To truly understand the NFT market, it's important to identify which holders have made the most profits through trading collections. These are individuals who have the ability to spot opportunities before anyone else, and we can gain valuable insights from them about the market.
One potential strategy to identify NFT whale addresses that have achieved significant returns is to start by navigating the trending NFTs.
You may ask, how can the holders of these trending NFTs identify the opportunity and get in early? By using analytics and selecting the leaderboard, we can see the profit rankings of the holders.
Clicking on their portfolio page can provide insights into their investment strategy and potentially help identify other NFTs that may have similar potential. For example, in one holder's portfolio, we can see that most of the collections they own are milady makers, and the cumulative gains are on the rise even in a bear market. By adding these addresses to our watchlist, we
To truly understand the NFT market, it's important to identify which holders have made the most profits through trading collections. These are individuals who have the ability to spot opportunities before anyone else, and we can gain valuable insights from them about the market.
One potential strategy to identify NFT whale addresses that have achieved significant returns is to start by navigating the trending NFTs.
You may ask, how can the holders of these trending NFTs identify the opportunity and get in early? By using analytics and selecting the leaderboard, we can see the profit rankings of the holders.
Clicking on their portfolio page can provide insights into their investment strategy and potentially help identify other NFTs that may have similar potential. For example, in one holder's portfolio, we can see that most of the collections they own are milady makers, and the cumulative gains are on the rise even in a bear market. By adding these addresses to our watchlist, we
Table of Contents
Yuga Labs Eco Data Overview
In the past month, Bored Ape Yacht Club, Mutant Ape Yacht Club and Otherdeed for Otherside have experienced the lowest floor during this year. On May 10th, a large number of traders entered the market to buy their favorite collections at the lowest price. Among all of the NFTs created by Yuga Labs, MAYC had the highest monthly trading volume, which was approximately 44,480 ETH.
Data Analysis of BAYC in May
May 10th Marks the Lowest Floor
An interesting observation is that on May 10th, the floor price of BAYC dropped to its lowest point in a year, reaching 40.95 ETH. Despite this dip, it was also the day with the second highest trading volume this month, and since then, the price has been on a steady rebound.
Market Sentiment is Influencing Volume
The most significant observation from the data is the consistent downward trend in the market capitalization of BAYC, falling by a significant 44% from 820k to 460k ETH
Content
Market Overview
Blue Chip Index
Volume
Traders
Top Collections
Trending Projects
Marketplaces
Trading Size
Blur vs OpenSea
AirDrop Strategy
User Analysis
Royalty Fees
Marketplace Fees
1. NFT Market Overview
1.1 Blue Chip Index
The blue chip index has rebounded slightly after the extreme highs and lows of last year. Having reached a three-month high of 9,881 in early January, the index continued to decline over the subsequent two months until hitting a new low of 8,189 by the end of March. Overall, the NFT market has remained in a bear market for an extended period of time, which is reflected by reduced buyers' interests and liquidity.
1.2 Volume
Over the past quarter, trading volume was on a steady trend for the first half of the quarter until it reached a three-month trading peak in mid-February. The periodic high was associated with the new marketplace Blur's token incentive, which catapulted NFT market trad
When you first enter the NFT market, you may be confused by the variety of NFTs. You may not know how to buy or which trading strategy to use NFTGo.io 101 will bring readers a series of NFT trading tips and notes. We hope you can have a pleasant NFT journey.
NFT Minting Tips: Find a good project to start
【1】Create a mint wallet that is separate from other wallets. An independent wallet can protect the rest of the assets from encroachment.
【2】Where can you find upcoming projects to mint? NFTGo.io's drop page is an excellent place to find them.
【3】You can directly check out the project's twitter, website and discord on NFTGo.io. Here are some metrics: the number of active users on Twitter, the design of the website, and the heat of their discord. Most importantly, remember to evaluate the social influence of the projects. How many people are talking about the NFTs? Are there any renowned KOLs or investors supporting them?
【4】Before Mint, follow th
An Ultimate Guide for Beginners
1. Set Up Your Wallets (MetaMask Tutorial)
Step1
First, you need to create your own cryptocurrency wallet such as a MetaMask, WalletConnect, Coinbase wallet, Phantom, etc.
This passage will show you how to create your own cryptocurrency wallet step by step. Let's take Metamask as an example.
It's suggested that you use Google Chrome to register and login on PC or Mac.
We use Google Chrome to open MetaMask, we can see the MetaMask client download page.
Then choose to click Download now and directly select 「Install MetaMask for Chrome」 to install the program to Chrome.
Then choose to install the MetaMask client as required, and click Add to Chrome.
Then we can begin signing up for a MetaMask account by clicking directly below to start using it.
There are two different options below. The first one is to log in directly if you've previously had an account, and the second one is to h
Most of us think that NFTs are the empowerment of people coming together to create a strong community. As we see in history, we have never had a social organization across the borders, touching many countries as today. Non Fungible Tokens are a combination of identity and social organization with no politics, racial parameters, or rules established by someone else (a.k.a. Governments/politicians), and even inclusivity. No one will judge by the way you interact or even how you dress your avatar.
Every NFT holder can interpret their own meaning of the community they belong to, and the group has broadly coordinated goals, and that is how the roadmap is completed.
NFTs are a class of real-life solutions like ETH and Bitcoin, but a little bit looser and more abstract than the two mentioned earlier.
So, what with the metaverse? The metaverse brings a landscape for NFT holders and a platform to interact with the community virtually but in real-time. This is where the virtual lands come to
