Crypto influencer Ben Armstrong is naming three NFT (non-fungible token) assets that he believes have the potential to print 100x gains this year.
In an interview with Carl Martin, Armstrong says his mentality for investing in NFT coins is to focus on the big names.
The first big-name NFT project on Armstrong’s radar is decentralized video game and entertainment platform WorldWide Asset eXchange or WAX (WAXP).
“I always think go with the big names. That’s what we’ve seen. You can make your smaller speculative plays with projects that are down in the $400-$500 [million market cap] range, but when you look at something like WAX, I don’t even think it’s in the top 100 right now. This is a project that everything they launch is successful. Every single game that WAX itself – not the blockchain – but the company WAX that’s behind the blockchain, everything they launch does phenomenally. So I think there’s still a lot of opportunity with WAX. I’d say that’s probably my number one for me in that area.”
The trader also says to keep an eye on his number two pick, Ethereum-based virtual real estate world Sandbox (SAND).
“Don’t sleep on Sandbox, Sandbox is another one very similar to Decentraland (MANA), virtual real estate, within the gaming world. Kind of almost a metaverse, like Ready Player One kind of deal where you own virtual real estate, and then people are going to be able to build like Minecraft type stuff on the SAND game. We actually have land in Sandbox so that’s another one.”
Armstrong’s third pick is blockchain-based gaming platform Enjin (ENJ). While he didn’t go into detail, the crypto influencer says he has some inside information about what Enjin’s been working on behind the scenes.
“Enjin is the behemoth in the space. Enjin is the leader in gaming and NFTs and I don’t see that changing. I actually got some inside scoops on stuff Enjin is doing on the backend with some more stuff coming down in the pipeline and it’s really exciting. I’d say definitely wait for a dip on that one. You definitely want exposure to Enjin.”