Strategies for successfully Flipping NFTs
Floor Price Flipped Method for NFTs
The floor price flipping method must locate the lowest priced NFT and sell it for a higher price
Finding low-cost NFTs and selling them at a higher price is an art that requires patience and consistency to master
Flipping an NFT can be a short-term approach that focuses on locating flipping chances faster than others while also locking profits when available
Do not anticipate any celebrity or influencer to boost the project’s status or provide insider information
Instead, you should look for someone who sells lower-cost NFTs
2. Rare Trait Flipping for NFTs
Finding NFTs with rare traits that are inexpensive compared to other NFTs with rare traits is a key step in this NFT flipping strategy
Make sure to do an analysis of the traits to establish their relative importance
To discover the most desirable aspects of the NFT project, you can also use RaritySniper or RarityTools
This flipping method, however, needs more time, effort, and talent to determine which features are most valuable to collectors
It is essential to be aware of trait tools, as they allow other people to snipe traits/rarity revealed on OS
3. To be sold out NFT Flipping
This is the NFT flipping approach for finding projects that allow collectors to mint an NFT because they are new and have just begun
The project has not been sold, but you can get in early by looking for an NFT project with at least 33% or fewer items remaining to be minted
Find such projects and list them on OpenSea with a floor price that is higher than the cost of minting the NFT
REFERENCE
DISCLOSURE:
None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.
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