What I realized by monitoring the Open Sea Top 100 daily
1. If you see a collection that has made +300% in volume and increased in price, it’s too late to buy it. Chances are, you’ll only take it on the hawks.
2. To find collections with hidden potential, it’s useful to look through the top 200 from time to time, that’s where you can pick up something interesting and wait that it will be in the first hundred.
3. Over time, you start to see patterns. Countless muves back and forth between Genuine Undead, the fall and rise of Azuki again. Similar story with Clone X. Now, supposedly, we’re waiting for Doodles to rise to 9-10 eth.
4. You start to see the adequate price of the collection. This takes time. For example, the drop to 0.9-1 eth Otherdeed was an obvious entry for me. It includes understanding, that below reasonable limits we will not go, and there only growth.
5. In the know of all the major movements on drops and secondary collections. As a rule, most of these collections are glimpsed in the top 100 in the early days. Personally, that’s a signal to me to take a closer look at the primary collection that was doing the drop (most of the time it drops temporarily). Invisibles and Clones are from the latter.
6. Observe the volumes in the top 3, how big they are or vice versa, to gauge the community’s interest in nft.
7. Analyze the degree of interest in Punk and the BAYC ecosystem. How many daily sales and what is the volume.
8. Not to miss the growth of a collection from your own portfolio. Relevant if you have a lot of NFTs and don’t keep track of everything. And here you saw in the top and the chance to plummet, well, and then you can re-enter at a lower price.