Understanding NFT Analysis Tools

As of 2024, with the explosive growth of the NFT market, the need for robust NFT analytical and tracking tools has become more and more inalienable. Whether an investor, collector, or marketer, data-driven insights will steer through this fast-moving, often volatile space. In this article, we’ll be covering some of the newer and more in-depth NFT analytics tools, including but not limited to Dune Analytics, Nansen, NFTGo, and other newer entrants like Oxalus and Trait Sniper. Each of these tools offers unique features: real-time market tracking, rarity assessment, and historical data analysis. That way, the user can better understand the market trends and business opportunities.

Tracking Tools for NFT

NFT tracking tools bring insight into the movement of NFT markets, which can be used to track value, ownership, and transaction histories across many blockchain networks. The core features common to most of these tools include the following:

Real-time market analysis: Stay current with the latest price movements and sales.

Rarity assessments: Services like Rarity Sniper and Trait Sniper provide rankings of the rarity of NFT traits to help collectors find underappreciated NFTs.

Portfolio management: Some portfolio management platforms, like Icy. tools and NFTGo, allow users to track their NFTs held in multiple wallets on blockchains. This will make it easier to monitor the performance of individual assets.

Historical data tracking: Users can use tools like Dune Analytics to analyze in-depth historical data to help make investment decisions.

How NFT Tracking Tools Are Used
NFT tracking tools mainly provide complete data and insights into the markets for NFT traders and collectors. Through platforms like DappRadar and Crypto.com, users can track real-time sales and historical transaction data of their choice and get insight into the most active wallets and collections. These tools also let users identify market trends, manage portfolios, and receive alerts upon significant changes.

The Best Tools for NFT Tracking and Analytics in 2024

Dune Analytics
Through its customizable dashboards and SQL-based querying, Dune provides the power and flexibility needed by users who need a high degree of customizability. Support for various blockchains, such as Ethereum, Binance Smart Chain, and Polygon, provides deep analysis of various NFT markets.

Nansen
Nansen has cast a spell of wallet analysis and tracked the “smart money” movement. It’s a godsend platform for tracking the most active wallets and knowing which NFTs high-profile investors are trading.

NFTGo
NFTGo has recently gained popularity due to its real-time analytics and rarity tracking. It supports several blockchains and features different tools for discovering upcoming NFT collections and trends. Its portfolio tracker will be handy for monitoring the value and performance of NFTs across various networks.

Oxalus
Although a relatively new entrant, the platform provides deep analytics for NFT collections on hidden gems and upcoming minting opportunities. It allows users to track NFTs on multiple chains and builds up a comprehensive market view combined with community engagement metrics.

Icy.tools
Icy.tools is widely known for its friendly user interface. It tracks NFT collections by giving insights into floor, volume, and average selling prices. It lets users identify trends by viewing recent activity and discovering new collections.
Trait Sniper

Trait Sniper has ranking tools for rarity-focused traders that allow for the swift identification of underpriced NFTs. It is considered one of the favorite tools for “sniping” rare NFTs since it provides notification the minute one gets listed for cheaper.

Moby
Moby provides real-time data on NFTs, focusing on speed and delivering alerts about the most valued high-volume NFTs within 10-60 minutes. The ranking system helps users find valuable contracts sooner.

Conclusion

Analysis tools will become increasingly necessary for any decision-maker who aims to make knowledgeable decisions in constantly tracking new drops or analyzing rarity and market trends as the NFT market continues to evolve and mature. As mentioned, the tools provide complete solutions for novices and experienced NFT enthusiasts. Advancements in AI and machine learning are used to make better prediction models, further interoperability between blockchains, and a better UI, which will make the NFT investment experience easier and more seamless in the coming year, 2024.