How Bingo NFT helps traders and investors analyze the market - Footprint Analytics

Oct. 2022, Vincy

Data Source: Footprint Analytics — Bingo NFT Overview

Bingo NFT is an NFT analytics platform built using the Footprint Analytics’ Data API. It provides a window into NFTs, with insights into the general state of the market and individual collection.

Data includes:

Total market cap
Trading volume
Buyer-seller volume
Market sentiment
Blue chip index
Potential NFT index
Wash trade index

The platform also includes a collection comparison tool that allows users to quickly visualize data about 2 projects side-by-side.

https://nft.footprint.network/nft/collection

*Bingo NFT — *Collection Compare

Data Tracking Metrics

Wash Trade Index

Wash trading inflates and distorts the trading volume in the market, misleading analysts and investors. In the Bingo NFT platform, data is filtered for wash trading, reducing one of the main obstacles for evaluating NFT industry projects and assets.

Blue Chip Index

The Blue Chip Index tracks the market cap of several well-known and relatively stable NFTs known as blue chips. A high index is one indicator of a strong market.

Potential NFT Index

The Potential NFT Index tracks popular and active collections that are still underneath the blue chip level.** **A high index score indicates that these potential NFT collections have increased in price relative to the market, indicating more speculative investment.

Example Use Case: Bored Ape Yacht Club collection analysis

Users can search for collections or click on one of the top projects on the Bingo NFT homepage.

Key Market Indicators for BAYC

The BAYC home page provides introductory information as well as basic data indicators, including project market cap, total number of project holders, latest trading volume and latest floor price.

As of Oct. 30, there are 10,000 NFTs in the BAYC project.

Project Market Cap: $1.3 billion

Total number of project holders: 6,399

Latest trading volume: $780,000

Latest floor price: $68.89

The majority of BAYCs were purchased significantly below the current floor price, indicating they have been held or on the market for a significant period of time.

BAYC Listings

Traits and feature analysis

The feature data below shows that BAYC has seven different combinations of features, including background, clothing, earrings, eyes, fur, hat, and mouth. Under each feature, there is a collection of sub-features that have varying degrees of rarity depending on how often they appear in the set. The number of total features also comes into play, as it does in BAYC, bringing the total number of “subfeatures” to 8.

A limited supply creates rarity and scarcity, driving value and demand. The number of BAYC traits is a community-specific attribute, with all “apes” receiving between 4 and 7 traits. There are currently only 254 apes with 4 traits, so “only 4 traits” increases their rarity and intrinsic value.

Traits Count and Traits

When you start looking at the attributes of apes, you can rank them according to rarity. In other words, rare apes are usually more expensive than common apes.

Single NFT history and data

By clicking on a single NFT within a collection, users can view the price of each pending order NFT, rarity characteristics, the number of past holders, the date of mint, NFT transactions and other information.

Through the data displayed on Bingo NFT, users can quickly identify opportunities and make faster and more informed decisions.

https://nft.footprint.network/nft/asset/Ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/232

About us

Bingo NFT is an NFT analytics platform built using the Footprint Analytics Data API that requires no user development and is user-friendly. It is hoped that users can use its various data to analyze NFT market trends, capture NFT search engine rankings, NFT rarity and NFT project comparisons, among other information. This allows for better discovery, purchase and evaluation of NFT assets.

This piece is contributed by Footprint Analytics community.

The Footprint Community is a place where data and crypto enthusiasts worldwide help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling world of blockchain. Here you’ll find active, diverse voices supporting each other and driving the community forward.

*Footprint Website: *https://www.footprint.network

*Discord: *https://discord.gg/3HYaR6USM7

*Twitter: *https://twitter.com/Footprint_Data