Certain NFTs investments have exploded onto the scene in recent years and have outmatched some cryptocurrencies in the past few months. This has left investors and crypto enthusiasts looking to diversify and get involved in the booming market.
Artists are selling, buying and showing off NFTs all over the social media. However, despite the sudden surge in NFT, a lot are still contemplating on which NFT projects are good investment.
In this interview, Chris De Diego, a blockchain expert and crypto trader gives insights into promising NFT projects he’s watching.
What are the Criteria you use in Knowing a Profitable NFT Project?
The best NFT projects are those that are unique, peculiar, and attractive as they are capable of raising people’s excitement and interests in them. Another quality is whether the NFT project is a known one in the cyberspace and whether it is generative.
These are what I look out for as well as ensuring that the product is rare, and similar products are not in wide circulation.
Do you use any Platform to monitor up-and-coming NFTs?
Yes. There are quite a number of platforms that can be used to monitor the success rate of an NFT project. These tools help to provide insights that define your investment strategy.
Some of these platforms include OpenSea, which is a very popular platform, and you can find some of the most sought-after NFT collections there. It supports NFTs that are based on Ethereum, Polygon, and Klaytn blockchains.
Some other platforms include CryptoSlam, Nansen and NFTBank which provide instant insights on investments.
Can you tell us some NFTs with prospects to look forward to?
There are quite a number of them at the moment, but I will try to list a few.
- CryptoPunks is a collection of 10,000 software-generated punk-style characters and they stand tall among the list of promising NFTs.
- Bored Ape Yacht Club is another,
- Next are Axies, which are the creatures used to play the popular blockchain-based game Axie Infinity and it is a day rising NFT Project.
- Another on the list is the Meebits which was launched by the same company that made CryptoPunks.
- Mutant Ape Yacht Club and CryptoDads are also collections with great prospects.
How do you get updates on NFT projects?
Rarible is one of the largest Ethereum-based NFT marketplaces, where users can create, sell and buy NFT artworks. I use it to get updates and insights into the current demands of NFTs traders.
You can also use NFT analytics and different social media platforms to get and track updates on various NFT Projects.
What is the Chris de Diego’s success rate in terms of previous predictions?
I cannot say that I have one hundred percent success rate with my predictions. That is because there are lots of contributory factors to any form of investments. Nonetheless, I have been able to predict the rise of many cryptocurrencies and NFTs which eventually turned out positive.
If you follow most of the guides I’ve mentioned earlier, you’ll have a high chance of choosing the right NFT projects and ultimately make huge profits in the long run. Be sure to do your market research to get started in NFTs the right way.