Original compilation: 0x137
Original compilation: 0x137
This article is based on the opinions of Matty, the founder of Metakey, on his personal social media platform. BlockBeats organizes and translates them as follows:
holder
holder
After finding an NFT project, we can click "Details" to view the contract address. (Rhythm note, the author here refers to the Open Sea webpage)
Then click on the "Holders Tab" to view the top 1,000 holders. Understanding these holders is very helpful, you need to understand clearly, are these people just reselling NFT, or are they well-known collectors or long-term holders?
distributed
distributed
Taking Bored Ape Yacht Club as an example, the project has a total of 10,000 NFTs and 6,300 holders, so the distribution ratio is 63%. This data can roughly tell me how many holders only have 1 monkey. The fewer people owning multiple NFTs, the fewer sellers and less selling pressure. And the larger this percentage, the easier it is for the price to rise.
Listed NFTs
Obviously, the fewer quantities listed, the fewer sellers. If I want to buy a project, I will pay close attention to this to judge the popularity of a project. As the number of listings goes down, it becomes easier to raise the price.
trend chart
As shown in the figure below, the red box represents the hype sentiment, indicating that the price has risen too fast; the green box represents the accumulation phase, when the floor is recovering; the purple box represents the steady accumulation of traffic, which will Brings an increase in distribution percentage.
price wall
price wall
Sometimes at a certain price point, there will be many NFTs for sale. For example, CloneX has about 20 at the position of 18 ETH, which can let you know at what price a project may have upward resistance.
Transaction Type
Transaction Type
When a project's transactions come mostly from "accepted bids" (red ETH icon) rather than actual buyers, it means that there are very few buyers at the time, and usually the price will rise as bids are accepted and trigger more low price acceptances. rapid decline.
Maximum supply
In any market, whether it is a digital market like NFT or a physical market like real estate, the relationship between supply and demand is the most important. The less supply there is, the easier it is for prices to rise. For example, the supply of around 8,500 is relatively low, and the price is easier to appreciate, while around 20,000 needs a larger community to digest. Be sure to remember to track the latest developments of the project.
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