Why did NFT crash?

One might wonder, why did the NFT market encounter such a significant downturn? The hype surrounding non-fungible tokens had been immense, with prices skyrocketing and investors flocking to capitalize on the trend. However, the bubble seemed to burst quite abruptly, leaving many to scratch their heads. Was it due to overvaluation? Or perhaps a lack of sustainable use cases? Could it be that investors realized the risks involved in such a volatile market? The crash certainly raised many questions, and it's important to understand the underlying reasons to make informed decisions in the future. After all, the crypto world is ever-changing, and staying informed is crucial to navigating its complexities.