This paper studies the effectiveness of applying equity investing strategies into constructing weekly NFT portfolios consisting of the top three winners of the top 15 NFTs in the market, to see to what degree fundamentals can be used in NFT trading. The results of both strategies are compared to determine which is a better strategy for the market. Results show that momentum outperforms technical analysis, although there is no significance in the results. Risk analysis, data noise, and data accessibility limitations are to be considered for future research.

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Momentum Versus Technical Analysis: NFTs Investing Strategy

  • Madeleine Hanson,
  • Yanthi Hutagaol-Martowidjojo

摘要

This paper studies the effectiveness of applying equity investing strategies into constructing weekly NFT portfolios consisting of the top three winners of the top 15 NFTs in the market, to see to what degree fundamentals can be used in NFT trading. The results of both strategies are compared to determine which is a better strategy for the market. Results show that momentum outperforms technical analysis, although there is no significance in the results. Risk analysis, data noise, and data accessibility limitations are to be considered for future research.