NFTGo Indicator Upgrade: Discover Alpha through Blue Chip Indicators and Holder Trends
Blue chip projects refer to those that are stable in development, have high recognition, and are likely to maintain or increase their value over a certain period in the future.Author: NFTGo
The Blue-Chip Metric and Holder Trends Metric are important data indicators for analyzing whether an NFT project is successful. Through the Blue-Chip Metric on the NFTGo.io website, supplemented by data from whale users (including whale counts), users can understand the holder situation of different collections from multiple dimensions and make informed investment decisions.
Blue-Chip Metric
What is a Blue-Chip Collection?
A Blue-Chip Collection (specific projects are listed at the end) refers to projects that are stable in development, highly recognized, and likely to maintain or increase their value over a certain period in the future. Blue-Chip projects are selected by the NFTGo team based on the following two principles:
- The trading volume ranks among the top collections on NFTGo across all time periods, and has maintained a high floor price over the past month.
- Leading projects in secondary classification fields, such as PROOF Collective in the NFT utility and PASS field, Nouns in the CC0 protocol, and The Sandbox LAND or Decentraland LAND in the metaverse field.
Want to know more about Blue-Chip Metrics? Please visit: https://nftgo.notion.site/Blue-Chip-c53472fa68c845e29835cf683955fa4e
Blue-Chip Index
The Analytics/Overview Page of NFTGo has added a "Blue-Chip Index" section, which calculates the market capitalization of blue-chip projects to assess the market performance of blue-chip NFTs.
Data Source: NFTGo.io
Blue-Chip Project Holders and Ratios
In addition to the "Blue-Chip Index" section, the Analytics/Top Collection Page has added new data indicators to count the number of blue-chip project holders and percentage changes, assess the blue-chip ratio of different collections, and allows one-click ranking to view the projects with the highest blue-chip ratios.
Note: Click "Customize" to display blue-chip metrics in the list.
Data Source: NFTGo.io
Blue-Chip Projects
To help users quickly identify, we have set special markers for blue-chip projects.
Data Source: NFTGo.io
How to Find the Next Alpha?
Potential Blue-Chip Projects
By calculating the "Blue-Chip Project Holders" and "Whale" metrics, we can preliminarily predict whether a collection has the potential to become a blue-chip project. For a more accurate prediction, we can compare the holders of this collection with the holders of blue-chip projects to analyze whether there are overlapping holders between the two collections.
For example, if you are hesitating between the FEWOCiOUS x FewoWorld and Kaiju Mutants NFT projects and don't know which one to buy. By comparing the data, it is clear that the number of holders and floor prices of both are quite similar, but among the holders of FEWOCiOUS x FewoWorld, the proportion of blue-chip project holders (33.03%) and whales (1.81%) is significantly larger, and the number of users holding blue-chip projects like CLONE X, Cool Cats, and The Sandbox is also greater compared to Kaiju Mutants NFT.
Note: The above example does not constitute any investment advice.
Data Source: NFTGo.io
Holder Trends Metric
To provide users with a more intuitive interactive experience, we have launched an upgraded holder chart, adding a "Blue-Chip Project Holders" section, allowing users to analyze data on whales, blue-chip project holders, and general holders in one interface.
Bored Ape Yacht Club; Data Source: NFTGo.io
Additionally, we have changed the "Holding Amount/Period Distribution" chart from a pie chart to a line chart, helping users analyze the trends of holders over different time series. For instance, if a project has many long-term users and its development trend is overall positive, its long-term value may be relatively stable.
Bored Ape Yacht Club; Data Source: NFTGo.io
Bored Ape Yacht Club; Data Source: NFTGo.io
At the same time, the bottom of the holder data interface has added sections for "Top Holder Rankings," "Whale Rankings," and "Blue-Chip Project Holder Rankings," helping users analyze data from different categories of holders, assess the investability of projects, and assist users in generating investment profits.
Bored Ape Yacht Club; Data Source: NFTGo.io
NFTGo has long been committed to building a transparent and efficient Web3 community, enhancing data analysis capabilities, and continuously serving users and partners. If you want to communicate with our team, please join our Discord.
Currently, we have selected a total of 18 blue-chip projects (updated quarterly or during special events), which are:
CryptoPunks
Bored Ape Yacht Club
Mutant Ape Yacht Club
CLONE X - X TAKASHI MURAKAMI
Meebits
The Sandbox LAND
Doodles
Cool Cats NFT
CyberKongz
World of Women
Decentraland LAND
VeeFriends
Azuki
Bored Ape Kennel Club
PROOF Collective
Nouns
Otherdeed
Moonbirds
