How to Buy The Best NFT Art

In this lecture, I will be talking about buying NFTs. And as you already saw, it’s a huge market and if you’re new to this and you jump from platform to platform, you might get frustrated and have a hard time selecting your first NFTs.

The first time I talked about which are the best NFT tokens to buy was back in July 2021 when I did two price predictions. One was for MANA, the other one was for SAND. At that time these NFT tokens were trading about above $2.15 and I said that MANA will reach above $4.20. I usually avoid making price predictions because nobody knows what exactly will happen but based on my experience and price action trading technical analysis I saw clearly that this will happen sooner or later and it happened later in October 2021.

However, I decided to create this lecture and give you some tips on how to buy the NFT tokens when they are already expensive and are they really expensive. What if they reached $10, 15, 20, will we still consider $2, 3 to be expensive? I will cover it all in this lecture. I will tell you how I’m looking at those NFT tokens and as well I will share with you why I keep buying NFT tokens and which are the best NFT tokens to buy in 2022 if you believe in the NFT industry.

And why not, it’s exploding. We see the top-ranking keywords on Google, YouTube, everyone is looking for NFTs and this huge demand makes the prices increase which is the thing I take advantage of as a trader, and in this lecture, I will share my experience so you will know when exactly is a good time to buy any of the NFT tokens. So now I’ll be giving you some tips on how you should be selecting your NFTs and why it’s important to look at popular artists.

Which are the most valuable NFT tokens

Before I start I have to say that I’m not sponsored in this lecture by any of those NFT tokens, not the games, not the websites, nobody. I decided to write it so you will know when it is time to buy NFT tokens and which are the best NFT tokens to buy at any current moment. If you’re ready I am let’s do it.

Now if you want to keep an eye on the most traded NFT tokens and you want to buy those that have the most volume that people are flipping around and there is a huge market cap you can visit the website called coingecko.com. I’m not related to that website, I’m not promoting it.

Just click on NFT related coins and you will see the top NFT tokens by market cap and whenever you’re reading this lecture if you look at this page you will see which are the top coins with the biggest market gap.

Let’s face it, market cap matters just like with Bitcoin and Ethereum. They have the biggest market cap which means that this is where the biggest investments are and if the big guys are investing into this coin there is a huge potential. It’s not a guarantee that it will last for ages but for the moment if the big guys are investing into it you should be considering those coins instead of those small coins which are riskier.

At the same time, the riskier coins usually bring more profits so I personally diversify the risk by investing in NFT coins with huge market cap and with coins that are down in the list such as the Alien Worlds. At the same time, I have Axie Infinity, Sandbox, and Decentraland which are in the top 10 by the time I’m writing this lecture.

Actually, I have bought them much earlier this year when they were trading at about 50 cents, and if you wonder at any moment which NFT tokens to buy you can check out my Patreon where I share all the signals when I purchase NFT tokens or other coins like Bitcoin, Ethereum, or Solana and all the rest. As well you will get access to my cryptocurrency portfolio spreadsheet which is very useful if you want to track your NFT tokens. If you look at the bottom of my spreadsheet you will see that there are the NFT tokens I have bought and you will see what profits those brought to me.

However, I don’t put more than 10% of my crypto portfolio into NFT tokens, one more time because they are considered to be riskier investments even the recent months they have proven that they will last for longer and if you look at the market cap one more time you will see that the top eight coins are in the top 100 by market cap among all the coins.

This proves that the NFT tokens are already huge and I definitely will be looking to buy more NFT tokens in the near future. So let me tell you when it is a good time to buy NFT tokens.

Best NFT tokens to buy actually

Now when you select which NFT tokens to buy, it is time to decide is it a good time to buy one now or not and there are usually two cases when the people feel certain about purchasing or buying those NFT tokens. This is when they are on our new record highs and it seems like they are so expensive and you are afraid that you are not getting the best price possible and at the same time if you are looking into those after a Bull run.

For example, when the Bitcoin drops we all know that the other coins drop as well just like it happened this year. Bitcoin lost over 50% of its value after Elon Musk was smart on Twitter and all the rest followed along. Some coins actually lost 70, 80, 90% of their value and this is where the people just panic and they think the market crashed, they lost all of their money but actually, this is the best time to buy and to invest especially into the NFT tokens.

So personally I always wait for such huge retracements if I want to buy crypto and when you select your NFT tokens to buy for investment purposes or if you just want to flip them you would better wait for a huge retracement. Don’t take this as financial advice but I will share with you how I’m doing it.

I am purchasing NFT tokens whenever they lose over 60% of their value. For example, Alien Worlds in September lost over 64%of its value and today it actually lost nearly 40%. So I usually take advantage of those drops and when the people actually panic they will lose their funds and they help the price to go even lower.

This is where the smart money comes in. This is where the huge investors are buying again and again and this is when you should be buying. So my rule for the NFT tokens to buy is when they lose over.

We are already on a profit even if we reach just the previous stop, the previous record high. We are on a profit and of course if you catch some of the NFT tokens that are breaking new record highs and you want to jump on the train, make it carefully. You might get on a nice profit especially if you were trading MANA during the last months or Sandbox. You would definitely make a profit, I just did a bigger profit because I waited for the retracement before that so when the price was breaking the new record highs, I was already on a profit and this brought me actually hundreds of percent in growth.

How to Choose an NFT Art

So I’m on the Rarible right now and you can see the top sellers on the front page. And this is the reason, these are the sellers that have sold the most NFTs for 1 day in value.

For example, Alex Henry has sold NFTs for 12.5 Ethereums in 1 day. Now, if I switch to 7 days, you will see that Alex Henry has sold NFTs for 16.83.

So for 1 day, he sold for 12, which means that the last 24 hours were great for him. And in the past 1 week, he has sold NFT for 4.3. And if I switch to 30 days, let’s see if Alex Henry is in here. No, he’s not.

Why buy NFT from the top sellers

So this is the first step I want to give you. If you are choosing your artist by this filter, you want to buy NFT from one of the top sellers, make sure to switch through the different time periods. Because it might happen that some of the guys had a great day and sold an NFT for a lot of money.

But it could be just luck or it could be speculation as well. So it could be an artist that listed an NFT on the high price, bought it from a different wallet just to get on the first page. So make sure to switch through the different time periods.

For example, if I look at Mani Grupa, you will see that if I switch to 7 days, it is still here with 21.4 and if I switch to 30 days, you will see it’s still in here with 92.4.

So this gives me an idea that this artist is selling NFTs constantly in the last 30 days, in the last 7 days and in the last 24 hours. If I scroll below, you will see some of his art.

Look for unique NFT tokens to buy

The next thing I want you to pay attention to is the number of pieces. So, for example, this Gold Mani Token starts from 2.7 Ethereum, and this is 12 out of 25. As well, the Exclusive Mani Token is 21 of 25.

Now, some artists prefer to create many additions for their NFTs while others create unique NFTs.

If I click on Bunny, which is another NFT artist, you will see that this artist creates a bigger number of NFTs in one edition. For example, this is 91 of 100. And then we have 89 of 100 or 417 out of 420.

If I click on “Bunny POP SMOKING THE DIP” for example, you will see that it costs 0.1 RARI or this is about $117 for 5 editions. And RARI is the token for the Rarible platform.

Going back to the first page, I will click on Alex Henry and you will see that his NFTs are 1 out of 1, which means that he is creating unique NFTs. And personally, I think unique NFTs have more value.

So my second tip before you buy an NFT is to look at how many additions the NFT has or if you’re looking for unique NFTs, because this is what NFTs are, they are non-fungible tokens.

You should be looking for artists like Alex Henry. I am not promoting him, I don’t know the guy. But I know that he is creating unique NFTs that are 1 out of 1 and if you buy one, it will be super unique. No one else will have it.

Now, it’s another question if you will be able to sell this NFT. But this is what I will be talking about in another lecture about creating and selling NFT art.

Look for artists that you actually know

And my third tip when selecting the artist is to be someone that you actually know. Let’s look at the top-selling NFT creators in 2021, or we can say that this is for the first quarter of 2021.

Obviously, number 1 is Beeple. You can see that he had sold 845 artworks for over $100 million. Obviously, $70 million came from ‘The First 5000 Days‘ NFT. But you can see that he keeps on selling. So he’s not someone that created a one-time NFT and is now taking a break on Hawaii.

Actually, he could be. But my point of view is that he is the artist who sold this NFT art for a record price and he keeps on creating new NFTs and selling them. And obviously, his name is already quite popular.

Then we have Trevor Jones, who has sold NFTs for over $18 million. But you can have a look at the number, 5,284 artworks. Much bigger number compared to what Beeple did with 845 and he got less in revenue. Still obviously awesome revenue.

Then we have the 18-year-old crypto art surrealist Fewocious. And he made over $370,000 from an NFT drop on their birthday this year. Or in total over $18 million as well.

Then we have the Pak with over $16 million with over 1,681 pieces of art. And the list goes on.

But what I want you to take out from this lecture is that there are already popular artists. And you might know these guys from social media, you might know them from blog articles like that one, or you might know them from the different NFT platforms.

But it’s a fact that when popular artists list new NFTs, they have much more value compared to the NFTs that come from newbie sellers. And some might say it’s not fair for the new guys, but it is what it is.

When you are a new YouTuber you really have to work hard until you get subscribers, so you will have more views on your videos.

It’s the very same thing here. You need to become popular. If you want to become popular, you need to work hard. You need to create something unique. You need to stand in front of the crowd.

And if we are looking from the bank perspective, as someone who wants to buy an NFT, definitely looking into the popular sellers or the popular creators is the thing you need to consider.

How to find valuable NFT tokens to buy

Now, I will share with you what I am looking at when I want to buy NFT, because honestly, it’s hard, especially if you want to buy NFT in order to resell it later. It’s really hard to estimate if you will be able to resell this NFT on a profit or not.

So on OpenSea if I click on any of the NFTs randomly, I am picking randomly this CryptoModel. We see that this CryptoModel is on sale and I can buy it for 0.0259, but it’s a new one.

It’s a new one, there is no history and it was just created. So I really don’t know if I’ll be able to resell it at a profit. Maybe not because I don’t have any data.

So when you’re looking to buy NFT tokens you want to see some data for that NFT.

So for example, if I click on the CryptoPunks collection, which we said are quite popular, you’ll see that some are on sale, others not, but one says Last 40 Ethereum. CryptoPunk number 486. Let me click on it and you will see something interesting here.

There is an increase in the price. So this is January 29, 2021. Then we have a sale on the 14th of February, then on the 24th of February.

And below in the Trading History, what you can notice is that the price increased. The first sale was for 13 Ethereums, then for 15 and then for 39 and then for 40. And you see that all of these are different owners.

So simply said, this shows me that there is an interest in that specific NFT token for some reason.

One person sold it to another one, then the BlackSwanSong sold it to Petitcaillou. Then this guy sold it to the B9FDDB and then this guy sold it to the other one and the price increased from 13 up to 40 Ethereums. And this is just in 2 months and I’ll bet. So this is the next important thing I want to see.

Now 2 concerns here, one is that the price jumped significantly from 15 to 39, which says to me that probably it is too late to buy this NFT. And the second thing is that nobody has bought this NFT for 2 months now.

So one more time, when I’m choosing an NFT, I want to see an increase in the price, which means that I have a higher probability of reselling it at a more expensive price.

But ideally, I’m looking to buy NFT tokens that increase in price consistently, and at the same time, this increment in value happened recently.

If it’s in the last few days, awesome. If it’s in the last few weeks, it’s OK. But 2-3 months ago, not really.

So if I look for some other CryptoPunks, I will just pick any randomly. Let me go back to one, which is a little bit cheaper compared to the rest. I will click on it and you will see that we have a steady increment in the price. But this is because probably we had just 2 sells.

So the first one was at 0.25 on the 23rd of November 2019 and then 2021 on January the 5th.

So let me click on another one and let’s see what data it shows.

It shows ‘All Time Average Price’, but if there were 2-3 transactions only, not really an average price. Exactly 3. But you can see 12, 18, 24. 5, 3 months, 2 months ago.

So pretty similar, just the price increased a little bit more steadily. But again, there is a huge period when nobody wanted to buy this NFT token.

Choose a nice NFT that was interesting for the people

So this is the risk that you are always taking when purchasing NFTs. You might choose a nice NFT that was interesting for the people. The price was increasing, but it could happen that nobody will buy your NFT for a few months, even years.

So this is what I’m looking for when purchasing NFTs, this is my personal experience. And if you have some other criteria, I’ll be happy to know it. But when an asset is unique, it is non-fungible.

It is really a hard task selecting the NFT you want to buy because the data that we see from the platforms allows us to see if this NFT was sold a few times, what was the price.

Unfortunately, it’s not data similar to what we see with the regular cryptocurrencies, Bitcoin, Ethereum. So right here you see one that actually decreased in value. So such an NFT won’t work for me and it doesn’t necessarily mean that it will further decrease.

But it’s not only me who sees the stats, it’s everyone else. And if the next person sells it for 15, everyone else will know that this NFT actually loses its value instead of increasing it.

So feel free to share in the comments below when is the best time to buy NFT tokens or which are the best NFT tokens to buy according to you. I’ll be super happy if you share your thoughts below so we can discuss it together and the lecture will be more useful to everyone.