Use market trends
Keep an eye on the various levels of market trends, which all have varying effects on the value of your NFT.
- The market for all NFTs. The more people interested in NFTs, the more money will flow into projects.
- The market for an NFT project. Watching this trend is vital as individual projects quickly gain or lose popularity. Watch its trading volume and ranking relative to other NFT projects over time.
- The market for a specific NFT. Individual NFTs can fluctuate in price because the NFT is related to some person or organisation becoming more or less popular.
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