Cryptocurrency is one of the world’s rapidly-evolving assets that investors shouldn’t miss. Their volatility can increase your profits at any given time. Non-Fungible Tokens (NFTs) are increasingly becoming the top choice for crypto investors because of the asset’s unique performance, supply and demand structure, and the possibility to increase in value in the next 5-10 years.
Unfortunately, many NFT creators and minters use covert advertising and marketing by relying solely on word-of-mouth by other NFT collection investors to maintain secrecy and artificially increase the asset’s value. A transparent index that oversees cryptocurrency and NFT performances ensures everyone gets fair information that won’t leave them vulnerable to crypto and NFT scams.
This is the goal of the RHNI or Red Hare NFT Index.
The Lack of Evaluation Tools and Barometers
Currently, cryptocurrency and NFT investors lack the correct tools to evaluate the value of several NFT collections. Bored Ape Yacht Club is a highly-valued asset, but no index measures its underlying value except by looking at the buy and sell prices and the existing trading value for the assets. With RHNI, investors can evaluate the general sentiment on specific NFT collections, giving them great ideas to plan an entry and exit strategy while minimizing losses.
Other NFT indexes exist and evaluate the top 10 or 20 NFTs currently circulating and owned in the market. RHNI is the first Asia-oriented NFT index that will guide customer NFT sentiments in the region, making it easy to identify the right time to buy, sell, or hold. These indexes are helpful if you want to know investor sentiments regarding the highly-sought NFT prices, demand, supply, trading volume, and beyond.
Taking Away Investing Guesswork
Wise investors rely on exceptional tools to perform accurate technical analyses. These analyses compare a stock’s current performance to the top index’s trading performance. For example, the Dow Jones Index has the U.S. top companies listed, and investors take it as a selling sign if trading volume is high, the price is free-falling, and buy orders are few and far between.
With the RHNI Asia-oriented NFT index, you take away the guesswork involved in Asian and Western NFT valuation. You see the trading value, buy, and sell rate of NFT assets you own and are circulating in the market. By seeing local sentiment on various NFT collections, you can make the best investment decision to make you great profits or lose much of your investments.
Enables Index Investing
RHNI pools the top-performing NFTs in Asia and the West for easier price evaluation. More NFT indexes would mean more funds may build their indexes around them. In the future, we might see the S&P500 and Dow Jones equivalents in NFT.
Alternatively, these indexes can establish themselves in a decentralized manner. For example, RHNI has its respective governance token allowing it to become a DAO in the future with consensus built around the community’s perception of value.
Any index for cryptocurrency and NFT users acts as a measuring tool to guide investment decisions, minimize losses, and achieve transparency that can make the market easier and more accurate to understand.
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