The 5 Best NFT Analysis Tools to Discover New and Popular NFTs in 2022
NFTs (non-fungible tokens) are poised to revolutionize various industries by allowing true digital ownership. Since blockchain data is immutable, NFTs can be used to verify ownership of both physical and digital assets. Therefore, NFT technology can greatly impact industries such as metaverse, gaming, entertainment, real estate, automotive, luxury goods and more!
The NFT industry is expanding rapidly, and businesses around the world are starting to realize the great potential of smart contracts. Today, the best NFT collections are more than just crazy profile pictures and offer real value to investors.
It is estimated that the global market value of the NFT industry could reach 130.35 billion by 2030. With the increasing number of NFT traders and investors, new NFT collections appear every other day.
However, not all NFT projects are legitimate. New traders should learn how to spot and avoid scams. This is where the power of research comes in, as you may have heard the term “do your own research” (DYOR).
What are NFT analysis tools?
NFT analysis tools make it easy for traders to make good NFT investments by providing key results for various NFT projects. You can use them to track an NFT project and apply filters to the collection to find amazing bargains. They also come with an NFT calendar that tracks upcoming falls. By using an NFT calendar, you can set alerts and reminders to avoid missing your coins.
NFT collectors use analytics tools to check various metrics for an NFT project, such as trading volume, past sales, buying pressure, resistance levels, floor prices, hype in the NFT community and much more. However, not all NFT analysis tools are free. Some premium tools hide most of their features behind a paywall. Fortunately, novice NFT collectors can still benefit from free analysis tools.
Why is it important to track upcoming NFT drops?
Tracking any upcoming NFT drops and preparing in advance is another profitable strategy. Generally speaking, the most hyped and popular NFT cases rise in price after minting. However, this is not a hard rule because the price action of upcoming NFT drops is always speculative.
NFT tracking tool allows you to see upcoming NFT collections before they are released. So you can prepare and buy early into high-potential NFT projects.
The best NFT tools to find popular NFT collections
Trends in the NFT market change rapidly. Some experts say that NFT sales rely heavily on speculation, and this is true to some extent. Whether upcoming NFT collections will do well or not depends on the general sentiment of traders in the NFT market.
Smart NFT investors stay ahead of the game and generate profits by basing their investment decisions on real-time market data. This is where NFT analysis tools can help you! You can also try the Bitcode method to help kickstart your trading journey.
We have compiled a list of the best NFT analysis tools to help you maximize your profits while trading NFTs.
1. Dune analysis
Dune Analytics is among the most popular NFT tools currently available. It allows you to organize historical collection data and visualize it as graphs.
It is a top NFT tool because its basic functionality is free and there are no payment walls. You can use it to monitor floor prices on NFT collections, NFTs listed for sale and more. All functionality is available via a user-friendly dashboard.
Dune also allows users to create custom dashboards, so you can do deeper research before making NFT investments. However, you may need some technical knowledge to create your own dashboard. But it also has many usable dashboards created by existing members.
Features in Dune Analytics
- Functionality is not hidden behind a paywall
- Allows you to create custom dashboards for data analysis
- Provides immediate data visualization
- Supports multiple blockchain platforms such as Ethereum and Polygon
2. Nansen
Nansen is among the most popular and premium NFT tracking tools. It provides insights about NFT marketplaces and makes it easy for you to discover new NFT trends. It also shows NFT’s rarity across different collections.
It also provides detailed wallet address insight, especially those owned by crypto whales. This way you can track smart money and see where the whales are investing before a boom.
The only downside to Nansen is that it is a paid analysis platform. However, it is a must for any serious NFT trader.
Features of Nansen
- Premium analysis platform with advanced functions
- Allows wallet tracking
- Provides insightful NFT signals
3. Ice-cold tools
Icy Tools is considered number two after Nansen. It offers incredible functionality for cheap weekly passes and has a robust interface. It tracks the entire NFT ecosystem in real-time and shows changes in price, volume data, listings and more!
The biggest advantage of Icy Tools is that it is suitable for both beginners and experienced NFT investors. For permanent access to the tool, you can purchase Icy Founders Club NFT from an NFT marketplace such as OpenSea.
It also allows you to see a detailed transaction history by tracking your wallet. So if you plan to expand your NFT portfolio for cheap, Icy Tools is a good choice.
Features of Icy Tools
- Premium features at a lower price
- Makes it easy to snipe rare NFTs
- Essential tool for visual data
- Sends important notifications
4. CryptoSlam
CryptoSlam is advanced portfolio management and NFT tracking tool endorsed by Mark Cuban. It provides transparent information about the NFT market. Cryptoslam has a project database that tracks trending NFT projects and updates in real time.
You can track any changes in prices and NFT sales over 24 hours, 7 days and months. It also has an NFT calendar that tracks all upcoming NFT projects. If you are an NFT investor looking to stay ahead of the game, you can also set a timer on your NFT release calendar at CryptoSlam.
Features of CryptoSlam
- Daily blockchain and decentralized financial data
- NFT sales ranking metrics
- Ratings for NFT Collections
- Dashboard for popular NFTs
5. NFSea utility
NFSea Tools is among the strongest sniper tools and a versatile NFT tracking tool. NFT minting can be difficult due to high gas prices. NFSea Tools helps you determine whether upcoming NFT declines are worth it, making NFT investing easier.
You can also use the rank/rarity control to snipe tokens that are listed near the floor price. Overall, it provides fantastic NFT statistics with a watchlist that updates in real time.
Functions of NFSea tools
- A must for NFT enthusiasts
- Tracks real-time changes in floor prices
- Offers previews of NFT collections
The bottom line
All NFT analysis tools come with certain strengths and weaknesses. At the basic level, many free and premium tools offer similar features. So free tools can still be valuable if you are just starting out in NFT trading.
The significant difference between a free and a premium tool is how quickly the data is updated. Premium tools typically have no lag and update real-time data on the fly, allowing NFT traders to make big deals before others. They also come with some advanced features that free tools lack.
The bottom line is that NFT analysis tools are essential if you want to stay ahead as an NFT trader. The best traders regularly use these tools to stay profitable and to track new trends in the NFT space. The future of money is just beginning. If crypto is currency, NFT is its biggest e-commerce store. What do you think?
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