March 29, 2024

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 Swope believes a new generation of crypto assets quickly gaining attentionmajor 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 succeeded among the worksdigital art with an amazing app that includes a marketplace and the ability to create NFTs directly within the app. Mark Cuban, highlighting the app's top sellers over the past 30 days, also reached out to him. He takes third place».

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 forindex NFT funds on Ethereum, and their list is growing every day. One reason for the recent surge is, of course, the growing number of indexes. They will also soon introduce NFT asset swaps into the protocol, in other words, NFT exchange. This creates more 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 liquidity pools based on NFTs 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,this is just one part of a larger project. It brings together 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 deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, 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&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and 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 &#8212; futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

NFT tokens are the most promising assets on the crypto market

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