(C) Reuters. ZK International vs. Jiayin Group: Which NFT Stock is a Better Investment?
While NFT trading volume has declined this month, investing in digital collectibles is not a fad. Jiayin (JFIN) and ZK International (ZKIN) are two stocks that give investors exposure to this growing market. But which of these stocks is a better buy now? Read more to find out.Based in Shanghai, China, online individual finance platform Jiayin Group Inc . (NASDAQ:JFIN) connects individual investors and borrowers. The company operates a secure and open platform that facilitates transparent, secure, and fast connections between investors and borrowers. On the other hand, ZK International Group Co., Ltd. (ZKIN), also based in China, engages in the designing, producing, and selling of double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings. It also offers carbon and stainless steel strips, carbon and stainless steel pipes, light gauge stainless steel pipes, and pipe connections and fittings.
Despite investors being 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 clipart of rock was sold for 400 ether. While NFT trading volume has declined this month, growing interest in digital collectibles should drive the NFT market’s growth. So, NFT stocks JFIN and ZKIN should benefit.
JFIN has gained 36.1% over the past nine months, while ZKIN has returned 33%. Also, JFIN’s 44.3% gains year-to-date are significantly higher than ZKIN’s 15.1% returns. Moreover, JFIN is the clear winner with 8.4% gains versus ZKIN’s negative returns in terms of the past month’s performance.
ZK International vs. Jiayin Group: Which NFT Stock is a Better Investment?
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.