Non-fungible tokens are revolutionizing the digital art industry. They’re taking the place of collectibles in popular games by providing an avenue for artists to make money off their artwork.
As we head into the future, digitally-created art is being used for more things than ever before. It can be used in several different cases and expanded from there. So if you want to invest in coins powered by NFTs collections, here’s the list of the top 5 NFT coins to buy in 2022 on BYDFI.
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What are NFTs or Non-fungible tokens?
NFTs are basically to ownership rights of digital goods (for now) stored on the blockchain. Here, the term digital goods can include anything from digital art, music, identities, clothes in the metaverse, etc.
With things moving towards the metaverse and a boom in the play-to-earn industry it’ll be pretty interesting to see where the NFT tokens market is headed.
Therefore, in this article, we’ll be talking about the five best NFT coins that you can buy from BYDFI in 2022.
What is BYDFI?
BYDFI is a crypto exchange that’s packed with various products and features such as futures trading, lite contract trading, margin trading, crypto swaps, etc.
Further, the platform also allows you to mine free BYD tokens and earn rewards by performing various tasks.
Moreover, with BYDFI margin trading, you can also trade these NFT tokens by copy trading. Here you can simply follow professional traders with good returns and let everything go on autopilot.
Before we get into the five best NFT coins to look out for, you can also stand a chance to get our premium NFT signals by signing up on BYDFI using the link “HERE“. To learn more, join our Telegram channel!
Decentraland (MANA) Price Analysis
Decentraland equips your business with a VR platform that offers monetization. You don’t have to create experiences – you can also earn revenue with the app and content.
MANA is a crypto token used to pay for services and goods inside Decentraland. To use MANA in the game, you’ll have to exchange it for LAND.
It’s built on the Ethereum blockchain following the ERC 20 standard for digital tokens. Beyond the gaming environment, the Decentraland team has also built a marketplace where participants can exchange LAND tokens across various in-game content.
The market lets them manage and trade commerce activities, enabling individuals to pay for items with real-world currency.
Based on the MANA rate fluctuations of Decentraland during the first half of 2022, experts anticipate that by September 2022, MANA will be worth $1.11 on average.
As a result, it may experience a minimum and maximum price of $1.01 and $1.14, respectively.
On a 1D timeframe, the price action of $MANA/USDT rises from the horizontal support zone. If it breaks its mid-trendline and retests successfully, it can go upwards.
Chiliz (CHZ) Price Analysis
Chiliz is the world’s first blockchain-based rewards network for entertainment and sports. They have an interactive platform that allows fans to engage with their favorite brands & stars as well as with other fans. The Chiliz token is a digital currency that can be spent on various interactions across the platform, including product purchases and celebrity events.
This startup aims to solve a fundamental problem of sports fanatics by incentivizing their involvement. If a fan has bought tokens, they can sell them on the platform and get involved in club-related polls and surveys. The project’s goal is to bridge the gap between passive and active fans by giving them the possibility to buy specialized tokens through these platforms.
Chiliz can make a good investment. They have a good roadmap and some ambitious plans, so they’re well worth checking out.
On a four hours timeframe, the price action of $CHZ/USDT is moving inside the horizontal support zone. First, however, we must wait for a successful breakout or breakdown to confirm its next direction.
Enjin Coin (ENJ) Price Analysis
Enjin Coin is a project that provides a blockchain-based gaming environment where users can communicate and run virtual stores. With it, you can also build clans and websites. It comes with in-game items as well. The in-game assets made available via Enjin Coin are created using Ethereum smart contracts. A digital currency backs these assets, ENJ, tokenized on the Ethereum blockchain. You can buy and sell digital assets with real money or convert them for other goods and services at our exchange.
As long as the cryptocurrency markets remain bullish and Enjin focuses on being in virtual reality, they should be able to continue their upward momentum. In particular, Enjin is excited about adding NFTs and using Ethereum’s blockchain to power the metaverse.
On a 4H timeframe, the price action of $ENJ/USDT is moving inside the rising wedge. We have to wait for a successful breakout or breakdown.
Theta Network (THETA) Price Analysis
Theta is a decentralized video delivery network that provides open access to consumers for watching videos. It’s open-source and allows content creators to easily create their decentralized apps that can stream movies, education, esports, music, etc. – all without any geo-restrictions. This video streaming service is powered by a network of people from around the world who donate spare computer resources and bandwidth in exchange for Theta fuel.
THETA could go up to $1.92 this year, while it could rise to $7 in the year 2023, and it could go as high as $43.09 by 2027.
On a 1D timeframe, the price action of $THETA/USDT is consolidated inside the rectangle. Currently, the price is rising from the horizontal support zone. If it breaks its mid-trendline, then it can go upwards.
Axie Infinity (AXS) Price Analysis
Axie Infinity is a blockchain-based battling, trading, and breeding game you can play on your browser. The game consists of trading these virtual creatures called axies. These axies can be traded using our stable cryptocurrency tokens like “AXS” or used while battling others in tournaments to become the world’s top fighters.
These tokens are different from one another, and each has its abilities. You can combine them to generate new offspring that you can sell on the marketplace. The AXS token is a governance token for the Axie Infinity Ecosystem and gives its holders voting rights. They also allow you to dictate how the game’s community treasure funds should be spent.
AXS crypto price prediction expects it to climb past $40 in 2025. WalletInvestor says AXS is an “awesome long-term investment.” Its Axie Infinity 2022 prediction expects it to reach $55 a year.
On a 4H timeframe, the price action of $AXS/USDT is moving below the horizontal resistance zone. However, we must wait for a successful breakout or breakdown to confirm its next direction.
Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.