@thunder41knight
The NFT market, led by BAYC and CryptoPunks, shows recovery signs with 2024 trading volumes up 30%. Bitcoin’s halving and Runes protocol boosted Bitcoin-based NFTs. Investment potential lies in blue-chip collections with strong communities, but high entry costs ($50,000+) pose risks. Market prospects hinge on utility expansion (e.g., metaverse integration). Risks include illiquidity and hype-driven bubbles. Strategy: invest in established projects, hold long-term for utility-driven growth, and avoid speculative new launches. Diversify with fractionalized NFTs for lower risk.
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