How can I identify valuable NFTs in a crypto bear market?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we believe that in a crypto bear market, it's crucial to focus on NFTs that have real-world utility or offer unique experiences. Look for NFTs that can be used in virtual worlds, gaming, or other applications beyond just being a digital collectible. These types of NFTs have the potential to generate ongoing demand and value, even when the overall market is down. Additionally, consider the team behind the NFT project. Look for experienced developers and industry experts who have a track record of success. Finally, consider the overall market sentiment and investor sentiment towards NFTs. If there is a general positive sentiment towards NFTs despite the bear market, it could be a sign that certain NFTs have strong potential.
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