NFTs pumping has historically been a late-stage cycle indicator.



i) May '21 -> August '21 (NFT boom 1)
ii) November '21 -> February '22 (NFT boom 2)

Or is the market structurally different now?

The Rolex indicator hasn't even peaked; people need to make gen wealth first.
STAGE-4.17%
MAY-0.4%
GT-2.98%
BOOM-0.59%
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