© Reuters. Vinco Ventures vs. Jiayin Group: Which NFT Stock is a Better Investment?
Although NFT trading volume has declined this month, investing in digital collectibles is going mainstream. So, Jiayin (JFIN) and Vinco (BBIG), which have exposure to the NFT market, should benefit. But which of these stocks is a better buy now? Read more to find out.Based in Shanghai, the People’s Republic of China, Jiayin Group Inc . (NASDAQ:) is an online individual finance platform that connects individual investors and individual borrowers. It operates a secure and open platform that facilitates transparent, secure, and fast connections between investors and borrowers. On the other hand, Vinco Ventures, Inc. (BBIG) operates as a consumer product research and development, manufacturing, sales, and fulfillment company. It offers toys, plush, homewares, and electronics to retailers, distributors, and manufacturers through e-commerce channels.
Even though many investors are skeptical about the actual value of non-fungible tokens (NFTs), monthly sales on OpenSea reached $3.4 billion in August, an all-time high, according to data from Dune Analytics. Last month, the clip art of rock sold for 400 ether. While NFT trading volume has declined this month, increasing technological advances in the crypto space and growing interest in digital collectibles should drive the NFT market’s growth. So, NFT stocks JFIN and BBIG should benefit.
BBIG has gained 207.1% over the past month, while JFIN has returned 4.2%. Also, BBIG’s 344% gain over the past year is significantly higher than JFIN’s 24% return. Moreover, BBIG is the clear winner with a 471.3% gain versus JFIN’s 2.2% in terms of the past nine months’ performance.
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