Which NFT Stock is a Better Investment? By StockNews
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.
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