How to find new NFT Projects - featuring the best nft app NFT Release

NFTs might be the hottest topic in the cryptocurrency sphere. While it is a relatively new branch for investors to make serious profits, it is already drawing a significant amount of buzz with collectors willing to pay huge amounts of money for TOP upcoming NFT projects.

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The best time to buy an NFT is when new projects are just getting off the ground, which means you have a major advantage if you manage to get on the whitelist. Learn how to find new nft projects with Coinboosts.io. They will teach you different ways of finding the best new NFT projects. There are new nft projects coming out every day so no worries, you haven't missed the train.

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One of the first things to realize about the NFT market as a trader is the importance of what it means to trade NFTs compared to cryptocurrency or stocks. In the industry of NFTs you are most likely competing with people just like you, meaning you’re not competing with banks, hedge funds, algorithms etc.

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The most straightforward way to achieve success in trading NFTs is to have a robust trading strategy. This is where an average NFT trader will make mistakes for not having one, ending up in losses. They tend to trade quickly, wiping out any gains they might make with the gas fees, or HODL (“Hold on for dear life”) which results in never selling they’re NFT, riding a dead collection. 

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NFT release App

An effective tool for the enthusiasts is the convenient NFT release app NFT drop calendar. It serves a direct application for investors to find upcoming nft projects. NFT tracking with the app is easy. They have a upcoming nft drop calendar integrated with Google & Apple calendar. Additionally, you can find a concise summary of all already launched NFT collections that have a potential of blowing up. You can browse between different projects and find all the important information regarding the collection from NFT Release app. You can check it out here.

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NFT Trading Strategies

Key elements on finding a profitable NFT to put your money in is to understand that NFTs are 99% of the time about hype. Along with hype it is attention that governs the price. Unique projects are launched almost every day with celebrity backing, amazing utilities, innovation and crazy art. So having an insight of what collections people are interested in (and knowing it early) is a competitive advantage. 

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There are separate strategies for different situations, for example you should use a distinct plan of action for when the floor is going up, down, or moving sideways. The effectiveness of each strategy is inversely proportional to how many people know about them and use them.

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Strategies for when the floor is moving up

1. Floor hunter

If the floor is rising, you’ll often find yourself getting out-gassed for any floor-priced NFTs. Unless you own a bot and are fine with spending extra gas, it is recommended to shoot for NFTs 10-20% above floor price. The reason behind that is simple. If floor transactions fail, you still have to pay gas fees.

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2. Straggler sniper

If a collection has experienced a piercing drop, NFTs are listed at a certain price which might’ve been fair relative to rarity at the time of listing. Nevertheless, as the floor goes up, people tend to be slow to update their listing, which creates a good opportunity to snatch something unfairly cheap.

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3. Arbitrage (average vs floor)

It is very common for the floor price of a collection to move, but the average remains roughly the same.

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1. Floor moves up, the average stays the same.

Any listed NFT that was fair priced before the floor movement is now cheaper. Grab up any of those NFTs listed before the movement, quickly re-list at the new fair market value which will guarantee you an easy flip.

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2. Floor moves down, the average stays the same.

The current floor NFTs are cheaper compared to the average, meaning it would be a good time to enter at floor, or exit at average, depending on the market condition for the specific collection.

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Strategies for when the floor is dropping

1. Floor hunter

People are sensitive, especially when there is money involved. They tend to panic and list below floor price to exit the market to prevent the risk of selling for less. This is an excellent opportunity to take advantage of.

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2. Rarity floor sniper

Since looking up rarity is time-consuming, it is a bit less accessible to most people. The faster you are able to know the rarity of an NFT, the more of an advantage you have. Keep in mind that this strategy assumes a direct correlation between rarity and the price.

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3. Paperhands hunter

As people get more nervous about the fact that they’re NFT won’t find a  buyer on the secondary market, they tend to list their NFT lower and lower. These are tokens to put on your watchlist since there is a possibility to find a beneficial deal.

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Strategies for when the floor is flat

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1. Liquidation hunter

Sometimes people need to immediately liquidate their NFT, resulting in listing is way below floor. It is an amazing chance to find an extremely cheap NFT before everyone else.

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2. Paperhands hunter

When there is no movement in the market, people get nervous since the collection has remained flat for several days. Look out for anyone constantly reducing price - it is an easy flip for when the volume returns.

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Strategies for event-based NFTs

1. Mint

When a collection first goes on sale, the following strategies are recommended.

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1. Whitelist

It requires a lot of work as it involves being an active community member for the NFT collection. You need to contribute to inviting people to the project or being vocal on their social media which is a lot of effort.

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2. Mint bot / gas bot

This strategy requires a lot of luck. Many collections have only a limited amount of tokens available compared to their demand. You can increase your odds of securing an NFT by using a gas bot which will automatically increase gas until the trade goes through.

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2. Rarity reveal

Many popular collections reveal their actual art after the grand launch. Before that, every NFT visually looks the same. As the reveal date approaches, the floor will quickly diverge. The rarer tokens will be listed higher while the common tokens will get listed for half their worth, if not less.  There are two strategies to take advantage of.

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1. Mispriced tokens

Many NFTs will remain listed through the reveal, which increases the chance that an extremely rare NFT is listed for a ridiculous price. 

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2. Cheap tokens

It is common for the floor to decrease shortly after the reveal. If you weren’t able to mint at the right time, it is your chance to buy a few cheap NFTS (if you’re bullish about the collection).

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Remember, this is not financial advice. Every decision you make will have consequences. Therefore, you should always have a reason for why you’re deciding to follow any of the mentioned strategies.

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Find more about the NFTrelease App:

https://nftrelease.app/