I just checked Polymarket and see that bettors are giving a 65% probability that NFTs will have a strong comeback in 2026. It's the highest level they've recorded, so clearly some people believe in this. The contract already has over $1.12 million at stake.

What's interesting is that the sector is really showing some signs of life. The market capitalization has been above $3 billion since the beginning of the year, mainly driven by projects like CryptoPunks and Bored Apes. Trading volume also increased by 26% in the last 24 hours, reaching $4.5 million.

But here's where it gets complicated. Despite these numbers, many NFTs are still well below their all-time highs. CryptoPunks has fallen 80% since 2021, and Bored Apes lost 95%. So even with recent gains, most long-term holders are still at a loss.

What catches my attention most is that some major players are shifting their focus. Nike recently shut down its RTFKT platform, X2Y2 closed its NFT services citing a 90% collapse, and even NFT Paris was canceled. So the real question is: will NFTs return or are we just seeing a temporary rebound? Because for the sector to return to its $15 billion peak, it would need to multiply fivefold before the end of the year. That's quite ambitious.