ABCs of NFTs (2 of 2)
In the first series, we talked about why both retail and institutional investors are rushing over to NFTs.
The next logical question is then, how do we find good NFTs to flip? Since we are no financial advisor, we cannot handpick specific NFTs or collections for our audience. Instead, here are some important indicators that can give a glimpse into the future outlook of an NFT.
This is a clear indicator of the demand of an NFT. If the trading volume/liquidity of an NFT has been consistently high for a length of time, it means the there are a lot of people wanting to buy the NFT. The likelihood of this particular NFT seeing a increase in price, as long as the NFT space maintains its current state, is higher than the ones with a low trading volume. So be sure to check how often and how much money is being poured into the NFT of your interest.