As the world of entertainment, games and finance evolves into one giant space, NFTs are the most accessible way for the average Joe to participate in the crypto gold rush and make some money.
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The NFT traders who consistently make profits are doing it on a professional level. Not only do they have deep knowledge of how NFTs work and what utilities they deliver, but most importantly they have the right tools at their disposal to help them find promising projects. Keep watching to find out how YOU can be like them and start flipping NFTs for a living!
In the world of cryptos and NFTs, accurate data-driven insights are hard to come by. Trends change by the second, and market data is highly dynamic, primarily due to the volatile nature of cryptocurrencies. There is a dearth of easy-to-access, reliable market information. Keeping this in mind, here is a list of top 5 data analytical tools to help you in searching for those hidden gems with 10-100x potential!
Let’s dive right in.
- Dune Analytics
This is possibly the most well-known tool when it comes to free NFT analytics. It’s a free tool that makes complex queries more accessible to the non-technical person and handles all the background tasks of actually fetching the data. So all you need to do is play around with that data and build a dashboard that suits your needs.
At its heart, Dune Analytics is a community-driven project. Their data is open to everyone and is remixable. Unlike other companies, Dune's employees are not the only ones that prepare data sets for specific projects. Instead, it allows everyone to query complex data using their robust editor and dashboard. You can also customise other people’s dashboards.
For example, you can take the Interactive NFT floor Tracker dashboard and set up all your favourite projects so you can then easily track their floor prices.
Having said that, it’s not exactly beginner-friendly, you will need some querying skills when building a dashboard of your own. On the other hand, most projects already have user-built dashboards, so you can just find a ready-made dashboard and use it in most cases.
Dune Analytics offers a paid service, too. As of June 2022, it costs $390 a month. The premium version lets you skip the query queue and run parallel queries, meaning that your analytics can be processed faster than they are for non-paid users, keep dashboards and queries private, and export your data to comma-separated values (CSV) files.
Dune's vibrant community comprises traders, analysts, and enthusiasts who save and share their data analysis with the world. This open process allows the data to be mixed and reused to meet anyone's needs. Many consider it the Github of the data analytics world.
Uniq.cx is the ultimate tool when it comes to tracking all critical metrics for NFT collections on the ethereum blockchain, with support for Polygon, Klaytn and Solana coming very soon.
Over 25000+ collections are constantly tracked and this is done under 2 modes: Full mode and floor mode.
In Full mode, The top 7,000 collections with most activity are fully tracked, showing all sales, all listings, the rarity of all assets, and so on. Collections under the non-fungible ERC721 standard show charts with profits and losses, age distribution, and many others. Collections under the semi-fungible ERC1155 standard show less metrics, simply because a lot of this data is not available.
In Floor mode The remaining collections (beyond the top 7,000) have a lot less activity, and therefore only the floor price is displayed. It is possible to activate full mode for some of those collections, if there is a strong demand from the users. Please note that all collections with more than 110,000 assets are tracked in floor mode by default.
The statistics it provides can be used as cues to enter and exit positions. In a sea of copycat tools, this one stands out for being completely free and for providing some interesting data points that are not available on other tools.
Finding this information useful? Consider dropping a like and let us know in the comments what projects you are invested in! Let’s continue with the video.
Cryptoscores is yet another powerful tool to discover upcoming NFT collections and help you form a clear decision on which project to invest in.
The upcoming projects list gives you an idea of where the NFT space is going, and which types of projects are launching. But more importantly, it’s not just a firehouse of upcoming projects. The team behind Cryptoscores have a background in data mining and statistics, which enabled them to produce a tool that is great for NFT quantitative analysis.
You can see some of these innovations in the upcoming mints section. Whereas other calendar websites just blast you with an infinite list of unsorted projects, Cryptoscores applies some algorithms on each project to find out which are most likely to sell out and gives them a rating. You can then use these scores to figure out which ones you want to spend time researching and trying to get whitelisted for.
Moby is not very popular, but it is definitely an effective NFT tracking tool. It offers the fastest real-time NFT statistics and feeds. Moby can turn out to be really useful for NFT investors and also help them in monitoring their assets. They can act upon their investments and make decisions faster because of shorter window periods of 10 minutes, 60 minutes, 24 hours, and a few more.
Even Though majority of the features are available for free, you always have the option to subscribe to the Pro version of Moby. This will give you access to all the data charts and perform better analysis. Subscribers can access more useful data like historical collection data, real-time feeds, NFT signals, and much more. The ranking system of NFTs on Moby can be handy for finding the top contracts and choosing the right ones to invest in. The only downside here is that you can’t access every feature for free, and you need to get a subscription for better tracking.
When you are thinking about buying an NFT, the most important thing to consider is a rarity. The best NFTs sold for millions are extremely rare and wanted by all the collectors. This is what drives their price high. Rarity.tools is a useful tool for tracking and examining the NFT space.
You can sort all the NFTs based on their collections, average price, and even volume in ETH on Rarity.tools. When you visit the website, you will see a unique page for every NFT collection. You can even go through the detailed attributes of every particular NFT in any collection.
The best thing about Rarity.tools is that they can give a rarity score to any NFT. The rarity score will make it easy for you to determine whether it is a worthy investment or not. It is a user-friendly platform that provides detailed information and helps you find lucrative NFTs.
Hopefully, this list of NFT analysis tools will help you discover the best NFT collections to invest in. Some premium options are available in these tools too which are useful for avid collectors who need to keep track of their portfolios. Though I personally think the free features should be more than enough for beginner investors to find profitable deals and get started. All in all, you can use these NFT tools to get all sorts of insights to help you develop your personal strategy for investing in NFTs. We hope this video proved helpful for you. Make sure to check out our Cryptopreneur Brand, where you can get the highest quality crypto merch available on the market right now. Also Subscribe to our channel for more useful content like this. Till then, Goodbye!