10 best NFT stocks to buy right now
Non-fungible tokens (NFTs) are all the rage right now, and for good reason. They offer a new way to interact with the digital world and allow for a much more customized experience.
If you’re thinking of investing in NFTs, then you’ll want to check out these ten best stocks to buy right now. Each one is sure to rise in value as the NFT market continues to grow!
What are NFT stocks and why should you invest in them?
NFT stocks represent ownership in a company that creates or uses non-fungible tokens (NFTs). NFT stocks offer investors a way to profit from the growing popularity of NFTs.
While there are no publicly traded companies that focus solely on NFTs, several companies have started to experiment with them. For example, Twitter has introduced an experimental feature that allows users to buy, sell, and trade tweets as NFTs.
Investing in NFT stocks is risky, but it could be a lucrative way to profit from the booming NFT market.
So, why should you invest in NFT stocks? Here are three reasons to consider:
1. The NFT market is growing rapidly
The NFT market has exploded in recent months, and it shows no signs of slowing down. According to DappRadar, the total value of all NFTs sold in the last 30 days was over $2 billion. This represents a massive increase from their value just a few months ago, which was less than $100 million.
This rapid growth is driven by increased interest in NFTs from buyers and sellers. More and more people are realizing the potential of NFTs, leading to more transactions and higher prices.
2. NFTs are becoming more mainstream
The NFT market is still relatively small, but it is slowly gaining mainstream attention. This is evident in the increasing media coverage of NFTs, as well as the entry of major companies into the space.
One of the most notable examples is that of Jack Dorsey, the CEO of Twitter and Square. Dorsey recently announced that he purchased an NFT called “I’m not a robot,” which sold for $2.9 million. This highlights the growing interest in NFTs from major figures in the tech industry.
3. NFT stocks offer exposure to a burgeoning market
Investing in NFT stocks is a way to gain exposure to the burgeoning NFT market. As the market continues to grow, the value of these stocks is likely to increase.
The 10 best NFT stocks to buy right now
While eBay is well-known for its online marketplace, it has also recently entered the NFT industry.
Merchants can now sell NFTs on the platform at a fixed price or through an auction. Music NFTs, crypto art, and trading cards are now available on eBay.
eBay may become the go-to platform for newbies looking to purchase NFTs, not least because it allows normal payment methods. This may be an advantage over several big NFT marketplaces, which only accept cryptocurrency payments.
Coinbase, one of the world’s major cryptocurrency exchanges, has made it clear that it wants to be at the forefront of the NFT business.
Coinbase is still working on its NFT project, which was revealed in late 2021. We do know that the platform is working to create an NFT marketplace where users can buy, sell, and trade non-fungible tokens.
In addition to its marketplace, Coinbase intends to enable customers to create NFTs directly on its platform.
Coinbase only went public in April 2021, so it is still a risky investment. However, this also means the stock has a lot of room to grow.
This streaming service is a good investment option due to its commitment to diversity and inclusiveness. Cloudflare accepts content creators who do not meet the standards of other streaming services.
Cloudflare’s ability to connect individuals to brands on the Cloudflare platform distinguishes it as a market leader in the software-as-a-service sector. The company’s stock price has climbed by more than 65 percent in the last year alone, proving the brand’s long-term potential.
4. Alphabet Inc. (GOOGL)
Alphabet is best known for the massively popular Google search engine. The company has also shown an interest in NFTs and has started to pilot a program that would allow customers to purchase and trade digital artworks using blockchain technology.
5. Facebook, Inc. (FB)
Unsurprisingly, Facebook has also shown an interest in NFTs. The company’s “Oculus” virtual reality subsidiary recently launched an “NFT Marketplace” where users can buy and sell digital art and experiences.
6. Comcast Corporation (CMCSA)
Comcast is a diversified conglomerate that owns many different businesses, including the NBCUniversal entertainment company. The company has started to pilot a program that would allow customers to purchase and trade digital artwork NFTs using blockchain technology.
7. Microsoft Corporation (MSFT)
Technology giant Microsoft has been at the forefront of many technological advancements over the years, so it is no surprise that the company is showing interest in NFTs as well.
Microsoft is now looking to enter the world of NFTs with its new “Xbox Live Creators Program,” which will allow users to purchase and trade virtual items using blockchain technology.
8. Enjin Coin (ENJ)
Enjin coin is a great option for buying NFT stocks. The company behind Enjin coin is one of the leading platforms for creating, managing, and monetizing digital assets. And with the recent surge in interest in non-fungible tokens (NFTs), Enjin coin is well-positioned to capitalize on this growing trend.
In addition, Enjin coin has a strong community backing and has been endorsed by some big names in the crypto space, including Vitalik Buterin (the co-founder of Ethereum) and Justin Sun (the founder of TRON).
9. Binance NFT (BNFT)
Binance has a strong focus on the development and adoption of NFTs, and its platform is one of the most user-friendly in the industry. Binance NFT offers a wide range of features and tools for users to create, buy, and sell NFTs.
Binance stock has the potential to be a very lucrative investment.
10. Decentraland (MANA)
Decentraland is a virtual world where users can buy, sell, or trade virtual land and property. The virtual world is built on the Ethereum blockchain, which allows for secure transactions and ownership of virtual assets.
MANA is the native token of Decentraland and is used to purchase land and property. MANA is also used to pay for virtual goods and services within the platform.
Decentraland has been one of the hottest NFT platforms in recent months and MANA has surged in value along with it. MANA is currently trading at all-time highs and is up over 1,000% since January.
With the explosive growth in the NFT market, Decentraland is positioned to continue its upward trend. MANA is the best NFT stock to buy right now.
Tips for buying and selling NFT stocks
1. Do your research
Make sure you understand what you’re buying or selling before you do anything. Read up on the asset and familiarize yourself with the market.
2. Have a plan
Before you buy or sell, know what your goals are and what you’re willing to risk. Make sure you have a budget in mind and stick to it.
3. Know the risks
NFTs are a new asset class, so there’s still a lot of uncertainty surrounding them. Make sure you understand the risks involved before you invest.
4. Be patient
NFTs can be volatile, so it’s important to be patient when buying or selling them. Wait for the right opportunity to buy or sell, and don’t get caught up in the hype.
5. Use a reputable exchange
When you’re ready to buy or sell, make sure you’re using a reputable exchange. There are a lot of scams out there, so it’s important to be careful.
Given the exploding popularity of NFTs, now is a great time to invest in NFT stocks. Like any new stocks, NFT stocks are a risky investment, but their growth potential is very high.
Chat with the expert NFT promoters and marketers at Mooning
Sure, all the examples of NFT promotions we listed are from global brands with endless coin to throw at their campaigns. But you really don’t need a crazy-high budget to see some seriously incredible outcomes – as long as you know the delicate intricacies of building a killer NFT marketing strategy!
If not, no worries – Mooning is here to take care of everything for you and make sure you see the most amazing ROI you’ve ever seen before. Our team has the knowledge and experience to promote your NFTs in order to deliver maximum awareness and interest, driving the sales prices up sky-high and beyond.