Hey Guys!
New video on the tube!
And today, I have a great one for you…
I’m going to tell everything you need to know about trading NFTs and walk you through some of the most profitable strategies to generate a profit in the non-fungible token market.
Now, because of young the sector actually is, NFTs still appear to be a majorly retail-driven and socially-biased market, and this is also due to the fact that there isn’t much institutional capital in the space at the moment.
And while NFTs have come to be considered as one of the most exciting and cutting-edge sectors in the cryptoverse, those looking to collect or trade NFTs must understand how competitive the market is, especially in this moment in time and at this stage in the market.
That being said, there are three main strategies for trading NFTs, and these entail either buying NFTs on the secondary market, buying NFTs at mint prices, or getting in on a whitelist for an up-and-coming NFT drop.
Each one of these trading strategies showcases its own pros, cons and success rates. And, in the video today, I’m going to be diving deep into these and outline the advantages and disadvantages of each one.
But, as always, Guys, please make sure you do your proper due diligence before you decide to wildly *ape* into the first NFT collection you see on the OpenSea NFT marketplace.
This is going to be a good one folks. So, let’s get trading!
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⛓️ 🔗 Useful Links 🔗 ⛓️
ChainAnalysis NFT Report: https://go.chainalysis.com/nft-market…
NFT Minting: https://decrypt.co/resources/beginner…
‘To Mint or Not To Mint’: https://decrypt.co/87563/most-profita…
How To Sell NFTs: https://www.fool.com/investing/stock-…
Top NFT Trading Strategies: https://beincrypto.com/learn/nft-trad…
Rarity.Tools: https://rarity.tools
Selling NFTs On OpenSea: https://support.opensea.io/hc/en-us/a…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
