When you're getting started with NFTs, some of the first questions that come to mind are:
"What Gives NFTs Value?"
"How Do I choose which NFTs to buy?"
"When should I consider Selling?"
Here are (4) Major Metrics that are useful for Buying and Selling NFTs:
Metric #1: The Floor Price ~ which is probably the MOST looked at NFT Metric. Metric #2: Collection Size ~ an important metric that most people look at, but don't know what to do with it. Metric #3: Market Cap ~ a fundamental way to compare ownership of different collections. Metric #4: Price Velocity ~ a unique metric that most people wish they knew about...that let's you know which collections have the potential to make faster gains! The above 4 NFT Metrics give you primary fundamental metrics to look at when evaluating which NFT Collections that you want to own.
These metrics also allow you to make choices based on your personal preferences and goals, instead of listening to other people's opinions...these are tools to make your own decisions!
Which metrics are your primary metrics for trading NFTs?