 Are Crypto Coins the New Penny Stocks? Hey, everyone. It's Benjamin here.
It's no secret that I am here for the NFT and crypto revolution. I've pretty much given it my undivided attention lately.
So why would I be so excited about a brand-new industry when I passed the million-dollar profit mark trading OTCs and listed stocks?
As any trader knows, there can be greater opportunity for those who get in on the ground floor of something new.
The latest news regarding a special NFT coin is proof of that…
When you start to see signs that the new thing moves in predictable ways, you get excited.
Let's take a look at three reasons crypto and NFT coins could be poised to pop.
3 Signs That Crypto and NFT Coins Could Moon Jump Here are the three it-factors crypto and NFT coins have going for them.
Traders Want a Shiny Object ApeCoin just went ape, and that's got me hopeful all over again about the future of crypto and NFTs. For me, it's confirmation that this industry is going somewhere.
After all, people look for shiny objects. We're attracted to what's new and unknown. We want to be part of the first few to get there.
And that's the motivation behind the latest jump in ApeCoin, which rallied 55% from three-day-ago lows.
A rumor circulated on the internet that owners of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) could receive virtual land in Yuga Labs' "Otherside" metaverse platform.
As far as widespread adoption goes, the metaverse is still largely uncharted territory. While a few firms have shelled out millions for early metaverse land ownership, most people haven't dipped a toe in … yet.
The Subscription Business Model Remodeled In the business, marketing, and sales worlds, the subscription business model is pretty well-researched, and it's profitable.
Maintaining an ongoing relationship with your customers is the best way to build longevity for your brand. People who know business have probably heard that it costs a company five to 25 times as much to find new customers than it does to keep old ones happy.
Every time buzz like the potential ApeCoin land drop hits the news, people think, "Wow, if I buy in now, maybe I'll get something cool like that in the future." It builds faith in the brand.
Let's face it: When we trade a penny stock, we can be in and out in minutes and not think about it again for months or even years.
During the wild markets of 2020 and 2021, it was hard to even remember a profitable ticker's letters once you exited your trade and moved on to the next one. There were just too many!
But NFTs aren't random shill companies with passing news catalysts. They're unique visual collections, and they may just stay in our minds for a long time to come.
Create a Gamified Environment I don't know about you, but when I'm trading a stock that makes specialized parts for industrial containers or a medical doohickey, I don't feel that connected to it.
Don't get me wrong — I'm glad they exist! But I don't think about them once the trading day is done.
It's different with NFTs. Many popular NFTs these days aren't just an asset … they're your new online avatar.
And the introduction of the metaverse could take that fantasy appeal up several notches. Gamification, after all, is what got newbie traders hooked on Robinhood.
It's also what helped The Sims sell over 200 million copies worldwide.
Many people want to see themselves reflected in a fantasy character, and the next logical step is to give that alter ego a chance to explore a world of its own.
Bored Ape Yacht Club already did that with the Yacht Club theme. Having its own currency and its own land … Well, it reminds me of a saying, "If you build it, they will come."
Conclusion NFTs have so much potential right now. It feels like we're just starting to scratch the surface, and getting in early can help you reap greater rewards. It's like getting the founders' experience.
You can get in first and keep reaping rewards later.
That's why you have to keep your eyes on the coin,
Benjamin Bull Editor, Coin Craziness
K2 Financial 3571 Far West Blvd
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