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What are some strategies to acquire cheap Bored Ape NFTs in the crypto space?

avatarPRADEEPA M CCEDec 15, 2021 · 3 years ago8 answers

What are some effective strategies that can be used to acquire Bored Ape NFTs at a lower cost in the cryptocurrency market?

What are some strategies to acquire cheap Bored Ape NFTs in the crypto space?

8 answers

  • avatarDec 15, 2021 · 3 years ago
    One strategy to acquire cheap Bored Ape NFTs is to closely monitor the secondary marketplaces where these NFTs are traded. Keep an eye out for sellers who are willing to sell their Bored Ape NFTs at a lower price than the current market value. Additionally, consider setting up alerts or notifications for new listings or price drops on these marketplaces to increase your chances of finding a good deal. It's important to be patient and persistent in your search, as opportunities to acquire cheap Bored Ape NFTs may arise sporadically.
  • avatarDec 15, 2021 · 3 years ago
    Another strategy is to participate in community events or giveaways organized by Bored Ape NFT holders or projects related to Bored Ape NFTs. These events often provide opportunities to win or purchase Bored Ape NFTs at discounted prices or even for free. Stay active in the Bored Ape NFT community, follow social media accounts, and join relevant forums or Discord channels to stay informed about such events.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi, a popular decentralized exchange, offers a unique feature called 'NFT Farming' that allows users to earn Bored Ape NFTs by staking their tokens. By participating in the NFT Farming program, users have the chance to acquire Bored Ape NFTs at a lower cost compared to purchasing them directly from the market. This strategy combines the benefits of yield farming with NFT acquisition, making it an attractive option for those looking to acquire Bored Ape NFTs at a discounted price.
  • avatarDec 15, 2021 · 3 years ago
    To acquire cheap Bored Ape NFTs, it's important to do thorough research and due diligence. Look for Bored Ape NFTs that may be undervalued or overlooked by the market. This could include exploring Bored Ape derivatives or collections that have similar traits or characteristics but are priced lower. Additionally, consider purchasing fractionalized Bored Ape NFTs, which allow you to own a fraction of the NFT at a lower cost. Fractionalization platforms like Fractional or Unicly provide opportunities to acquire a share of high-value NFTs at a fraction of the original price.
  • avatarDec 15, 2021 · 3 years ago
    One unconventional strategy is to engage with Bored Ape NFT holders directly. Reach out to owners of Bored Ape NFTs and express your interest in acquiring one at a lower cost. Some holders may be open to negotiation or willing to sell their NFTs at a discounted price for various reasons. Building relationships within the Bored Ape NFT community and networking with collectors could potentially lead to opportunities to acquire cheap Bored Ape NFTs.
  • avatarDec 15, 2021 · 3 years ago
    When looking for cheap Bored Ape NFTs, consider exploring alternative marketplaces or platforms that may offer lower fees or different pricing dynamics compared to the more popular platforms. While platforms like OpenSea are widely known and used, smaller or niche marketplaces may have hidden gems or lower-priced Bored Ape NFTs. However, always exercise caution and verify the authenticity and legitimacy of the marketplace before making any purchases.
  • avatarDec 15, 2021 · 3 years ago
    Keep in mind that the value of Bored Ape NFTs can fluctuate greatly in the crypto space. It's important to stay updated on the latest trends, news, and market sentiment surrounding Bored Ape NFTs. This knowledge can help you identify potential opportunities to acquire cheap Bored Ape NFTs when the market sentiment is low or during periods of market correction.
  • avatarDec 15, 2021 · 3 years ago
    Remember, acquiring cheap Bored Ape NFTs requires a combination of patience, research, and networking within the Bored Ape NFT community. By implementing these strategies and staying informed, you increase your chances of finding affordable Bored Ape NFTs in the crypto space.