'How can I assess the value of an NFT?' Find out here 👇
When choosing to buy an NFT, you should have some basic metrics in mind to gauge its potential value.
Buying the floor is considered a good starter strategy since it's an approachable entry point for new people joining an NFT project.The floor price is a good metric for evaluating how well an NFT project is being received by the community. As demand increases, the floor price will increase. If you are willing to spend a lot of money into NFTs, look into buying ceiling NFTs. Those are usually the rarest and most popular digital assets that sell for the highest prices.
The supply of NFTs affect how the value of a collection is perceived. Collections with high supply tend to have a lower market value for each NFT. Collections with low supply often have higher floor prices due to the rarity and scarcity of each piece.The number of NFT sales helps investors identify past and present interest in an NFT collection.If an NFT collection shows many recent sales, it could be a sign that there is increasing interest.
For example, on BNB Chain, you can quickly look up individual NFTs and their smart contracts. You can also see which wallet addresses hold them and how many each wallet has. Additionally, when you click on the contract address on an NFT on BNB Chain, you will be linked to
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