If your metric of health valuation for NFT projects is only Floor price, you’re doing it wrong.
Here’s 5 more metrics to assess deeper.
Here’s 5 more metrics to assess deeper.
1/ Thin Order Book
Eg below, A floor price of 0.55 ETH,
But only 6 sales later it will be 1 ETH.
As long as there’s good daily sales volume, it’s just a matter of time till it gets there.
Eg below, A floor price of 0.55 ETH,
But only 6 sales later it will be 1 ETH.
As long as there’s good daily sales volume, it’s just a matter of time till it gets there.
2/ Continuous daily volume.
As long as there’s continuous daily volume for months if not years, again, just a matter of time till price appreciation.
Combining this with the above is what I use to do larger investments and trying to predict price movements.
As long as there’s continuous daily volume for months if not years, again, just a matter of time till price appreciation.
Combining this with the above is what I use to do larger investments and trying to predict price movements.
3/ Holder distribution/whales.
Continuous sales is also good to weed out massive whales or flippers that want to exit.
Once they’re mostly done selling, project gets healthier as there’s overall less sell pressure.
Top BAYC whales. Pretty healthy for a 10k collection.
Continuous sales is also good to weed out massive whales or flippers that want to exit.
Once they’re mostly done selling, project gets healthier as there’s overall less sell pressure.
Top BAYC whales. Pretty healthy for a 10k collection.
4/ Listings per day
Recently I’ve been watching how many are listed per day.
If the # is getting less but daily sales are the same/increasing then it’s a great sign.
Recently I’ve been watching how many are listed per day.
If the # is getting less but daily sales are the same/increasing then it’s a great sign.
5/ Age
Takes a lot for a project to continue being relevant after a year.
Means they’re doing something right to continue to attract sales volume.
Old project + stable growth means I have way more confidence then something 2 months old.
Takes a lot for a project to continue being relevant after a year.
Means they’re doing something right to continue to attract sales volume.
Old project + stable growth means I have way more confidence then something 2 months old.
6/ Short thread - hope it helps 💙
Loading suggestions...