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NFT Price Prediction
The price of NFTs is closely tied to the crypto market. Because NFTs are priced in their native blockchain cryptocurrency, the price fluctuates when the cryptocurrency market does. Since the crypto market can be quite volatile, the rise and fall of the average NFT price can make you question whether or not digital assets can be a smart investment. We’ll find that out today.
NFT Price Prediction - Can It Be Done?
There isn’t a surefire way to guarantee the prediction of the price rise and fall of an NFT, but there are ways to get a pretty good idea. Keep in mind that NFT price predictions are always supposition because the future is unpredictable. The max price level of an NFT is virtually unlimited (just look at SolPunks and Bored Ape), and there is plenty of room for collections to grow.
How to Predict NFT Price
As said, the price forecast for NFTs is not set in stone, but you can take into account the below factors to give yourself a pretty good idea of what the highest price a certain NFT can reach. You can also use the below aspects, combined with your own research to figure out the potential maximum value and the price of NFT collections.
NFT Live Price Charts and Stats
The first resources you can use are NFT live price charts and statistics. A price chart will show predictions of the minimum price value, average price value, and maximum price for a specific year. NFT statistics will depict the floor price and the increase and decrease over a set amount of time.
NFT Technical Analysis
You can also look at the NFT tech analysis apps or platforms that display NFT buy and sell ratings. The indicators shown on such tools include oscillators, moving averages and pivots.
The Art
We then get into things that affect the minimum price, average price and maximum price that are not so technical and based on the asset itself. The first element to assess is the art, or visual representation of the NFT you pick.
For example, while pixel art isn’t the most complicated-looking type of design, it is very popular at the moment and can help a collection reach a maximum value that’s pretty high. Unfortunately, art is highly subjective and one person’s appreciation for one piece may not equal someone else’s, which will impact the average forecast price.
In order to identify a possibly more profitable investment, we would suggest looking at the collection you’re interested in and looking at the performance of others like it. There is a lot of pixelated NFT art that has hit a very high maximum level of profit. That’s not to say that more intricate art pieces can’t do well either.
The Team
Don’t forget to research the team behind the collection to help the accuracy of your NFT price prediction forecast. What is it that the NFT collection is pledging to do? The cause is just as important as the art.
Does the team have a good reputation and a good standing within the NFT and crypto community? You will generally have less to worry about if the team behind it is reputable and doxxed. Doxxing means the identities of those behind the project are public knowledge. This makes it less likely that the project will be a rug pull.
The Historical Data
Remember to look into the historical sales of related NFT projects. The current price forecast of a collection is tied to the performance of previous similar collections. The technical tools we recommended above can show the max and minimum value of previous projects, so dig into the information to help with an accurate NFT price forecast.
Popularity and Demand
This is perhaps the most difficult aspect to foretell, but it’s also one of the most important features to consider. Oftentimes, an asset’s worth is dependent on its popularity and demand, the same goes for the price of NFT art. In other words, if no one in the community is interested or wants an NFT the price of a collection will have trouble reaching a high average price.
How many NFTs are available and the rarity can also affect the price of NFT art. For example, if there is only a maximum supply of 100 pieces, which is a very small collection, then the expected price can be higher.
NFT Price Prediction for the Coming Years
Let’s take a look at what our research has shown for the price of NFT art in the coming years.
NFT Price Prediction 2022
2022 seemed to be a bullish market in the beginning, with more and more people gaining confidence in crypto and pushing the expected prices of NFTs up. Experts predict that the NFT’s future would reach a maximum price level of about $0.044 by the end of 2022.
While this hasn’t been disproven so far, the travesty that was LUNA did waver some people’s faith in stable coins and cryptocurrency exchanges. Whether or not this will impact the price analysis of NFTs at the end of the year remains to be seen.
NFT Price Prediction 2023
We’ll see if confidence bounces back in 2023, but for now, the expected market price is predicted to be $0.058 with a minimum low of around $0.056. With other cryptocurrencies being adopted by large corporations, governments, and people around the world, we forecast the price to soar this year.
NFT Price Prediction 2024
In 2024, we still expect a steady rise and for NFT cryptocurrency to maybe even reach heights similar to its previous all-time high of around $0.095, with an average of $0.082. While the prices we predicted are all increasing, there is always a chance that things can go the other way.
NFT Price Prediction 2025
If we continue on the steady rise that we have seen in the past few years, then the price is expected to maintain the trend in 2025. We will see NFTs reach a USD price of $0.11, and the maximum could be around $0.14. That’s a pretty good return if you invested in certain collections earlier.
NFT Price Prediction 2026
As adoption becomes more global, we believe that 2026 will continue this positive trend forward with a minimum value of around $0.17 and a high of probably $0.20.
FAQ
• Is NFT a Good Investment?
Yes, an NFT is a good investment if you pick the right one. If you buy NFT art that has utility and supports a worthy cause, there is a chance that the value will increase. It’s less likely for NFTs without any purpose to see the same price hike.
Read more: How To Invest In NFT
• How Much Will NFTs be Worth in 10 Years?
NFTs could be worth $1.31 within 10 years. However, it’s important to understand that investing in anything has its risks, and the crypto niche is quite volatile and unpredictable. Keep an eye on NFT forecast tools to help guide you in the right direction.
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Conclusion
An NFT forecast isn’t always accurate, but there are steps you can take to try and envision what the prices could be. Remember that with any type of investing, including NFTs, there is an inherent risk you should be aware of. That being said, there are plenty of NFT forecast tools available to help you make the right decision.
