I see here that Polymarket is giving a 65% chance for NFTs to make a full comeback in 2026. It's the highest level they've ever recorded, signaling that people are starting to believe in the sector again. Trading volume has increased by 26% in the last 24 hours, reaching $4.5 million, and the market cap is holding steady at $3 billion despite the overall decline in Bitcoin and cryptocurrencies.

But honestly, there's still a long way to go. CryptoPunks dropped 80% from their 2021 peak and Bored Apes lost 95%, so even with recent gains, those who have been holding since the beginning are still at a loss. To return to the $15 billion market cap of 2022, it would need a 5x increase before the year ends, which seems quite unlikely.

The problem is that NFTs still lack real utility. OpenSea has become just another crypto aggregator, Nike sold its NFT platform after shutting it down for a year, and even X2Y2 gave up. There's strong headwinds blowing against this market.