What happened to my NFTs??

I got my first NFT more than a year back from Crypto.com for free. After that I purchased another 2 NFTs from the Crypto.com ecosystem. One chimp from Cronos Chimp Club and another art piece from crypto.com/NFT.

I didn’t really do much research into these NFTs before my purchase. The reason I purchased these NFT are 1) They look nice to me and 2) I can afford them.

So these NFT aren't really for investment but just something that I wanted to keep for myself. Of course it would definitely be a welcomed bonus if they somehow turn into a multi bagger.

So fast forward 1 year plus later….. what happens to my NFT now in this current crypto Bear market??

I haven’t really checked on them since the start of this year but the first good news is that the development team is still around. Not many NFT development team survived the crash we experienced this year. So for Cronos Chimp Club to be still around, it's good enough news for me.

As for the price, it actually increases in terms of CRO although the price of CRO has dropped quite a lot since then. I got my Chimp at around 700 CRO and the floor price now is 876 CRO.

For the other NFT from Crypto.com/NFT, I purchased if for $40 USD and its floor price now is $48 USD.

Note that the floor price is the lowest price people are listing the chimps in the marketplace and it does not mean you will be able to sell them at these price. Also I have noticed that the transaction volume for these NFTs has dropped quite significantly in this Bear market which makes it more difficult to sell these NFTs.

Well so far my NFTs seems to be doing ok and is not losing as much value as some of the ALT coins I'm still holding. I guess I will still be holding on to them until the next bull run comes.

So what do you think? Is the NFT craze coming back in the next crypto bull run and will the existing NFTs recover and rebound eventually?

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