April 21, 2021

NFT tokens are the most promising assets on the crypto market

NFT tokens are the most promising assets on the crypto market

Crypto analyst Tyler Swoop believes the next generation of cryptoassets are quickly gaining attention major investors are poised to show explosive growth.

In a new episode of Chico Crypto, Swoop told his197,000 YouTube subscribers that set aside non-fungible tokens (NFT) as a win-win. The same opinion is shared by the experienced investor Mark Cuban and the Short Game legend Dr. Michael Berry.

NFTs contain credentials in theirsmart contracts that make each asset unique, which means that one NFT cannot be replaced with another, since no two identical tokens exist.

Number one on Swoop's list in NFT space is Rarible (RARI).

“Rarible has excelled in digitalart with a stunning app that includes a marketplace and the ability to create NFTs directly in the app. Mark Cuban, highlighting the top sellers in the app in the last 30 days, also reached out to him. He is ranked third. "

Another coin on Swoop's radar is NFTX, which he says is an index fund backed by valuable NFTs.

“This is a community-owned protocol forNFT index funds on Ethereum, and the list is growing every day. One of the reasons for the recent spike is, of course, the growing number of indexes. They will also soon be implementing NFT asset swaps, in other words, NFT exchange, into the protocol. This creates a lot of liquidity in the NFT ecosystem. "

The crypto trader is also positive about NFT20 (MUSE), which he says is ahead of NFTX as it already allows users to trade, exchange and sell NFTs.

"They have many NFT based liquidity pools from big names like the popular Hashmasks."

Swoop highlighted the imbalance between the two financialNFT-based protocols, with the market capitalization of NFT20 hovering around $ 10 million compared to NFTX's $ 145 million valuation.

The next coin on the list is Lukso (LYXE), a multi-purpose blockchain project that aims to transform the fashion, games and design industry.

“Lukso is not just digital art, it isjust one part of a larger project. It combines identity, many NFT standards and cultural currencies to create a new digital economy, a kind of multiverse. "

Lukso is also ready for mass adoption, Swoop said, as the project's advisory board includes executives from well-known brands such as Nike, Chanel and Burberry.

Where can you buy and sell NFT tokens?

NFT tokens are the most promising assets on the crypto market

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OpenSea is the largest online marketplaceto host digital collectibles and other rare electronic assets. On OpenSea, you can buy and sell non-fungible tokens (NFTs), including the ERC721 and ERC1155 standards, as well as discover various digital goods.

The official website of the OpenSea platform https://opensea.io

OpenSea platform was founded in November 2017years, and today it is the largest marketplace for buying and selling digital collectibles and other rare assets. The platform offers over 300 types of assets and over 10,000,000 items.

Thanks to OpenSea, you can buy, bid, and discover digital collectibles and other assets such as domain names and member-specific NFTs.

For a detailed guide on working with the OpenSea platform, see here.

Where is it more profitable to exchange cryptocurrency to buy NFT?

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform features - availability of additional features - futures, options, staking, etc.
  • final grade - the average number of points for all indicators, determines the place in the rating.

NFT tokens are the most promising assets on the crypto market

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