Analyze 5 indicators of NFT project

NFT The price of is very unstable . In a bull market , Many people will lose money in trading , This is especially true in bear markets .

As the volume of transactions increases , More and more celebrities are coming in , More and more VC Also began to invest NFT project ,NFT Is rapidly becoming an alternative investment .

Although people are not satisfied with NFT The value and sustainability of , But many celebrities do believe in choosing promising NFT Project is a profound knowledge .

Even if some NFT The series attracts everyone's attention , But it still needs some indicators to help evaluate the potential and value of the project .

With Ethereum Upper NFT For example , Understanding analytics NFT Of 5 Indicators

1、 Project team background

The background and experience of the team are right NFT The value of the project is crucial .

What kind of team is good for the project ？

Let's see. Bored Ape Yacht Club and Otherdeed The team behind .Yuga Labs It's a perfect example . The team was founded in 2021 year 2 month , Created BAYC, And in the 2022 year 3 I bought CryptoPunks and Meebits. later , They issued ApeCoin, by Otherside Pave the way for the project , To promote the Otherside Development of the project .

The current bear market 3 month , The team completed 4.5 A billion dollar round of financing , Valuation of 40 Billion dollars .

If you want to find potential NFT project , The team behind the project should ：

• Successfully released NFT project
• A clear long-term growth plan
• The ability to maintain valuations and obtain financing in a bear market

These are the effects NFT Important drivers of project value .

Another team that meets the above criteria is to create Azuki The team Chiru Labs. They have the background of large traditional technology companies , Such as Google and Facebook, This is to find potential MFT Another criterion for .

 Footprint Analytics - Ranking of NFT Collections

2、 Rarity

Rarity is one of the most basic data indicators , And the internal quality of the project 、 Utility or aesthetic value are completely separated .

Basically , Supply and demand indicate ,NFT The rarer , The higher its value .

stay NFT In the world , about 8,500 One for a series NFT The supply of is considered to be very small . There are also some projects , Such as Meebits, There are up to 20,000 individual .

CryptoPunks It is the earliest in Ethereum NFT project , By 6 month 17 Japan Punk The price of the floor is 48.9 ETH, There's only... In all 9,999 individual Punks. In order to let more people contact NFT,Larva Labs – CryptoPunks The team behind launched Meebits, A possession 20,000 individual NFT Of 3D Voxel set .Meebits Base price ratio of CryptoPunks low 15 times .

Rarity is in NFT It's also very important , Including unique features 、 Properties and their combinations . Although there are no hard and fast rules to evaluate NFT The rarity of the project , But learning and understanding NFT The impact of rarity on the project is very important .

3、 Trading volume and liquidity

Trading volume is a measure of the market's response to NFT Important indicators of demand . Low trading volume is usually a sign of a bear market , The higher trading volume means that it has less liquidity risk .

With NFT Rapid development of , Many projects have sprung up . Though many NFT The projects all have amazing unique designs , But the market is saturated , Not every new series will be the next one CryptoPunks or CryptoKitties.

Many are in Ethereum Last issue NFT All in 0 Transaction status . This shows a lot NFT Lack of liquidity , This is a NFT One of the obstacles to the development of the industry .

 Footprint Analytics - Ranking of NFT Collections

take the reverse into consideration Top 10 The volume of trading NFT, The maximum cumulative trading volume is MAYC, The trading volume is 10.68 Billion dollars , The second is Otherdeed, The trading volume is 8.97 Billion dollars . Suppose these NFT Be able to maintain this liquidity , They will be easier to sell in the future .

 Footprint Analytics - Top 10 by Volume

4、 Price wall

Through the price wall, you can see the possible upward resistance on the price of a project , It can also be seen from the NFT Price to judge its rising space .

If the user cannot judge NFT The buying and selling price of , Items can be viewed in the secondary trading market NFT The price of the collection . for example ,Azuki Yes 10,000 Circulation units , Only 5 Units below 10 ETH Mark , The highest NFT by 9,999 ETH. This shows that Azuki There is a lot of room for the premium to rise .

 Screenshot Source - OpenSea/Collection/Azuki

5、 Community power

The strength of the community is one of the most critical factors to determine the success of a project .

In short , Whether social media is active can measure the popularity of a project .

for example , Let's compare two large... Through social media activities 、 Trendy NFT project . The first thing to see is Discord and Twitter, They are NFT The most common communication channel in the field . When you log on to the project website 、Discord or Twitter when , You should look at the number of fans of the project 、 Participation and fan ratio 、 Whether to artificially improve the participation through gifts and other strategies 、 Interaction between officials and users, etc .

The following is official Twitter Data on Otherside and Goblins An analysis of the power of the community .

• In terms of the number of fans ,Otherside The number of fans is Goblins Of 11 times . It means Otherside Than Goblins More popular and concerned by users .
• From the perspective of official and user interaction , In terms of publishing topics ,Otherside Still more than Goblins More active .

 Screenshot from -Otherside official Twitter