The NFT calendar tracks and aggregates incoming NFT drops, but what about the current state of the NFT market? Which NFT projects are rising or falling at a given time period? This is the job for OmniMint’s NFT Market Analysis Tool in the “Market” tab.
Highlighted Collections
If you want to glean market changes at a glance, click on the tab, and you will immediately see “Highlighted Collections” front and center. The main criteria for an NFT project to enter the placement is its trading volume.
For this reason, you will most likely see existing blue-chip NFT collections, or those that rise to become ones.
Alongside NFT titles, the highlighted section displays the floor price (in the middle) and daily volume percentage change at the bottom. If you need to see data for greater time periods, scroll further down to “Collections.”
Collections
Collections is your main filtering tool. There are seven categories to filter within:
- Previous floor price – Prev Floor
- Current floor price – Floor
- Daily trading volume change percentage – Change (1d)
- Average NFT price for the selected time period – Avg Price
- Trading volume in ETH value – Volume
- Number of sales – Sales
- Weekly trading volume in ETH value – Last 7 Days
Each of those seven categories has up and down arrow icons. Meaning, the up arrow filters from highest to lowest, and the down arrow filters from lowest to highest.
Case in point, if you want to filter collections by floor price, you would click on the up arrow icon for “Floor,” which is then color-highlighted to note the active filtering selection being implemented.
Additionally, each listed NFT project has its supply count under the hyperlinked title. Typically, those collections with a low supply count will have higher floor price, mirroring the economic law of supply and demand.
It is then no wonder that filtering for floor price — from highest to lowest — would yield Autoglyphs with only 512 items in its collection.
The second important tool is setting your time period for any filtered category. This is not a filtering tool per se, but more insight into already filtered categories. There are three time periods to choose from: 1d, 7d, and 30 days.
However, they will only affect the data of three categories: Avg Price, Volume, and Sales.
This makes perfect sense, as other categories are already fixed to their own time periods. Such a combination of tools — filtering and time period — is very useful for NFT flippers.
After all, their main concern is figuring out the trading volume of lower-priced NFT projects, but also needing to know how much liquidity the project has. The latter is revealed with the Volume and Sales category.
Lastly, “Last 7 day” category is intended as another convenient “glance over” tool without entering the project’s details by clicking on its hyperlinked title. When you hover over the histogram, you will see the trading volume, represented in ETH value, for each day of the week.
For example, hovering over Wednesday (third bar) reveals that BAYC had traded 1413.21 worth of ETH that day.
In conclusion, the “Market” tab follows OmniMint’s function through minimalism design philosophy to the letter. Play around with up and down arrows, alongside time periods, and seize your NFT trading opportunity.
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