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What is the impact of NFT scoring on the value of digital currencies?

Subhash RoyMay 02, 2022 · 3 years ago1 answers

How does the scoring of NFTs affect the overall value of digital currencies in the market?

1 answers

  • May 02, 2022 · 3 years ago
    As a representative from BYDFi, I can say that NFT scoring has become an important factor in the valuation of digital currencies. It helps investors and traders assess the potential value and growth prospects of a particular digital currency. A high score indicates that the associated NFT is in high demand, which can positively impact the value of the digital currency. However, it's important to note that NFT scoring is just one aspect to consider, and other factors such as market trends and overall adoption also play a significant role in determining the value of digital currencies.