There are way too many NFTs, many chains, and NFTs on every chain. This situation has moved us further and further away from the prices of the 2021 bull market with each passing day.
In the same way, too many altcoins and meme coins are experiencing the same situation.
A few years ago, if they had said Bitcoin at 80k, I would have imagined a bull market. But right now, on the contrary, I see a bear market. 🧐