Many nft collectors, crypto traders, and entrepreneurs struggle with adequately being able to track nft floor prices to find the ideal selling opportunities due to:
1. Lack of Understanding: Collectors aren’t clear about why they need to track NFT Floor Prices to successfully flip (buy low, sell high) rare non-fungible tokens.
2. Inefficient Data Processes: It’s challenging to get all the data you need automated, in one place, and easily accessible in a refreshed, usable format.
Learning how to track nft floor prices doesn’t have to be complicated. We’ve compiled a list of the five best NFT floor price tracking tools on the internet, which could help you identify winners quickly and monitor your collection’s value over time. They help you solve these common problems nft collectors face every day.
First will explain why the nft floor price is one of the essential crypto metrics you could analyze when buying into a digital collection. Then, we will take you through which tools we recommend and the pros/cons of each offer.
Let’s dive in:
NFT Floor Price Explained – Why it Matters & How to Use it
An NFTs Floor Price measures the overall health while trade volume measures popularity. More specifically, an NFTs Floor price is the lowest amount an NFT can be sold for and determined by holders listing it on a secondary marketplace.
For example, if a holder looking to sell the NFT lists it for .02 ETH and the rest of the listings for that nft collection is at .4 ETH or above, that new listing amount of .02 ETH would be considered the new floor price. So it’s not an average; it’s a minimum of the asking price for that digital asset.
Projects with a long-term focus that deliver on their roadmap commitments and develop more partnerships will inevitably increase floor prices.
What Does Floor Price Mean in the NFT Space?
The ‘Floor Price’ refers to the lowest price rather than the average price of an NFT.
What nft traders and collectors look for is when multiple non-fungible tokens sell at the same floor price. Like our example of .02 ETH, if there were 2 to 5 NFTs selling at that price, then when a new listing offers .01 ETH, it’s a deal. It’s a common scenario where flippers will look to get rid of an NFT digital asset they don’t want anymore and sell it fast; they’ll list it below the floor price.
It’s also called selling NFTs at a discount.
Like the above example, other scenarios happen when multiple NFTs sell at the same floor price.
For example, if a buyer notices multiple NFTs are at the floor price, they could ‘sweep the floor’ by buying all of those NFTs at once. NFT traders find this an opportunity because they can now raise the floor price by relisting at a higher value.
For example, if they bought all 5 NFTs selling at .02 ETH and now relisted them to sell at .04 ETH, they’d profit, and the floor price would increase. More details on how to sweep the floor in the nft space are below.
How to Find NFT Floor Price Charts to Track Collections
When analyzing tools to determine which are the best for tracking floor prices of nfts, it was essential to use the following criteria:
1. What’s the speed and frequency of refreshing data?
Identifying this helps you to avoid missing nft launches.
2. How many collections are available?
Prevent missing data gaps or information.
3. Are there additional or different types of features available?
For example, NFT watchlists, price alerts, portfolio tracking, market valuations, and indexes.
4. Is the nft tracking tool-free or paid?
If there’s a premium to pay, you will want to know why.
You’ll want a tool that can provide you with the most robust solution while keeping it the same and not too overall complex.
Here’s the results:
|NFT Tool||Data Refresh Speed/Frequency||# Collections||# Features||Free/Paid Options|
|ICY.Tools||1 Minute(s)||50+ (.est)||6+ (.est)||Free & Paid|
|NiftyPrice.IO||24 Hour(s)||641+ (.est)||5+ (.est)||Free & Paid|
|NFTPriceFloor.COM||5 Minute(s)||276+ (.est)||1+ (.est)||Free|
|NFTCharts.IO||24 Hour(s)||57+ (.est)||3+ (.est)||Free|
|CryptoSlam.IO||24 Hour(s)||500+ (.est)||2+ (.est)||Free|
Our NFT Floor Price tracking tools list breakdowns of the pros and cons of each, along with features available to make your nft snipping experience better.
Best NFT Floor Price Checker List
1. NiftyPrice.IO – (https://www.niftyprice.io/)
The total number of projects available to check their floor price is 641+ and users can submit new projects via a feedback page on their site.
Additionally, they make it easy to print the floor price and crypto metrics available as a pdf.
When clicking into each collection, you can find various nft pricing charts such as Floor Price History, Supply History, Volume History, and Owner History.
These crypto metrics make understanding the project’s longevity easier since you know when demand or supply is increasing.
In seconds, you can tell when the floor price has dropped and if it’s down in the last 24 hours for that particular project.
So it’s a great opportunity when you see a floor price floating between its lower average and upper average.
Tracks main metrics: Top Trait Floor, Total Gain, Collection Floor, and ‘NiftyPrice’ estimate.
Gas GWEI Price: Provides users with real-time access to the gas price, making minting an nft with low gas costs easier.
Connect to a wallet: Only premium users are allowed to track their own already purchased nfts.
Open to Feedback: Owners of this website understand the importance of getting feedback from their community and users; they ask for input when a project isn’t available so they can add it.
Indexes: Users can visit a ‘blue chip’ nft index to compare their portfolio results against and understand price history for future decision-making.
Future roadmap items: Adding features around Trait floors, Trait rarity, floor price analysis, historical portfolio performance.
2. NFTPriceFloor.COM – (https://nftpricefloor.com/)
This tool leverages APIs to gather historical nft price charts, sales data on the latest digital assets, and trends for you to make more informed data-driven decisions regarding any Non-Fungible Project.
Each project listed falls into different categories: 1. Avatar 2. Art 3. Metaverse 4. Derivatives
You can change the price charts from ETH to USD with a button click.
3. ICY.Tools – (https://icy.tools/collections)
You can quickly identify an NFTs royalty percentage using this tool.
Discovery & Trending: Allowing users to find new upcoming nft projects quickly.
Search: Allowing users to look up nft projects by name.
Connect to a wallet: Users can track their own already purchased nfts.
Fast Data Refreshing: If you pay for a premium account, you’ll have data refreshing at 1 minute, 5 minutes, 15 minutes, and 30 minutes. However, you’ll have got 1-hour of data refreshing for a free account.
Alerts: Only the premium account has access to alerts; however, the feature allows users to monitor discord mint launches to get there early.
Future Roadmap items: ICY.Tools have a dedicated page for future features they plan to add. For example, a ‘sell wall’ floor pricing chart takes the count of nfts at each interval listing to understand the momentum of the floor price.
How to Find NFTs early using Icy Tools
4. NFTCharts.IO – (https://nftcharts.io/)
Currently in beta and making improvements by leveraging Open Sea’s API.
Only has 57 collections available with nft charts at this moment. However, they add each day and have most of the top popular projects.
Tracks main metrics: The ‘Falling Floor Price’ over 24 hours up to 30 days to analyze the percent change. ‘Holder Change’ price chart analyzes how token distribution among different holder types changes over time. Finally, ‘Floor Depth’ shows the number of collections on Open Sea sorted by price and excluding auction sales.
Additional metrics: ‘Diamond Hands’ price chart shows the number of holders of a specific NFT and shares how many days they’ve had it to understand longevity. ‘Rarity Score’ evaluates how rare an nft is on its rarity traits.
Listing an NFT project: Accepts submissions of new upcoming nft projects for a price of .1 ETH to hold a listing for 12 months.
5. CryptoSlam.IO – (https://cryptoslam.io/)
Pricing charts include multiple blockchains, not only Ethereum. For example, the Solana, Avalanche, Flow, Polygon, and WAX.
It offers the option to advertise on the platform.
Tracks main metrics: ‘Floor price,’ ‘Sales,’ ‘Active Wallets.’
Fast Data Refreshing: You can get data up to 24 hours, seven days, 30 days, 90 days, or All-time helping you identify trends easily. For example, if you notice the project’s total owners increase the floor price, that’s a good sign that it’s a healthy project.
You can put them into action now that you know the best tools when analyzing floor prices.
Two Selling Strategies Once You’ve Analyzed Floor Prices
1. Offering a discount below floor prices
Some nft traders on the WAX platform offer to sell entire unopen packs at 5% below floor prices via discord.
2. Sweeping the floor by purchasing in bulk
What Does Sweeping the Floor Mean?
Sweeping the floor is known as the act of buying all NFTs at the lowest possible amount. Both the buyer and project owner can sweep the floor, and it creates an opportunity to flip those NFTs at a higher amount once they’ve purchased them in bulk.
Not all sweeps occur manually, as some are done automatically via sniper bots.
Using NFT floor price tracking tools allows you to identify when more than 2 to 5 NFTs are available at the same floor price and ready for a ‘sweep.’
Why NFT Tools Help You Analyze The Health of Projects
Floor prices help you evaluate the overall health of an NFT project, and when it goes up, along with the number of total holders, you can tell the collection is gaining in popularity.
Leveraging multiple tools at once will give you an advantage when it comes to analyzing the overall performance of an nft project.
If you notice some metrics are unavailable with one tool, you can still use the other tool to get that data point.
Once you’ve determined which NFT projects are worth investing in based on the floor price and using data, you’ll want to track how the floor price moves over time and decide when best you’ll sell it.
Paying for a premium tool makes the most sense because you can easily connect your wallet to monitor its performance.
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