Introducing the Floor Rank Metric

The Floor Rank metric indicates the rank of an NFT collection‘s floor price based on historical fiat sales prices.

This helps traders and collectors to identify attractive entry and exit price points.

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🔸Categories
The Floor Rank goes from 1 to 100 and has the following five categories:
1-20: Bargain
21-40: Modest
41-60: Fair
61-80: Pricy
81-100: Inflated

🔸The Crypto Punks Example
I pulled all sales for wrapped and unwrapped Crypto Punks from Dune and Alchemy.

I filtered out rare types (Aliens, Apes, and Zombies), traits (like Hoodies or Beanies), trait counts (1 and 7), and 10% of the rarest punks.

I dropped sales transactions before October 18, 2021 ($ ATH) to focus on trades after full price discovery.
This step is (probably) not necessary for collections with more „modern“ mint times.

The current floor Rank of 10.2% indicates lower „Bargain“ range based on a floor price of $83,140.

🔸Round Up
The Floor Rank Metric may become a new NFT metric.

Let me know if you find it useful, or whether you have any questions.

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🔸Benefits
The Floor Rank represents a (complex) chart in one sentiment indicator

It provides buy / sell recommendations like a technical indicator

A point in time on a chart can depict many or few trades. The Floor Rank is more refined in the sense that every sale is one observation, i.e. it’s transaction weighted rather than equally weighted like a traditional chart

One can build Floor Ranks for more rare traits