Get on the next wave of NFT hype before it goes wild
NFT collections on Solana have been grabbing more attention lately as admirers of digital collectibles start to explore NFTs outside Ethereum. While some are on their way to becoming the first blue-chip collections on Solana with a $20,000 price tag, others sell for less than $500 and could join the current popular ones soon.
Using the leading Solana NFT marketplace Magic Eden we can zoom in on specific collections that are attracting high levels of seven day trading volume. A sign that a collection is catching interest as buyers and sellers trade them. Notably, we will zoom in on projects with an average price range between 1 and 6 SOL which at writing places the budget between $82 and $492.
The following is not investment advice, but rather a guide on how to spot prospects using solid data metrics. This method can be repeatedly applied to the Magic Eden analytics explorer to find the latest prospects under $500. Simply filter by trading volume and highlight projects in an appropriate budget. The price of SOL at writing is $82 and projects are listed in order of the highest seven-day trading volume first.
Collection of 5,000
Average Sale Price last 24HRS: 3.48 SOL / $285.36
7 Day Trading Volume: 27552.19 SOL / $2,259,279
Collection of 8,888
Average Sale Price last 24HRS: 4.46 SOL / $365.72
7 Day Trading Volume: 18378.37 SOL / $1,507,026
Collection of 3,333
Average Sale Price last 24HRS: 5.51 SOL / $451.82
7 Day Trading Volume: 12263.38 SOL / $1,005,597
Collection of 5,555
Average Sale Price last 24HRS: 4.65 SOL / $381.30
7 Day Trading Volume: 9507.89 SOL / $779,646
Unknown collection size
Average Sale Price last 24HRS: 4.91 SOL / $402.62
7 Day Trading Volume: 9316.20 SOL / $763,928
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in various cryptocurrencies, including BTC, ETH, and RADAR.