How to Track NFT Collections and Whales to Find Potential Alpha?
0xFE0d
July 4th, 2022

There are hundreds of new projects coming out on the market every day and thousands of legit projects already exist. But most people only want to focus on a few projects at a time. Similarly, there are certain wallets (e.g. whales) that people want to follow. However, it is time-consuming to jump from one project or address to another and you may miss important alpha info.

NFTGo.io launched the watchlist feature, which helps you:

  • Manage and track collections that you plan to buy, are interested in, or already own;
  • Follow and track addresses (e.g. smart money & whales);
  • Follow and track NFTs;
  • Discover other people's watchlists.

Let's dive in!

Build Your Collection Dashboard

Imagine that you have 5 potential collections in your mind and wonder which one to buy. With our watchlist, you will be able to add all these collections to a dashboard. There are some key metrics displayed for each collection added to the dashboard, including market cap & volume, floor price trend, whale activities, blue-chip holder activities, etc. By comparing each collection's key metrics, you will get insights into the collection with the highest trading volume, the collection with an uptrend floor price, the collection with the most long-term holders, and more.

If you already bought NFTs in some collections, you can also add them to your dashboard. Besides key metrics, tracking whale and blue-chip holder activities for each collection will help you find buy or sell signals faster. The activity section not only includes on-chain activities (e.g. sell, buy, mint, transfer, etc.) but also Mirror content posted by whales and blue-chip holders. Let's say you find a lot of whales are selling NFTs of a collection you are in. This may be a good time to consider selling yours as well.

NFTGo.io Watchlist - Manage and Track Collections
NFTGo.io Watchlist - Manage and Track Collections

Follow Smart Money

Tracking smart money activities is also a good way to find alpha. Our watchlist enables you to manage and track multiple addresses in one place. Similar to the collection dashboard, you will be able to find key metrics of each address, including est. holding value, holding value, profit and loss, etc. These key metrics help provide a snapshot of the recent performance of these addresses. If you are looking for potential collections to buy, you can discover collections the smart money holds and collections they recently bought. And you can follow their recent activities to find buy or sell signals.

NFTGo.io Watchlist - Manage and Track Addresses
NFTGo.io Watchlist - Manage and Track Addresses

Let's take nftpres.eth as an example, imagine you added this address to your watchlist and you found that the person bulk purchased a ton of Moonrunners today and even during the past 2 days. Given that you have followed and trusted this person for a few months, you should probably pay more attention to this collection. If you are still unsure whether it is a good time to ape in, you can add Moonrunners to your watchlist and wait for buy signals. For example, if you find a few whales and blue chip holders are selling Moonrunners NFTs, it is probably not a good time to buy at that moment.

*Note: the above example does not constitute any investment advice.

Watchlist Example - Address
Watchlist Example - Address
Watchlist Example - Collection
Watchlist Example - Collection

Another trick to finding alpha is to follow other people's watchlists. If you find a collection that is added to a lot of watchlists, then it probably means this collection has the potential to grow. Or an even smarter way is to follow the watchlist of smart money. The collections they are following are more likely to become alpha.

Create Your NFT Dashboard

NFTGo.io's watchlist feature also enables you to track NFTs in one place. If you have preferences for NFTs (e.g. rarity score, style), you can add them to your watchlist and wait for a lower price to buy.

NFTGo.io Watchlist - Manage and Track NFTs
NFTGo.io Watchlist - Manage and Track NFTs

About us

NFTGo.io is an NFT data and trading aggregator platform that enables users to analyze the NFT market data and make transactions in one place. NFTGo.io offers a wide range of powerful analytic tools and features including NFT market trend and analytics, real-time listings, rarity, whale tracking, watchlist, drops calendar, and many more to help users discover, purchase, and evaluate valuable NFT assets.

NFTGo.io aims to be the gateway to the NFT ecosystem and takes pride in enabling Web3 data accessible to the masses. Empowered by a high-performing data acquisition engine, NFTGo.io delivers real-time on-chain data and professional market insights to make it a seamless experience for everyone who joins the ecosystem.

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Note: The above information is for informational purposes only. Investing in digital assets such as NFTs and cryptocurrency brings with it a high degree of risk. Please consult with a financial advisor before making any investment decisions. NFTGo.io does not provide financial advice and is not responsible for any losses incurred as a result of investing in digital assets.

Arweave TX
JCg6zIw0N4OLV_c95EOUJ-boM1XlWF4H3QzG8-2dBc0
Ethereum Address
0xFE0dfc1662E5836F49ad5686A93525efB37Ef818
Content Digest
pTCGqxhj1DtALY2w3ouFysCXZDg0uGucV04_rjCEhts