Why nfts will fail?

One of the major reasons for the NFTs to fail is that there is a possibility that in the future, there will be an oversupply of NFTs, and their demand will be less. This might lead to a decrease in their price. It is also possible that there will be an increase in their demand and a decrease in supply. In this case, the market of NFTs would skyrocket, and less designers would be available to meet this demand. Also there is a hype of buying NFTs at low prices and selling them high. When this bubble will pop, NFTs will surely be fail.