Altcoin Roundup: Here’s a few things to consider when buying NFTs

The nonfungible token (NFT) sector of the cryptocurrency ecosystem has made waves that splashed across the headlines of even mainstream news outlets in 2021. Celebrities, musicians, sports teams, established auction houses and even fast-food restaurants got involved with the creation and/or sale of one-of-a-kind digital items.

With the top NFT marketplaces like OpenSea seeing record-breaking trading volumes as projects like CryptoPunks and Pudgy Penguins see tens of millions of dollars in value exchanged daily. However, it can be challenging to know which projects have the ability to hold or increase in value long-term and which ones are likely to fizzle out once the hype dies down.