An emerging technology market is going to be volatile. But it’s going to be especially volatile if its ‘window of volatility’ is 5 times larger.
In 2017 there was a headline at least once a month talking about the death of crypto.
NFTs aren’t actually dead, the number of holders (even with spoof addresses & multi wallets) is increasing, the volumes are still pretty big considering how young the industry is and the market cap is already at about $20 billion.