As it is considered the time to buy non-fungible tokens (NFTs) due to floor prices being low, a Reddit user has asked the community regarding the kind of characteristics to take into account while buying NFTs, according to Cointelegraph.
Based on information by Cointelegraph, through a subreddit, the specific Redditor got various answers from the community which includes examination of utilities of tokens, exploring overhyped projects with low minting fees and monitoring data collected by oracles, in order to base their NFT strategy on what they are able to perceive.
As stated by Cointelegraph, while one Redditor shared that utility is what the person searches for when doing the purchase of NFTs, another Reddior shared that the person’s short-term strategy is to look for low minting fees based over-hyped projects and long-term strategy is to look for those projects which have collaborations with big brands. However, a NFT collector suggested that one should monitor real-time NFT...
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