Are NFTs a good investment?

The idea of any investment is to ultimately achieve a return. The same applies to the NFT market, the dynamics of NFTs are different.

A survey of over 1,300 people by DEXterlab on Twitter has shown that most people who dive into NFT investing want to trade assets to make money.

But to make a profit depends a lot on predicting the right time to make purchases and liquidations.

The survey results show that more than 64% of the participants invested in NFT for the sole purpose of making money. But that only the remaining 42% achieved a highly profitable result from their investment in non-fungible tokens below 42%.

Sense of ownership

Another result obtained was that 15% of the respondents only wanted to belong to the NFT community.

Examples of this are the largest NFT community Bored Ape Yacht Club which has several celebrities as members.

Regarding the prices of NFTs, different people have different preferences. But the survey participants mentioned that they would opt for a modest price range of $50 to $500 per NFT.

Conclusion:

Currently, the bear market has driven down the prices of NFTs. Although some collections did not suffer so much from the price decline, others have lost quite a bit. So it is important to consider that although you can still make money with NFTs, the profit will no longer be the same as in the bull market. So we recommend that you look for an investment that gives you more than just the price.