The NFT market is growing strongly, projects are launched continuously every day. Therefore, to save time choosing potential projects for investment, you need to equip yourself with a tool to track and search for NFTs. Here are the details of the 5 most popular NFT trackers on the market
Table of contents
- What is an NFT Tracker?
- How does the NFT Tracker work?
- Top 5 NFT Tracking Tools
- Should you use an NFT tracker?
NFT trackers are software programs that help investors track top NFTs from various NFT collections. These tools are specifically designed to track new and existing NFTs by rarity.
If you want to make any money from the NFT market, consider using NFT tracking tools to automate the NFT tracking process for you. Remember that new NFTs are created almost daily, which is why it is important to use software that can provide you with continuous monitoring.
This software can identify and analyze NFT collections before providing you with results. The information you get from these tools can help you make more informed investment decisions.
2. How does the NFT Tracker work?
By sorting through the collections available on the NFT market. From here, NFT trackers identify and analyze these collections to help investors understand which NFTs are worth the money. Remember that these tools are designed to focus on rarity, as the rarer the NFT the more valuable it is.
The best tracking tools will give you information on the protocol the collection is based on, current NFT volume, number of users and sales, recent collection activity, and an overview of NFT market. Having access to this information can make you a better investor by limiting poor investment decisions. It is also possible to check decentralized applications (Dapps) associated with the NFT collection using the NFT tracker.
Advantages of using the NFT . tracker
- Before you use an NFT tracker, there are several advantages and disadvantages to consider.
Advantages of using NFT Tracker
- The tracking is fully automated and will give you instant NFT stats.
- The majority of NFT trackers are completely free to use.
- Most trackers are reliable.
- Some NFT trackers also track cryptocurrencies.
- Disadvantages of Using NFT . Tracker
- Some tracking tools lock their best features behind the paid version.
- It can be a challenge to distinguish between trusted and untrusted trackers.
- It can take time to find the NFT tracker that best suits your NFT portfolio.
3. Top 5 NFT Tracking Tools
While there are dozens of NFT trackers available to you, the following list gives you a comprehensive guide to the 5 best NFT trackers in the industry.
OpenSea
OpenSea is a very popular platform that allows users to sell, trade, buy and track NFTs. While the platform is designed to be an NFT marketplace, it provides users with extensive tracking and analytics features. By using these features, it will be easier for you to determine which NFT you want to invest in.
Remember that NFT market and tracking features are available on one website. By visiting the Statistics page, you will be able to see the activity and ratings the NFT has in real time. Any NFT based on the Klaytn, Polygon and Ethereum blockchains is supported. The tracking features available with OpenSea are free to use.
The main reasons to use OpenSea include:
- Extensive filter options available
- More than just tracking tools
- Real-time analytics provided.
The only downsides of using OpenSea are:
- It may take time to get used to the interface
- Ethereum digital wallet is required to trade, buy or sell on OpenSea.
Rarity Tools
Rarity Tools is one of the most popular NFT tracking tools because of its extensive tracking and analysis capabilities. NFTs can be sorted by their average price, collection, and volume. The Rarity Tools website provides users with a separate directory for each NFT collection, as well as more specific properties for each individual NFT. Each NFT also comes with some rarity characteristics. And the best part about Rarity Tools is that all of its features are free to use.
Key reasons to use Rarity Tools include:
- User-friendly interface
- All NFTs have rare scores
- You don't need to download separate software.
The only downsides of using the Rarity Tool are:
- It doesn't offer as much analysis as some other tools
- It can take time to sort through the details of specific NFTs.
DappRadar
DappRadar is a great website designed mainly to help users track sales information from different NFT collections. A portfolio tracker was also added a few years ago to give users the ability to perform real-time monitoring on the Ethereum wallet. All you need to do is enter your ENS name or Ethereum wallet address to get information about your wallet's NFT balance and total net worth.
Along with powerful portfolio tracking features, DappRadar also allows you to filter your NFT collection by sales, volume, or traders, so you can track trending NFTs and track any sales. What number of sales occurred. DappRadar is free to use.
The main reasons to use DappRadar include:
- Powerful portfolio tracking capabilities
- Real-time monitoring.
The only downsides of using DappRadar are:
- Tracking tools are a bit limited
- Their website can be difficult to use.
BitDegree
BitDegree is a feature-rich website for tracking various NFT collections from the NFT marketplace. When you select a collection, you'll be presented with rich data that allows you to better understand the feasibility of investing in specific NFTs. Various filters and metrics can be applied to determine the most valuable NFTs.
Using this tool, you can create a personal portfolio where you can keep track of the NFTs you want to invest in. Currently, BitDegree is tracking over 350 collections from a number of different protocols. Remember that in-depth analysis is also available, giving you a better understanding of the market and how it works.
Advantages of BitDegree:
- BitDegree is completely free to use
- You can create a personal watchlist.
Disadvantages of BitDegree:
- Its website has a somewhat complicated design
- The tracking features aren't as accurate as some of the other options.
Crypto.com is possibly the most popular cryptocurrency site. It also provides users with some useful tracking tools. In fact, the most important information about valuable NFT collections is available with this platform. When you are tracking a particular NFT, you can get NFT statistics on volume and price.
When searching for the top NFT collections to watch and invest in, you can sort by floor price, sales, collection value, total assets, and volume. Crypto.com also lists upcoming NFT collections, allowing you to prepare your portfolio for future investments. Some additional information is displayed with each NFT collection regarding data on upcoming NFT drops, asset values and mint prices.
Advantages of Crypto.com:
- You can track crypto and NFT on a single platform
- All tracking features are free to use
- The website is intuitive and easy to understand.
Cons of Crypto.com:
- Tracking tools are not as comprehensive as some other websites and software
- Analysis is limited.
4. Should you use an NFT tracker?
Whether you are a beginner or an experienced trader, you should use the NFT tracker to determine the rarity of the NFT to make quick investment decisions. The most important aspect of building a strong NFT portfolio is to be as informed as possible. By gathering more information and data about each NFT you're thinking of investing in, you're more likely to make smart investments and avoid putting your money in less valuable NFTs.
Although manual rarity calculations can be performed, these take a considerable amount of time and are not always accurate. That's why an NFT tracker can become so essential. If you're still unsure about using an NFT tracker, consider testing a free tracker before using a paid tracker.
