I long suspected the NFT is a Consumer market (subjective), where as most Crypto is a financial market (investors). People try to get rich with both but only NFTs get purchased strictly due to their appeal to the buyer in question.

As NFTs tend to be subjective, with Bias of the consumer being a major factor the NFT market isn't rational like the crypto market.

To me the closest comparison is collectables or entertainment with a fandom not share holders driving value