Jakarta, Pintu News – The NFT market continues to evolve dynamically, featuring a variety of collectibles that catch the attention of investors and digital art enthusiasts alike. With various platforms providing up-to-date data, users can easily keep up with the latest trends and up-and-coming collections.
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Various platforms have developed methods to rate and rank NFT collections based on different indicators. CoinGecko, for example, uses the largest base price change in the last 24 hours as its main indicator.
By visiting this site and selecting the 24-hour option, users can see changes in NFT trends in real-time. DappRadar, on the other hand, rates NFT collections based on the volume of transactions in fiat over the last 24 hours. Also, if the Top Sales option is selected, the platform will display the NFTs sold at the highest price within the same period.
The NFT Price Floor uses market capitalization as a leading indicator. For example, CryptoPunks currently leads with a market capitalization of 465,900 Ethereum , followed by Bored Ape Yacht Club (BAYC) with 125,000 ETH, and Pudgy Penguins in third place with 87,973 ETH.
Market capitalization tends to be more stable than other indicators such as changes in base price or transaction volume. Significant changes in market capitalization are rare in the short term, but other indicators such as changes in base price or selling price can drastically change the ranking in a short period of time.
Also read: 3 Crypto Whales Hunted When Bitcoin Breached $105,000!
Users can select filters based on specific NFT categories to get more specific information from the data aggregation platform. These categories include Games, PFP (profile picture), Sports, Metaverse, Collectibles, Music, Art, and RWA (Real World Asset). However, not all platforms provide the same categories or similar divisions.
CryptoSlam allows users to view blockchain rankings based on NFT sales in the last 24 hours. Ethereum (ETH) is currently in the lead, followed by Bitcoin and Polygon. Back in April, Polygon recorded higher weekly sales than Ethereum, mainly thanks to the sale of Courtyard collectibles in the RWA category.
OpenSea, as one of the leading NFT marketplaces, recently submitted a letter to the Crypto Task Force of the US SEC, asking for clarity on NFT regulation. They highlighted the existing confusion, including the classification of NFT marketplaces as exchanges or securities brokers.
OpenSea suggests that the NFT market should be seen as an exploration tool, rather than a central authority that receives or executes payments.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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