Nowadays, blockchain is the most discussed topic in the world market. With the increasing popularity of blockchain technology, NFT also gained the attention of a large crowd.
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Increasing popularity also attracts investors around the world. But many investors don’t have the skills to find the asset’s actual value. In most cases, the actual value of the NFTs is guessed by checking the last selling price. But it is not enough to get the actual price of the asset. Sometimes, it is very hard to predict how much the next buyer will pay for the NFT. Its price can change over time, no one knows what will be the token value in the coming time.
Elements Which Can Provide The Estimated Value Of NFT
There are many factors that can give the estimated value of the NFT:
- Uniqueness
The token’s rank and price are based on the uniqueness of the asset. The assets which are unique will be the top ranker of the list as well as it is more valuable than the other tokens.
- Usefulness
To find the real value of the token, its usefulness plays a major role in making the asset more valuable.
- Visibility
Visibility is the main factor that decides the NFT value in present as well as in the coming time. It helps to find out the real value of the asset if someone holds the NFT for the long term and for a short time
- Responsiveness
The token that a person holding or willing to buy must be responsive to every platform. That is it must have the ability to use in different applications.
- Proprietorship History
Tokens value can much easier to get after checking the old ownership. According to the owner and seller, it also gives proof of the old valuation of the asset, which can be increased in the coming time.
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