What are some strategies for buying cheap NFTs and maximizing potential returns?

1 answers

• Dec 15, 2021 · 3 years ago
  If you're looking for a more hands-off approach, you can also consider investing in NFT index funds or portfolios. These funds allow you to diversify your NFT investments and potentially maximize your returns. They are managed by professionals who carefully select a portfolio of NFTs, reducing the risk of investing in individual NFTs. Another strategy is to leverage social media and online communities. Join NFT-related groups, follow influential artists and collectors on social media platforms, and engage in discussions. By staying active in these communities, you can stay updated on the latest trends, discover undervalued NFTs, and potentially connect with like-minded individuals who can provide valuable insights. Lastly, keep an eye on the secondary market. Sometimes, NFTs that were initially sold at a higher price may become available at a lower price on the secondary market. This can be an opportunity to buy cheap NFTs that still have potential for future growth. Remember, investing in NFTs is speculative and there are no guarantees of returns. It's important to approach it with caution and only invest what you can afford to lose.
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