Metrics To Guide Your NFT Buy And Sell Strategy | Binance Blog

'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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

binance /  🏆 561. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silk Road Founder Ross Ulbricht to Release Another NFT Collection: Check It OutBitcoin pioneer Ross Ulbricht shares details of his next NFT release with Bitcoin-tokenized certificates
Read more »

Twitch Co-Founder’s Gaming NFT Marketplace Raises $35MNEW: Twitch co-founder justinkan’s marketplace for gaming NFTs raised $35 million from big-name VCs. elitanjourno reports
Read more »

Solana Surpasses $1.5 Billion Worth of NFT TransactionsSolana has surpassed $1.5 billion in NFT sales, but it still has a long way to go before catching up with Ethereum
Read more »

Share of NFT Marketplace VolumeShare of NFT marketplace volume, including Opensea, LooksRare, Solanart and Magic Eden. LooksRare volume is unfiltered for wash trading.
Read more »

The Global Restaurant Brand With The Million Dollar NFT Membership ClubChotto Matte launches $1 million NFT membership club
Read more »