It's undeniable that the NFT space offers lucrative opportunities. However, it's also possible to lose money. To maximize profits, it's essential to understand the market dynamics and know when to invest and when to exit, especially in uncertain and volatile conditions.
This report aims to provide on-chain tools to aid in timing NFT market bets. We explore possible on-chain indicators and predictive metrics for swings in the overall NFT market. Additionally, we examine connections between on-chain data and floor price movements.
The report is structured along the following steps:
- Establishing how we understand “the NFT market” and looking at floor price movement correlation within the top NFT collections
- Looking at...