The NFT ocean glitters with high-profile collections riding waves of hype. But overlooked treasures lay hidden beneath the surface, drowned out by flashy trends. To recover these sunken gems, we need tools to pierce the murky depths. That’s where NFTScan comes in. Equipped with this submarine technology, we can explore uncharted waters to uncover undervalued collections neglected by the spotlight.In this article, we’ll navigate:● Why undervalued NFTs get overlooked● Challenges in identifying hidden gems● How NFTScan surfaces overlooked treasures● A deep dive guide to discovering undervalued collections● The treasures that await at the ocean floorThe Allure of Trending CollectionsLike driftwood on tumultuous seas, the NFT community gets swept away by hype. When celebrities and influencers endorse collections, values can skyrocket beyond intrinsic worth. But hype is a fickle wind. As trends change, many overvalued collections are left adrift.Yet overlooked gems with solid foundations languish on the ocean floor, drowned out by frenzy. The treasures are there for those willing to dive beneath the windswept surface.The NFT market seems to be full of promise, but it’s also rife with speculation and hype. Many collectors and investors rush to buy NFTs based on trending topics, celebrity endorsements, or media coverage, often driving price<img src="https://miro.medium.com/v2/resize:fit:1400/1*w4ucXQwW1YCjH9c1Ij5XOw.png" />Source: <a href="https://www.nftscan.com/" rel="noopener noreferrer nofollow">NFTScan</a> (15mins — Trading Ethereum NFTs)The Challenge of Finding Undervalued NFTsWith so much hype and noise in the NFT market, finding hidden gems or undervalued collections can be a daunting task. It’s not just about blindly purchasing NFTs and hoping they will appreciate in value. Instead, you need a strategic approach to assess the true worth of NFT collections.Introducing NFTScan: Your Undervalued NFT DetectorNFTScan is a powerful tool for real-time on-chain analysis of NFT collections. It provides valuable insights that can help you identify undervalued NFTs. Here are some key features of NFTScan that can assist you in your quest:Comprehensive Data Analysis: NFTScan offers a vast library of NFT data, covering multiple blockchains and collections. This data provides a foundation for in-depth analysis.<img src="https://miro.medium.com/v2/resize:fit:1400/1*e8ho81kEfTvdEjlf1oogXA.png" />Source: <a href="https://eth.nftscan.com/0x9a87a43ac0b50984cd20964cb4978e6d9b3cbe5d/0" rel="noopener noreferrer nofollow">NFTScan</a> (TrekkiNFT#0 Data)Historical Performance Tracking: With NFTScan, you can track the historical performance of NFT collections. This includes price trends, trading volumes, and liquidity.<img src="https://miro.medium.com/v2/resize:fit:1400/1*jV0zoqfDDdGeybHTujwkog.png" />Source: NFTScan (Metric Data)Market Sentiment Analysis: NFTScan helps you gauge the market sentiment towards specific collections. Understanding how collectors and investors feel about an NFT collection can be a significant factor in determining its true value.<img src="https://miro.medium.com/v2/resize:fit:1400/1*Cb0NEQTWaqdP54Vs0ptwRQ.png" />Source: NFTScan (Holders Data)<img src="https://miro.medium.com/v2/resize:fit:1400/1*K2R5P4DTEfBtW2S-A37Vsg.png" />Source: <a href="https://eth.nftscan.com/0x0f2c03d7240346c17ace551715c95210e7418d9e?module&#61;Analytics" rel="noopener noreferrer nofollow">NFTScan (Traders Data)</a>Community Engagement: The level of community engagement around an NFT collection can be a good indicator of its potential. NFTScan tracks social media discussions, forum activity, and community growth.Step-by-Step Guide to Finding Undervalued NFTs with NFTScanNow that you understand the power of NFTScan, let’s dive into a step-by-step guide on how to use it to discover undervalued NFT collections:Step 1: Research and Define Your CriteriaBefore you start using NFTScan, define your criteria for what makes an NFT collection undervalued. This might include historical performance, rarity, utility, or community engagement.Step 2: Access NFTScanVisit the <a href="https://www.nftscan.com/" rel="noopener noreferrer nofollow">NFTScan website</a> and access their platform.<img src="https://miro.medium.com/v2/resize:fit:1400/1*MCKGE8qJ1mJ7alHoAfB-LA.png" />Step 3: Browse NFT CollectionsExplore the NFTScan database by going to the trending section to find collections that match your criteria. You can filter collections based on various parameters, such as blockchain, category, or price range.<img src="https://miro.medium.com/v2/resize:fit:1400/1*SFBztQz3NU6q5EdBqC6xuA.png" /><img src="https://miro.medium.com/v2/resize:fit:1400/1*rU297FTJ3x8SFcoHO-F5Ew.png" />19 supported blockchainsStep 4: Analyze Historical DataUse NFTScan to analyze the historical data of the selected collections. Look at their price trends, trading volumes, and past performance. Identify any collections that have shown consistent growth but remain relatively affordable.<img src="https://miro.medium.com/v2/resize:fit:1400/1*OwuD2yv53xD6GDQ6GvqdXg.png" />Source: NFTScan (Traded Distribution)Step 5: Examine Rarity and UtilityAssess the rarity and utility of NFTs within those collections. Rare and useful NFTs tend to have more long-term value.Step 6: Check Community EngagementNFTScan provides insights into community engagement. Look for collections with a growing and engaged community. This indicates potential for future value.Step 7: Make Informed DecisionsBased on your analysis, make informed decisions about which NFT collections to invest in. Remember, undervalued NFTs might not have the immediate hype but could be excellent long-term investments.ConclusionIn the world of NFTs, it’s easy to get caught up in the hype. However, true value lies in identifying undervalued collections that have the potential for long-term growth. NFTScan is your secret weapon for this task, providing comprehensive data and analysis tools. With careful research and analysis, you can go against the grain and discover the hidden gems of the NFT world. Happy hunting!<img src="https://miro.medium.com/v2/resize:fit:1400/0*wPMYr5jJxZaW91Nc.png" /><h2 id="header-0">About NFTScan</h2>NFTScan is the world’s largest NFT data infrastructure, including a professional NFT explorer and NFT developer platform, supporting the complete amount of NFT data for 19 blockchains including Ethereum, Solana, BNBChain, Arbitrum, Optimism, and other major networks, providing NFT API for developers on various blockchains.Official Links:NFTScan: <a href="https://nftscan.com/" rel="noopener noreferrer nofollow">https://nftscan.com</a>Developer: <a href="https://developer.nftscan.com/" rel="noopener noreferrer nofollow">https://developer.nftscan.com</a>Twitter: <a href="https://twitter.com/nftscan_com" rel="noopener noreferrer nofollow">https://twitter.com/nftscan_com</a>Discord: <a href="https://discord.gg/nftscan" rel="noopener noreferrer nofollow">https://discord.gg/nftscan</a><a href="https://medium.com/nftscan/nftscan-launches-nftscan-connect-program-to-support-early-stage-web3-startups-1a0470698002" rel="noopener noreferrer nofollow">NFTScan Connect Program</a>

Going Against the Grain: Using NFTScan to Find Undervalued NFT Collections

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