NFT Market Floor Price Tracking Approach

•

NFT market is down in total. A lot. Except for Pudgies and Punks. 🐧 I spent some time working through a better way for us to collectively understand price movement in NFTs. More data below and explanation of methodology and interpretation 🧵 ↓

First of all, floor is a weird metric. So we do two things that seem to be best: ✔️ We treat the listings slightly above floor as the actual floor -- this avoids counting a fat finger ✔️ We look at the floor as a flat average of the hourly price over the last three days

The trends within a project for a floor price is interesting, but we need a comparison. So we've created volume segments to compare projects by. On the right, you'll see in this example... 0N1 Force is down, but bizarrely, is faring better on trend vs other projects in segment.

Now does this mean you should go buy 0N1 Force? No. If we start seeing people read it this way... I'll take it off Remember, if a project has taken its medicine and tanked 3-8 weeks ago... that will potentially make it look better on this comp. Okay, now for the best view...

Here it is: The Total Market view by Segment. 😮 We take the average trend within a segment and put it together on a single page. So what's it say? We are still in decline, but we aren't declining as much as we were... So maybe... We are getting close to bottom?

Feedback / thoughts always welcome... What frequency should I dump this? Daily feels like a bad read... maybe every 2-3 days. Thanks to the brilliant @rmas_11 for help making this turn key and doing the heavy lift.

You can read the unrolled version of this thread here: typefully.com/poof_eth/ZNxJEq4