If you have three or more years in the market definitely experienced the NFT frenzy and saw many collection get overvalued and one of them was Cryptopunks, this Ethereum collection of art that created a lot of buzz in the market.

This small jpg head art with not too much glamour or fancy designs on them took the world by storm back in 2022 and people were crazy to buy them up. It's a 10,000 unit collection with one worth millions at that time but, didn't started like that. The Cryptopunks collection didn't start with hype but slowly gained traction and in just a glimpse it was valued in millions of dollars each.

One of them was scooped for more than 20 million dollars in 2022 and that didn't surprised the world as people were willing to spend that kind of money. Most of the Cryptopunks holders were whales in Ethereum and other networks that were playing in the marvelous world of jpg art. Spending 20 million dollars in a Cryptopunk was nothing compared to the ROI it could produce.

But, like everything in crypto it's time passed and Memecoins arrived to create another buzz. One Cryptopunk have been resold, the same one acquired for more than 20 million dollars for pennies, I believe, despite not disclosing the amount paid for it. The NFT frenzy is gone and that NFT bought by millions today struggle to get people interested in paying more than $60,000 ! At least one Cryptopunk could still be exchanged for a BTC and that what I could do.

Bitcoin have more potential in long run than this NFT trend as no more than 18 million people could HODL 1BTC. Remember:

CONTENT IS KING!