Throughout late-2020, NBA Top Shot was a very hyped topic in the collectible sector. We saw it on the news, we saw it on Twitter, and we saw people bragging about how much they sold their NFTs for.
As the year ended and 2021 began, NBA Top Shot packs started selling out less and less quickly. They weren’t going for as much as they were before, they were being made more widely available, and the NFT market as a whole really took a nosedive.
So, moving forward you might be wondering whether or not NBA Top Shot will still be valuable. The answer to this question isn’t just black and white, there is much more to it.
If you’re a member of Juiced IO then you already have a great idea about where the NFT market is heading. You also have access to details about any profitable ideas that might come from NBA Top Shot and the NFT field in general.
Additionally, members of Juiced IO also get information about profitable flips and items that they can buy online and resell. The information is so detailed that it tells them where to buy the items, where to sell them, how much they’ll make, and how much risk they are taking by investing in an item like that.
However, switching back over to NBA Top Shot, the answer is a tad bit complicated.
Crypto
In general, crypto has seen a bit of a dip recently. Prices have been down in the market and comparably, so have prices of digital currencies and the collectibles tied to them.
If you’re really interested in NBA Top Shot then you have to make sure you’re up-to-date on the crypto market in general. When it takes a dive, you can almost guarantee the NBA Top Shot packs will too and that’s why we might be seeing the decline that we are.
The dip is now
If you think you have a great idea about the future of collectibles and NFTs/ NBA Top Shot is part of that future, now might be your best chance to buy in.
Prices are low, which means people are selling off their packs and at the moment, it’s a good time to buy for the future in case the market goes back up.
Everything is starting to fall in price
From the sneaker market to NFTs and cards, the markets that we recently saw at all-time highs are starting to crash and NBA Top Shot is part of it.
A lot of people saw this coming but we weren’t sure when. Especially when markets like the housing market, the car market, and the stock market are still at all-time highs.
However, it’s more like a rebound effect. It seems like the lower markets might be crashing first and the higher markets will crash later.
Regardless of what happens, NBA Top Shot is in a dip at the time of writing this and so are a lot of other markets. If you feel strongly about Top Shot then now is the time to buy in. If not, it might be better to allocate your money toward more profitable assets.
Looking to start reselling? Sign up now at https://juicedio.com
