Reasons Why The Crypto Dream Is Turning Into A Nightmare

Limited Market

NFTs began as a novelty that allowed rich people to flaunt their wealth and brands to exploit their fans. But they were always going to run out of gas because of their limited market. Not many people are willing to waste their money on them. That’s because most ordinary citizens think they’re worthless.

We’ve spoken already about how they have no tangible value. They are also susceptible to sharp declines in value. Meanwhile, there are roughly about five NFTs available for every willing buyer. The saturated market is reducing its appeal to potential investors because the novelty is wearing off (via MSNBC).