An NFT is not just an image that anyone can copy and paste and say, “look I own this NFT.” 

NFT is a non-fungible token stored on the blockchain. There could be many types like photos, videos, and audio. Nonfundgible is a fancy way of saying that it cannot be replaced with something else. 

Think of it as a one-of-a-kind trading card. So what’s the best NFT Trading Strategy? Read more below! 

Could someone take a picture of a rare playing card like the one above, print it out, and make it look like the original?

Yes, of course, but will that make the newly printed almost identical playing card just as valuable? No, of course not, that is why you cannot just copy a jpeg of an NFT and save it and think you now own it.

It doesn’t work like that…

So enough with your silly memes. 🙂

What is the most popular NFT?

This is going to change every day. New NFTs are popping up every day, even every minute, as new people find new ways to buy and sell these. As of writing this article, the most popular NFTs at this point are

1. Bored ape yacht club. This is a collection of 10,000 bored ape NFTs where it gives you access to members-only benefits.
2. Cryptopunks. These are 10,000 unique characters
3. Cool cats. These cats that you can purchase are randomly generated on the ETH blockchain

Can you make money from NFT?

Yes, you can make money from an NFT by selling it more than you bought it.

How is NFT created?

There are many steps to follow to create an NFT. You need to pick an item, choose the blockchain you wish you use, set up a digital wallet, select an NFT marketplace, upload your asset.

Is NFT a good investment?

Anything can be a good investment if your timing is right. So many have made millions buying and selling NFTs. You have to find the right ones, which we will try to show you in this article today. 

How do I trade an NFT?

There are many ways to do this. One of the more popular ways is to purchase Ethereum. Most of the NFTs are ETH-based tokens. Next, you need to get a meta mask account and connect it to OpenSea or any other marketplace. That is when you can buy and sell. Don’t worry if this all sounds like a different language to you. We will explain how to get set up on all this below.

Why are NFTs worth so much?

It is because they are unique. Think of a famous painting like the Mono Lisa. It is estimated that it could be worth more than $850 million. As inflation continues to rise, that will only go up over time too.

How much does it cost to sell NFT?

One thing that costs a lot at this point is gas fees. Nearly all the popular NFTs rely on the ETH blockchain to validate the transactions. So when you ask this, there is no simple answer since gas fees are volatile.

Okay, now that we got some of the fundamental questions out of the way, l want to outline a basic NFT trading strategy for you. First, remember to do your research and only ever invest in money you can afford to lose. 

Our NFT Trading Strategy Rules

Please follow the steps below to find the best NFTs!

NFT trading strategy Step #1: Get your crypto wallet set up

I would tell you all of the steps to get this setup, but this article has a great step-by-step guide on getting set up with coinbase or meta mask.

So instead of me showing you all of the steps here, why don’t you pause for a second and get yourself set up by following the steps here if you still need to do this. I imagine at least one of you reading this article has not set this up yet, so before you do anything else, you need to get your crypto wallet created.

Step #2 Go to opensea.io 

This is simple enough. You go to the marketplace where the NFTs are located to buy and sell.

Step #3 Find your NFT

This is where the magic starts. Once you are on opensea.io familiarize yourself with the site as there is a lot to it.

Finding your NFT will not be easy as you will do extensive research. However, I will share one example of one we like and why.

To find the right one, you need to focus on four criteria.

1. Fan base – Does it have a raving fan base?
2. Loyalty – Are the people following it loyal?
3. Interest – Is there a rapid growth of interest?
4. Verified – Does it have a verification checkmark on opensea?

These are critical for finding the right NFT to invest in.

How to find an NFT that has all four criteria above.

Some of the sources we recommend is YouTube, Discord, Twitter, even Reddit. So what you do is go and find an NFT on the marketplace and then search that NFT in YouTube, Google, and even try to find a discord (if they have one.) It will be easy to spot of the project is a smashing success by the number of videos articles about that NFT.

There are a ton of scammers out there so be aware not to fall into any scams. If someone promises you something like they will give you ETH just send them 1 ETH, don’t trust them its a scam.

You can also visit the top rated NFTs on opensea here.

Our #1 recommended NFT for 2022

Our #1 NFT pick that met all of our criteria is called the Shiboshis 

Most of you have probably heard of cryptocurrency Shiba Inu. These are the official SHIBOSHIS of Shiba Inu community. 

Shiba inu has a crazy fan base. In fact, we even have a great Shiba investment strategy you can learn here if you are interested in a trading strategy for Shiba.

Their fans are massively loyal to this, and it had a vast amount of interest. They are also verified on the opensea marketplace, which is a great sign.

This NFT has so much potential to go up overtime as the community gets larger and larger. This is a recommended buy-and-hold strategy as something like this won’t increase 1000% in just one day at this point. However, you will see massive growth potential with continued support and growth potential of this project.

Before the conclusion of this article, lets throw in some fun facts about NFTs

What is the most expensive NFT ever sold?

The most expensive NFT ever sold was the Pak’s ‘The Merge’ on December 2, 2021,  it was sold for $91.8 million! There was not just one person who purchased this it was a group of around 30,000 people! Wow!

This article has a great list of the 5 most expensive NFTs ever sold.

How much does an NFT sell for?

Normally, NFTs sell for less than $200.  This is the average selling price. So if you find the right one early that $200 investment could be worth thousands overtime!

What countries have the most interest in NFTs?

Based on google search interest, China and Singapore are the people most interested in NFTs. An interesting note about United States is that it does not even reach the top ten as far as interest goes. That may change overtime, however as NFTs continue to grow in interest.

How many NFTs sales are made everyday?

Based on the data from NonFungible.com there is roughly 15,000 to 50,000 sales per week. In 2017 there was only 100 sales per week average, so you can see the amount of growth!

How fast is the NFT market growing?

It increased 10x between 2018 and 2020. It continues to grow each day with no signs of slowing down!

Conclusion

It is no secret that a good NFT trading strategy could make you a ton of money. The secret of finding a good NFT investing strategy is to find a loyal following. If they are verified, it is a good sign that it is not a scam and you are good to invest if you find that the NFT has a massive fanbase. To become an NFT strategist you need to do a lot of searching on the web. Don’t be afraid to research, this is highly important when investing in NFTs.