How to increase your chance to find undervalued #NFT collections? Here is my top 7 NFT tools that will simplify your life and make you a profitable trader & My Tips and a Ready-To-Use Google Sheet for Risk Mitigation 🧵👇
1/13
Effectively using the whole list of tools doesn’t guarantee the fact that a collection will turn out to be bullshit, and you will lose money 🤢
2/13
Therefore, in addition to collection analytics, you need to take into account, among other things some core points: the value to the community, a roadmap, and the upside you can earn. Well, or you'll just turn into a collector, lol
3/13
There are usually 2 good strategies:
◾️ invest at the first stage, more risk, more profit
◾️ invest after the floor has fallen heavily, less risk, less profit
4/13
If you really want to get into the search for such projects, you need to make a google sheet and write down weighted numbers to each point to make sure it's valuable for each score
5/13
That's the example of this kind of sheet. I took 2 collections. #BAYC showed me a total score as 0.92 but #bagner showed me 0.32. That's the case to choose BAYC as the core collection for you - docs.google.com/spreadsheets/d…
6/13
OK, the risks of a collection have been sorted out. So how to look for such projects?
7/13
Dune Analytics - @DuneAnalytics
It makes complex figures in the NFT world easier to understand for non-technical traders. However, users will need some querying skills if they want to use it efficiently. That's an example of NFT dashboards - dune.com/cryptuschrist/…
8/13
Nansen - @nansen_ai
Using Nansen requires some skill since it is a generic tool not tailored specifically for NFTs. They recently released NFT dashboards: profit leaderboard, realized gains, total revenue, spent and profit - nansen.ai/post/introduci…
9/13
ICY tools - @icy_tools
This tool works similarly to Nansen. The difference is that it was specifically designed to analyze the NFT markets. One of my favorite tools to find new projects to begin researching. That’s the way to find something undervalued before it gets big
10/13
TRAIT SNIPER - @trait_sniper
This tool is important if you want access to rarity rankings of NFTs right after the project launches. This is one of the fastest rarity tracking tools out there. The main metric for me is how the floor price moving in 24h
11/13
NFT NERDS - @NFTNerdsAI
The main benefit of this tool is that it displays live conditions, unlike Trait Sniper, which requires users to do constant refreshes. The awesome feature is to set alerts for price changes and allow you to buy NFT according to your criteria
12/13
NINJALERTS - @ninjalerts
Ninjalerts comes as a smartphone app, which tracks various NFT parameters. It is often used to track the activities of whales, influencers, and other influential figures, allowing users to know which projects are about to go through a hype cycle.
13/13
WGMI - @wgmiio
When it comes to managing listings on various marketplaces, this is one of the best tools. It lets users monitor floor price changes, and get an overview of their listings while being able to check for undervalued NFTs.
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How to Network at a #crypto Conference, My Personal Tips & Most Important #Blockchain, #NFT, #DeFi Events of the 2nd part of 2022 🧵
0/x Surprising Networking Statistics
Networking comprises 46% of the most effective ways of finding a job. So, over 40% of in-person meetings result in obtaining new customers. x% chance someone will share insights from the market, and you can use them :)
1/x
I don’t particularly like going to conferences just to listen to speakers. It's rare at conferences to hear insights from the market and an action guide. Such content is usually hidden behind the sidelines. To deal with it, networking will help you all