When you first enter the NFT market, you may be confused by the variety of NFTs. You may not know how to buy or which trading strategy to use NFTGo.io 101 will bring readers a series of NFT trading tips and notes. We hope you can have a pleasant NFT journey.

NFT Minting Tips: Find a good project to start

【1】Create a mint wallet that is separate from other wallets. An independent wallet can protect the rest of the assets from encroachment.

【2】Where can you find upcoming projects to mint? NFTGo.io's drop page is an excellent place to find them.

【3】You can directly check out the project's twitter, website and discord on NFTGo.io. Here are some metrics: the number of active users on Twitter, the design of the website, and the heat of their discord. Most importantly, remember to evaluate the social influence of the projects. How many people are talking about the NFTs? Are there any renowned KOLs or investors supporting them?

【4】Before Mint, follow the mint project and observe the secondary market. Observe Mint speed and whether the secondary market floor price falls below Mint price; If the number of minters increases rapidly in a short period and the price of the secondary market increases with a high trading volume, it means that the project is very hot. Participants are in FOMO and it may be a good time to join.

【5】Flip strategy is also important after you've minted the project. Generally, after minting more than one NFT, during the FOMO period of the project, some people will choose to sell some first to recover expenses, and then they can wait for a suitable moment to sell the others for a higher price.

【6】Minting directly in the contract can prevent frontend phishing. After getting the contract address of the project from the Mint contract, log in to the Ethernet official website and search the address to find the Mint column.

【7】Do not click on OpenSea Personal Profile drops. Fake drops may lead to phishing links.

NFT Trading Tips: Use filters and bidding to flip

【1】Get familiar with the valuation of NFT collections, such as what traits will be more rare and valuable. For example, in the BAYC, "Solid Gold" and "Blue Beams" are very rare traits. These rare traits are big factors in determining the price of an NFT. What you need to do is to find the potential of an NFT when others underestimate its value.

【2】We can check the latest NFTs by using NFTGo.io's filtering function, select "Buy Now" in the filtering options, and you can see all the listed NFTs in the mainstream marketplace, including OpenSea, X2Y2, LooksRare, and more.

【3】How to buy the cheapest one? You can use the filter to sort all of the NFTs from lowest to highest price.

【4】If you want to look for NFTs that may be undervalued, rarity should be one of the factors to consider. For example, the first NFT has only a 1.05% chance of having "Girl's Hair Pink" which is a rare trait. The other one ranks in the top 500 among all the rarity platforms. Then you can estimate their real value compared with all other apes. Whether they're rarer when two apes are listed at the same price. You can also refer to the floor multiplier of each trait sheet produced by @boredape93 (NOTE: Not Financial Advice)

【5】Be aware of the market trends. Some people are in favor of apes with fewer traits, which are simple and clean. Therefore, you can select the trait counts as you like. Meanwhile, sometimes the community will redefine the value of some traits that they are favorite, such as "Lazy eyes," "Solid Gold," and "Blue Beams."

【6】Meanwhile, make use of the bidding function. It will save you money to make a deal if the seller agrees. After buying an undervalued NFT, you can resell it on different trading platforms at a reasonable price and try to flip it.

【7】Be aware of liquidity. In the bear market, many projects will go to zero liquidity and it's hard to sell out in a FUD period. Therefore, if you want to flip some projects, choose the category and project that has the most liquidity. That's why people always say "sell the news." When some big news comes out, it often brings with it high liquidity.

【8】Diversify your investment portfolio. Usually, one can allocate their capital wisely among new, small-cap, middle-cap and, blue-chip projects. On the one hand, new projects may bring higher ROI. However, new projects may also be more risky and lack liquidity in a bear market. It is worth noting that everyone must pay attention to risk control when participating in NFT trading.

It is worth noting that the article does not constitute financial advice. The market involves risk, please consult your financial advisor before buying.