Going Against the Grain: Using NFTScan to Find Undervalued NFT Collections
Tags: nft, web3, api, nftscan
Published: 2023-10-25 11:24:07

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 floor

**The Allure of Trending Collections**
Like 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

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/x0y1hm3li6tmy17cpeif.png)Source: [NFTScan](https://eth.nftscan.com/analytics/trending) (15mins — Trading Ethereum NFTs)

**The Challenge of Finding Undervalued NFTs**
With 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 Detector**

NFTScan 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.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/1wvnb3hpuhu917dfufp3.png)Source: [NFTScan](https://eth.nftscan.com/0x9a87a43ac0b50984cd20964cb4978e6d9b3cbe5d/0) (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.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/4x8sgtzd6t07rl4ihqao.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.


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/6r2iy21krjf6n16dqhk1.png)Source: NFTScan (Holders Data)


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/8r1d3r63k8hh8lc2zaed.png)Source: [NFTScan](https://eth.nftscan.com/0x0f2c03d7240346c17ace551715c95210e7418d9e?module=Analytics) (Traders Data)

**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 NFTScan
Now 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 Criteria**

Before 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 NFTScan**

Visit the [NFTScan website](https://www.nftscan.com/) and access their platform.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/h340mw9tu4sy8lmskg8b.png)

**Step 3: Browse NFT Collections**

Explore 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.


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/8an3db847anh89enpyc9.png)
![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/fvcofe29j1s9kwr4sy57.png)19 supported blockchains

**Step 4: Analyze Historical Data**

Use 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.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/flyi71sw7g50dn14ssf2.png)Source: NFTScan (Traded Distribution)

**Step 5: Examine Rarity and Utilit**y

Assess the rarity and utility of NFTs within those collections. Rare and useful NFTs tend to have more long-term value.

**Step 6: Check Community Engagement**

NFTScan provides insights into community engagement. Look for collections with a growing and engaged community. This indicates potential for future value.

**Step 7: Make Informed Decisions**

Based 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.

## Conclusion
In 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!

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/7h3vhqoym1cvu8yxxfih.png)

## About NFTScan
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: https://nftscan.com

Developer: https://developer.nftscan.com

Twitter: https://twitter.com/nftscan_com

Discord: https://discord.gg/nftscan