NFT Trading Monitor
Monitor the top NFT collections for any potential pumps/dumps.
PROBLEM
STATEMENT
Keeping track of one’s portfolio and potential buys/sells can be very overwhelming in the fast-paced NFT market. Our client wanted an NFT trading monitor that would continuously watch the top NFT collections 24/7 and provide the best buying and selling suggestions to them.
SOLUTION
In order to find the best buys and sells for our client, Data Prism created a proprietary algorithm based on our client’s experience and research in the NFT space. This application monitors the top NFT collections, notifies the client (in real-time) about any potential pumps/dumps and saves all the event records in a Postgres DB and google sheets. The following metrics were used to predict swings in a given NFT collection:
- Number of sales
- Variation in the number of total listings
- Variation in floor price
- Volume traded (every 15 minutes)
Input
Key formulas to process events recorded
Output
Dashboard displaying extracted events and pump/dump phases
Tools &
Technologies
Python
Selenium
Opensea API
Requests
Bright Data (Proxy)
CronJob
