As the world of NFTs continues to expand, various tactics and strategies have emerged among traders and collectors. One of the more controversial practices is NFT sniping. 👀 Never heard of it? We've got you! 👇
continues to expand, various tactics and strategies have emerged among traders and collectors. One of the more controversial practices is NFT sniping. In this article, we will explore what NFT sniping is, the tools and techniques used by snipers, the ethical concerns surrounding this practice, and its potential impact on the NFT market.NFT sniping is the practice of swiftly identifying and purchasing newly listed or undervalued NFTs before others have the opportunity to buy them.
NFTs are unique digital assets with varying degrees of rarity and value, making them more challenging to evaluate compared to traditional financial assets. The NFT market is also less regulated and more susceptible to price manipulation, which can create additional risks and opportunities for NFT snipers. Finally, the use of automated tools, bots and advanced technology further differentiates NFT sniping from traditional trading strategies that rely more heavily on human intuition and analysis.
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