I have recommended Caesar Ape in the group before. At that time, it was still in the freemint state. One account could mint up to 20 blind boxes. At the highest, one blind box was worth 0.15ETH, and 20 were equivalent to 3ETH. Now that the blind boxes have been opened, the prices are based on the attributes. The cheapest is around 0.1ETH, and those with good attributes have been sold for 5ETH. The official announced yesterday that the address holding Caesar Ape will receive an airdrop of land.
In the current market situation, it is difficult for the traditional cryptocurrency circle to stir up any waves, and there is an extreme lack of stories. The old investors have grown up after experiencing the extreme situation in the past few months, and the door to the new investors has been completely closed in the short term due to the traditional snobbish intimidation of web2.0 and the market situation. Under the current situation of silence, NFT is developing in full swing. Driven by the Bored Ape, various NFTs have appeared one after another. Not only the ETH chain, but also other public chains such as Solana have taken on a lot of NFT traffic.
In the following period, it is a good time to invest in the NFT field. First, the market is pessimistic. Bitcoin has fallen for eight consecutive days, the first time in history. Second, Ethereum's gas is extremely low. I have observed that the current average gas is around 25-30, with the lowest from 2 to 5 pm every day, and the lowest can reach around 10 on weekends. Compared with the previous minting of a picture, which cost hundreds of dollars, it is now almost free. Therefore, I also recommend that friends who were reluctant to spend gas fees before can take advantage of this time to mint a few NFTs they like, which can also be regarded as participating in this track. Many project parties will also choose freemint at this time to attract traffic.
How to choose to mint an NFT? Now, many NFT projects are similar to those coin-issuing local dog projects. Some people have developed a website for issuing NFTs with one click. In addition to the uneven quality of projects, the liquidity of NFTs is much worse than that of ERC20 tokens. The K-line of ERC20 tokens is generally a gentle decline or rise, and NFTs are small in number and have no LP pool, so it is difficult to judge when a crisis comes. For example, if you only need to trade a few orders a day on Opensea, it will be difficult to find the abnormality of the project. You can place an order at a high price on your left hand and buy it with your right hand. Then, when promoting it, you can hype that the transaction at an expensive price will cause fomo sentiment. If the average price is 1ETH, and suddenly someone places 0.5ETH, then the floor price will be immediately pulled to 0.5ETH. These are all caused by the special properties of NFTs. That is why we need to use some websites to analyze the data when judging NFTs.
Before talking about the tools, let’s make a few intuitive judgments.
1. Do you have a website? How is the website design?
2. Do you have a Twitter, Discord, Telegram, etc.? How active is it?
If none of these exist, and the project owner doesn't have any celebrity support, then basically you don't have to worry about it, as it is likely a temporary funding scheme.
There are many NFT tools on the market now, but most of them are not useful to ordinary people. I will share a few that I often use.
There is an NFT
It has plugins and web versions
Currently, the plug-in only supports opensea. After installing the plug-in, there will be a very intuitive data reference when purchasing. I opened the freemint project goblintownwtf that has been popular in the past two days (I also missed this. At that time, there was a freemint push, but I saw it was too ugly and didn’t study it seriously. Now the price has gone up, and the more I look at it, the more artistic it seems. This may be human nature.)
After installing the plug-in, you can see that the opensea page has some more data in the red box. The first one is the proportion of addresses holding blue-chip projects. The higher the proportion, the more recognized the project is among old players. On Sale shows the ratio of the number of listings to the total number. Projects with a proportion greater than 10% indicate that there are more sell orders and many people are cashing out. Because the goblintownwtf project is freemint, a lot of free chips will be issued, and the departure of paper hands will be beneficial to the later development of the project to a certain extent.
The red box in the single NFT above shows the rarity ranking. With these indexes, everyone will have an objective reference when purchasing. However, as NFT is a non-fungible token, it mainly depends on your personal preference.
The web version has richer content, and advanced friends can study it. The page below can query the recent NFT transaction volume and popular mint projects within 15 minutes.
In the Holders section, we can look at the cost price of the big players' purchases, and then look at the shelf rate. If the shelf rate, that is, the number of people selling, is not large, and the cost starts to be lower than the purchase price of the big players, then it is a good entry point.
This website can almost tell you the status and transaction status of a project. There are many similar websites, but I found that this one is relatively comprehensive.
Gem.xyz
This is a batch trading tool. Purchasing and listing on opensea need to be done manually one by one, and it often freezes or even displays errors when traffic is heavy. Therefore, if you are trying to grab some popular projects, you may fall behind if you use opensea.
Gem.xyz is equivalent to an NFT aggregator, and you can also follow hot trends on it, but the most important function I use it for is batch listing and sending.
Select the NFT you want to list, then click "Proceed to LIst" on the right, and then enter the bulk pricing stage.
Gem.xyz now supports one-click listing on three platforms: Opensea, Looksrare, and X2Y2. As can be seen from the figure, X2Y2 has the lowest handling fee. Once the price is set, you can list on multiple platforms with one click.
The batch sending function operates similarly, and multiple NFTs can be sent to a specified address at once. These features not only allow you to purchase quickly, but also save a lot of gas fees when transferring NFTs.
acnft
This domestic website for monitoring NFTs is very practical for those who like freemint. It can also intuitively monitor which projects have been minted crazily recently. I won’t introduce this website in detail because it is made by Chinese people. Each category is very clear and easy to understand. You can understand it by opening it.
A special reminder: when playing with NFT, those who especially like to use Freemint should apply for a new wallet and put some ETH in it as gas fee. If the profit accumulates to a certain amount, transfer it out.
It is enough for novice players to study these three tool websites carefully. I will share some good tools in the community later. Those who have not joined the community can add the teacher’s WeChat, learn and improve together, and seize the hundredfold opportunity in the NFT market.
