Pro Trade

Short term traders in the NFT market require a different set of metrics to help them make better decisions. They are unlike investors or longer timeframe traders who have the luxury of time to step back and look at the broader market trend. Short term traders have to look at more local metrics, and in particular, metrics that are updated real-time. This is an underserved group of users within the NFT space, and NFTGo.io is here to provide solutions.

The Pro-Trade tool comprises of various metrics, that will help users to track

  • The latest trading transactions
  • Price distribution of listings
  • Power of buyers and sellers
  • Floor Depth of this collection

All of the above will aid users in determining the short-term trend of the collection, and allow them to choose the best time to buy or sell.

Let's take a deeper look into the features provided.

Dashboard

2562

Listed

This shows the quantity of NFTs within the collection that has been listed as a percentage. The chart beneath it reflects the changes in 24 hours.

A collection that has a low percentage of NFTs listed indicates strong hodling power within the hodlers. This usually indicates a strong community, with a large majority of people hodling, instead of selling. In general, it is beneficial towards the floor price given that the supply of the NFTs within the market is low. With this, traders would likely look towards buying into the collection and stand to profit from the rising floor price.

Listed at floor

With this metric, it is looking at items that are listed at:

Listed Price < 1.15 x Floor Price

The number of NFTs that fulfill the above criteria is then calculated as a percentage of the total collection size. Similarly, the chart reflects the change in this statistic over a period of 24 hours.

Should this percentage be low, it indicates that the sellers have a wait-and-see attitude and may have listed the NFTs at a price significantly higher than the floor price. This also indicates that these sellers are positive on the outlook of the collection and are expecting the floor price to increase. This sometimes provides an opportunity for short-term traders to buy from the collection and sell it for profit. Vice versa, once this percentage starts becoming higher, it indicates that the sellers are losing their confidence for the collection to increase in price, and are thus selling it near the floor price.

Listed & Sales Ratio

This features shows 3 metrics:

  • New Listings
  • Delisted
  • Sales

The number of sales is then shown as a percentage of the sum of the above 3 metrics.

% of Sales = Number of Sales / (Number of New Listings + Number of Delisted + Number of Sales)

This gives users a very good comparison of the total number of listings, against the number of NFTs being sold during a specific period of time (as customized by users). The strength of sales relative to that of listing could be a metric that users use to judge the price trend. When the sales is higher than the number of listings, strong buying volume is indicated, and traders might wish to buy in, to profit from the likely upward price trend.

Vice versa, when the number of sales pales in comparison to that of number of listings, 2 points can be inferred

  • People are looking to sell, increasing the selling pressure
  • Demand for the NFT is not strong
    These 2 points combined together are a catalyst for the floor price to drop. And this could be a signal that traders use to get out of their trade before the floor price crashes.

Listings & Sales Feed

The listings and sales are shown side by side. This is updated real-time and will allow short-term traders to identify particular NFTs that seems to be catching the attention of the market. These NFTs could be constantly listed and bought up immediately, and then listed for a higher price afterwards, all apparent through this feed. Should traders identify such pieces of NFTs, they may wish to purchase it and be part of the flipping. NFTGo.io makes this process seamless by allowing the purchase of the NFT to be done straight through NFTGo.io. This removes the need to have to toggle over to a separate marketplace in order to purchase the NFT, which could potentially cause the trader to lose out in profits given the time inefficiency.

2880

In addition, on the pro-trade page, users can filter Sales & Listing feeds and analysis charts based on traits. NFT prices are tiered based on some rare traits. By trait filter, Degen users can see Sales & Listing feed and data charts of the NFTs with the traits they are interested in, and thus help them snipe the NFT items. Also, this allows users to look up the historical sales prices of NFT with specific traits for easier reference.

2880

Trades Chart

Scatter

On top of adding in whale sales, volume bars are also available on this chart. These reflects the amount of buying pressure that enters the market. In some situation, increasing volume bars indicate increasing demand for the collection, and is a good signal for traders to buy the NFTs. When the volume bars are decreasing afterwards, it could be a sign that the market is no longer paying too much attention towards the collection. In this case, the trader can choose to close the trade.

1238

Candlestick

With the candlestick mode, the chart is linked to Tradingview chart. A seamless integration that removes the need for users to manually switch over to Tradingview, and constantly toggle between the different websites to get information.

1310

Floor Price

Track the trend of the collection's floor price over the stipulated timeframe.

1244

Floor Depth

The floor depth metric breaks down the unique listings based on the listing price. This gives users a reflection of the holder's confidence in the collection. This is a good visual representation of whether the collection items are being listed towards the floor. And this can also help users find out the 'selling wall' of this collection.

1248

Listing Trends

A visual representation of the number of listings vs number of listings at floor can be found here. When the listings at floor is extremely lower than that of the listings, it indicates the confidence the hodlers have in the collection, as they are willing to list their NFTs at a higher price. With such confidence in the collection, short term traders can consider entering a trade and purchasing the NFTs, and eventually selling it when the number of listings starts to decrease and dip below that of the listings at floor.

1234

One-Click Purchase

With the small collection size, coupled with high demand for certain collections, it becomes important for users to be able to make purchases quick enough. With a one-click purchase, users are able to make purchases a lot quicker, beating the market to it.