The decentralized world of blockchain and cryptocurrency has a lot to offer. NFTs are now the most well-known application.
NFTs are now radically transforming the realm of digital ownership. NFTs are becoming more popular. This makes finding the correct non-fungible asset to invest in very challenging for investors. The nicest part is that NFTs may be made or collected by anybody.
The popularity of NFTs is on the rise, and no one expects it to slow down anytime soon. Everyone seems to be discussing the upcoming nft project and metaverse, new NFT launchpad trends emerge in the marketplace. Investors will find it practically hard to maintain track of the trending NFTs as a result of this.
You may be asking why you should maintain track of the most popular NFTs or follow the most well-known ones. If you want to make money in the NFT launchpad market, you need keep an eye on the trending NFTs. This is where NFT launchpad analysis software may help.
Because there is no clear stop in the NFTs market, it is strongly suggested that you investigate it. And if you want to make money, you’ll need to gather some of the uncommon ones. Who decides on the rarity of an NFT launchpad now? Let’s start with a basic understanding of NFT rarity.
What is NFT Rarity, exactly?
Every day, hundreds or perhaps millions of NFTs are released onto the market. So, what factors may influence the value of these NFTs? You may have seen certain NFTs, such as Nyan Cat, sell for millions of dollars, while others, even from the same collection, sell for just a few hundred dollars. The rarity of an NFT launchpad is the answer to these questions.
An NFT launchpad that is highly uncommon becomes tremendously valuable. This is why individuals want to know whether or not an NFT launchpad they want to acquire is unusual. The NFT’s scarcity drives up its price.
Let’s take a closer look at how NFT rarity is calculated.
NFT Rarity Calculation
Even if a collection has thousands of NFTs, its rarity and worth are not the same. The CryptoPunks collection is the greatest illustration of this. The CryptoPunks collection is made up of 10,000 NFTs grouped into five ‘Punk’ categories.
There are only 9 ‘Alien’ CryptoPunks accessible now, according to the quantity of each variety. This is the most valuable NFT in their collection, and its scarcity is the reason for its high price. There are 6,039 ‘Male’ CryptoPunks, on the other hand. They are the least uncommon of all the items in their collection. This explains their somewhat modest costs.
As a result, there is less supply, which leads to higher demand and higher pricing for certain NFTs. However, the supply value isn’t the only aspect that defines an NFT’s rarity.
There are many approaches for estimating an NFT’s overall rarity. This will contain factors such as rarity based on the rarest trait, statistically measuring rarities, and even averaging the rarity of features. All of these strategies take into account an NFT’s overall qualities rather than a particular attribute. To determine the rarity of an NFT launchpad, a rarity score is employed.
Humans can no longer calculate the rarity score for each NFT launchpad. It’s possible that this will take a long time. This is when the market for various analytical instruments became necessary.
You don’t have to worry about calculating the rarity score on your own since there are a number of tools available to assist you. With only a few clicks, you’ll have the results at your fingertips.
Finding the Best NFTs Tips
Let’s have a look at some recommendations to assist you pick which new NFTs to purchase before we get into the best tools for monitoring trending NFTs.
If you want to profit from NFT investments, you must do thorough research. You should look into the backstory of that specific NFT piece. The following are some of the most important aspects to consider:
- Determine whether or not the NFT launchpad developer has a community in order to better comprehend its rarity and generating process. If this is the case, identify the community’s location and following.
- Research the current pricing of that NFT • Determine how many total pieces of that NFT are available on the market
- Analyze which platforms you can find that NFT on
Going through the material accessible on Twitter, Discord, and YouTube is one of the greatest methods to get started with NFT launchpad research. These are the areas where the bulk of NFT fans congregate.
Let’s take a look at some of the greatest tools for tracking the hottest and trending NFTs and profiting from them.
BitDegree
BitDegree may be used to discover and analyze different NFT launchpad collections available on the market. You may search for accessible NFT launchpad collections and examine their data for further information. On top of that, you may use a variety of metrics to improve the analysis of any NFT launchpad.
BitDegree enables you to create your own personal portfolio and keep track of all of your favorite NFTs in one place. BitDegree is now monitoring 357 separate NFT launchpad collections from three different protocols. These collections are scattered over 58 distinct NFT markets in total. The greatest part about this program is that it tracks everything so you can make the correct choices at the appropriate time.
BitDegree also gives you a breakdown of the most popular NFT collections. As a result, you’ll be well-informed on which NFTs are presently gaining traction in the market.
NFT OnChained
NFT OnChained is a great tool for tracking low-cost NFT launchpad postings. Machine learning is used to evaluate the current fair value of NFTs on the platform. Price predictions for each particular NFT take into account rarity, attributes, market data, and other variables.
The “Screener,” which identifies the presently most underpriced NFTs across all monitored collections, is their key feature. If you’re thinking about getting an NFT, it’s a good idea to go with one that’s been suggested as a good deal.
NFT OnChained also offers rarity ratings, portfolio monitoring, price history charts, top holder charts, and collection criteria like “percent listed,” “fear and greed,” and “Twitter followers” to help you make better investing selections over time. The “Stats” table allows you to search for collections that are trending or have strong fundamentals, such as a wide holder distribution.
Moby
Moby may not be well-known, yet it is an excellent NFT launchpad tracking tool. It provides the most up-to-date NFT data and feeds. Moby may be quite beneficial to NFT investors and can also assist them in keeping track of their holdings. Because of shorter window durations of 10 minutes, 60 minutes, 24 hours, and a few more, they may act on their investments and make choices quicker.
If you upgrade to the Pro edition of Moby, you will have access to all of the data visualizations and will be able to undertake more in-depth research. More valuable data, such as historical collecting data, real-time feeds, NFT launchpad signals, and more, is available to subscribers.
The Moby rating system for NFTs may help you locate the best contracts and decide which ones to invest in. The only drawback is that you can’t use all of the features for free, and you’ll need to pay for a membership to obtain greater monitoring.