The trend of NFTs is constantly moving, with some collections varying their valuation indicators in the short term. Here’s how to keep up in the Non-Fungible Token sector.
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NFT Trend: the most popular collections and valuation indicators
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To evaluate the best trending NFTs at the moment, it is necessary to consider some indicators.
Such indicators are often offered by websites that aggregate information, managing to provide users with increasingly detailed insights on the most popular blockchain-based collections of the moment.
In fact, during this week, the platform CoinGecko defined the ranking of the top 7 NFT Trending, based on the highest percentage change of the floor price in the last 24 hours from the publication.
Source: CoinGecko Instagram
To keep this indicator updated, which will change every 24 hours, simply access the platform and clickc on 24h. In this way, the user can obtain the ranking of NFT trends in real-time, always based on the highest percentage change of the floor price.
On DappRadar, however, the ranking of the top NFT collections of the last 24 hours considers the Volume as an indicator, understood as “the fiat value of all NFT transactions in the time period”
If instead you click on Top Sales, the DappRadar ranking considers the NFTs sold in the last 24 hours, with the highest fiat sale price.
The platform ofNFT Price Floor, on the other hand, the ranking of trending NFTs primarily considers market capitalization and its changes in the last 24 hours.
In this case, on the podium, in first place is CryptoPunks with 465,900 ETH of market cap, followed by BAYC with 125,000 ETH of market cap and, in third place, the collection Pudgy Penguins with 87,973 ETH of market cap.
When the indicator is market capitalization, it is difficult for drastic changes to occur in the short term. On the contrary, other indicators such as floor price change or selling price or fiat currency volume in 24 hours can radically change the rankings drawn up.
NFT Trends: the rankings divided by category and by blockchain
For each data aggregation platform on NFTs, it is possible to select different filters that offer more targeted information, even on trending collections.
For example, a filter could be to choose a specific NFT category and display the rankings based on their floor price, or market cap, or Volume.
In fact, NFT collections are today divided into a multitude of categories, such as Games, PFP (profile picture), Sports, Metaverse, Collectibles, Music, Art, RWA (Real World Asset) and much more.
Note, however, that not all platforms offer the same NFT categories and the same subdivisions.
On the contrary, something that cannot be a subjective choice is the category of Blockchain to which the NFT collection belongs.
In this sense, it is possible to see the rankings of the trending NFT collections by blockchain such as Ethereum, Polygon, Immutable X, BNB Chain, and others, such as
OnCryptoSlam, it is also possible to immediately see the ranking of blockchains based on NFT sales in the last 24 hours. At this moment, the podium sees Ethereum in first place, followed by Bitcoin and then, in third position, Polygon.
Last April 22, thanks to CryptoSlam data, it was observed that the weekly sales of NFTs on Polygon had surpassed those on Ethereum, thanks to the sales of the Courtyard collection in the RWA category.
OpenSea and the request for regulatory clarity for marketplaces
Speaking of NFTs, last month, the famous NFT marketplace OpenSea submitted a letter to the Crypto Task Force of the US SEC, to urge clarity on NFT regulation.
OpenSea reportedly asked to eliminate the existing confusion in the sector, including the classification of NFT marketplaces as exchanges or as securities brokers.
Not only that, given the decentralization of the blockchain on which NFT buying and selling transactions occur, the marketplace cannot even be classified as a central authority that accepts or executes payments.
The final suggestion that OpenSea offers to the competent authority is to consider the idea that NFT marketplaces are just exploration tools.
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