Not yet over but more likely just staying around quietly because there are still NFTs been bought and sold in the market that's why it's not yet over. The market sentiments we have dictates the trend and hype of every projects, NFTs are not exempted of that. Nonetheless, NFTs will surely began to make a hype once we are entering the bull market seasons next year or two.
But I'm not sure, there's only a slight chance for the NFT hype to return to its original state. Many of the NFT owners sell their NFTs at a low price. The NFT hype is over and replaced with the memecoin and other altcoin hype. The bullrun season still seems to be focused on Bitcoin and some potential altcoins. For NFTs, maybe only a few are starting to rise, but that doesn't guarantee to reach the top price again.
