Popularity of NFT collections
Hi everyone! I'm curious what exactly makes some NFT collections so expensive and popular? For example, there are projects where monkeys with different hats and glasses have become almost a status symbol, and their price reaches millions. Has anyone figured out how such tokens gain value - is it pure hype, community, or something else?
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Hi! Interesting question. NFT collections like bored apes nfts become valuable due to a strong community, the limited number of tokens, and the uniqueness of each one. These NFTs are not just digital images, but a symbol of status and exclusive club. In addition, hype and celebrity participation significantly increase their price. All this together makes tokens so popular and expensive.