Recently I recieved many airdropped from new projects of NFT tokens, Some are in good prices
like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project,
and no one knows what will be the future of them.
Is it better to trade NFT tokens rather than holding it for longterm?
NFT does have a "token" word from it's "T" acronym so don't repeat it like BAY and XPUNK, but many other NFT tokens are falling and rugged. But I know mostly of NFTs are based on hyped project,
and no one knows what will be the future of them.
Is it better to trade NFT tokens rather than holding it for longterm?
If you do so, it will be Non-Fungible Token Token lol.
Kidding aside, gain/loss from a NFT project will depend on the project itself. If it's Play to Earn, or invest, play, and earn game type of NFT expect it to have some hype in some period of time and then lose it's value overtime. Unless these projects will be able to find solution to retain the good economy of their token(s) for themselves, their players, and investors.