5 NFT Stocks to Watch Already up 151%

NFT stocks are surging but more important than finding the best stocks to buy will be avoiding the traps. In this video, I’ll explain non-fungible tokens and show you how to find NFT stocks to watch. I’ll highlight five legitimate NFT companies and then reveal which ones to avoid.

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NFT stocks could be the trend this year with the market cap of companies up nearly 200% just in the last year. Many of the stocks in this list are up over 100% and some only have an indirect relationship with the theme. It is extremely important that you know how to tell the real NFT stocks from the traps and how to invest.

We’ll start by defining non-fungible tokens and show you the research behind growth in the trend. I’ll then show you how I’m investing in NFT related stocks and how to find the best stocks to research further.

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For the NFT stock trend, I’m focusing on companies that provide ‘picks and shovels’…those companies providing the platforms and services to this growing trend. It’s these that will benefit even if specific NFT investments don’t work out. The stocks you want to avoid though are those up on just the rumor that the company might adopt some kind of NFT related business model. Stick with the companies with a direct link to non-fungible tokens and the blockchain technology.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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