crypto market. Growth in this direction has been recorded after a two-year decline, creating “a certain optimism that the worst is behind us from a medium-term perspective.”
Experts are confident that NFTs continue to evolve due to the popularity of projects like Ordinals and other blockchains such as Avalanche, Fantom, and Polygon. Additionally, according to DappRadar, leading NFT marketplaces have demonstrated positive dynamics in the past couple of weeks.
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