Post
Topic
Board Altcoin Discussion
Re: Reasons why NFT are built on BLOCKCHAIN
by
cryptoaddictchie
on 18/05/2023, 14:04:21 UTC
What I know is that NFT prices can change quickly and complexly and almost every day is born on the other hand The downside is low liquidity and trading volume although 2024 will be the year of NFT.
Low liquidity? I doubt we have an imeediate liquidity for nfts cause it is an auction base. It depends on demand of what you hold nft cause if theres no offer you might not sold yours and even the floor is high as long as no one bidding for your nft then its good as valueless. Its not the same with tokens which you could sell anytime since there is an open liquidity.