Navigating the world of NFTs can be a difficult endeavor, especially if you’re new to the crypto industry.
Several thousand new projects are launched every single day and keeping up with the market can be overwhelming.
Valuable NFT or Rug pull?
If you're looking at investing in NFTs, there are many opinions as to how to go about choosing a potentially valuable NFT. In this BanklessTimes Video interview, Ani Alexander, CMO of NFTfi shares her thoughts: https://youtu.be/9hT4wYwENtw
It is also useful to be clear with yourself on whether you are an investor or collector because that will inform what you do, says Ronda Hamilton, a US-based professional NFT collector.
"Investors buy what they think others will like, mint, and then flip pre-reveal. Collectors buy what they like with the intention of holding and hopefully profiting in the future though that isn’t always the motivation."
Hamilton says there are resources like rarity.tools, and moby.gg, that she uses to find new collections, evaluate them and find possibly value that others missed. "To find new collections pre-launch you’ll want to follow well-known collectors and investors on Twitter and join collections discord servers."
"I have heard the popularity of NFT investing being called, The new Gold Rush— everyone is searching for the next best thing [like Bored Ape YachtClub, etc] and another thing quite similar is— those who get in early [the pioneers] will most likely win."Ronda Hamilton, Professional NFT Collector
There are now various analytics platforms that can help users find popular NFT collections by tracking the activity of successful NFT traders, also known as “whales”.
If you’re looking to find out what “wealthy” NFT traders are buying then you’ve come to the right page.
Top NFT collections by whale activity over the last 30 days: