Yup, I have always had the same thought about NFT and you just described it the way I see it. It’s just like a trend that people are using to make money, most especially influencers are the ones that are cashing out with it. They will do something, every little thing they do, they will put it up for a cash grab and people will be paying for it.
Let’s hope that maybe as time goes it’s going to be a market that will benefit everyone, and not mostly those at the top. I think it can still be good if utilized properly, but for now it is still a new project, so let’s hope that it is going to be one that would last long.
Many NFTs in the list
Top 100 NFT Coins by Market Capitalization. CHZ can bounce and it is one of leaders in NFT. The basic when you are in market, take the leader because it will recover firstly. Crypto market, it is Bitcoin. ERC20 ecosystem, it is Ethereum. Altcoins they are top altcoins.
Projects that have some years in the market and adapted, upgraded their networks to join NFT trend will survive but I don't guarantee their price will not fall down. Most of new projects that only work with NFT will die soon.