Stock Groups

Which NFT Stock is a Better Investment? By StockNews

by Mike Robinson

[ad_1]

© Reuters. Vinco Ventures Vs. Jiayin Group – Which NFT Stock Is Better?

Investing in digital collectibles, despite a decrease in NFT trading volume this month is becoming mainstream. Vinco (BBIG) and Jiayin, which are both exposed to NFT markets, could also benefit. Which stock is better to buy right now? Read more to find out.Based in Shanghai, the People’s Republic of China, Jiayin Group Inc . The NASDAQ: is an online platform for individual financing that links individual investors with individual borrowers. The platform facilitates secure, transparent and quick connections between investors, borrowers, and lenders. Vinco Ventures, Inc., (BBIG), is a manufacturer, distributor, retailer, and fulfilment company. This company sells toys, electronics, homewares, as well as plush to both distributors and retail customers through ecommerce.

OpenSea’s monthly sales have reached an all-time record $3.4 billion, despite the doubts of many investors about their true worth. According to Dune Analytics, this is a new high. The clipart of rock was sold last month for 400 Ethereum. While NFT trading volume has declined this month, increasing technological advances in the crypto space and growing interest in digital collectibles should drive the NFT market’s growth. NFT stocks JFIN, BBIG and BBIG are both expected to benefit.

BBIG gained 207.1% during the month while JFIN returned 4.2%. Also, BBIG’s 344% gain over the past year is significantly higher than JFIN’s 24% return. Moreover, BBIG is the clear winner with a 471.3% gain versus JFIN’s 2.2% in terms of the past nine months’ performance.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are generated by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]