4 Strategies for Trading NFTs in OpenSea

Editorial Team

People are becoming more interested in NFTs, causing an influx of traders and investors. Even though buying and selling these tokens for profit may sound easy on paper, this is not normally the case. It is often challenging to determine whether an NFT has great potential or not.

You must therefore tread carefully, right from the onset. Profiting from these tokens requires careful selection, knowing when to make a transaction, and applying several efforts to reduce gas fees. Lastly, you should have a good strategy that will ensure profits. This article will focus on some of the best NFT trading strategies you can bank on as you begin your journey on OpenSea.

How Do You Tell Whether an NFT Has a Growth Potential or Not?

The easiest way to tell whether an NFT can increase its value or not is to look at its history. OpenSea allows you to access an NFT’s transaction data, including some of its past selling prices, to help you predict its performance. You may even get a well-drawn graph when you combine tools detailing the price after given periods. However, it will still be difficult to perform such predictions on new tokens that lack history.

This is where the right strategy comes in. Here are some of the techniques that will help you during minting( before a public sale), before the reveal, and afterward:

1. Minting

One of the most common strategies for trading NFTs is initial minting flipping, where one mint and instantly flips these tokens on OpenSea. You can mint an NFT directly on the website for a value lower than the current floor price on OpenSea, allowing you to make double the money spent. However, how do you do that? 

Well, you can click on a project and obtain all the relevant information about it, including its website and social media pages. Click the website link on the NFT listing and wait for the mint pop-up to appear. Go ahead and mint your NFT and sell them instantly on OpenSea to earn some money after paying the necessary gas fees. Remember, you can do this as many times as possible.

We also have other strategies to help you find the best NFTs for purchase and subsequent sale during minting, which we may have mentioned in some of our articles. These include:

Settling for Rare NFTs

Remember that the rarer the NFT, the greater the growth potential. Therefore, it would help if you focused more on rare NFTs when minting, a strategy that will allow you to profit heavily from your assets when you make a sale. A good way of executing this is by using rarity. tools, a website that has existed for a long time.

Here, you will know all the upcoming projects and get direct links to their Discord, Twitter, and website to find out more about them. You will also view the mint price, which is the precise cost of the project in Ethereum. Note that signing up for pre-sales will guarantee you cheaper offerings, which indirectly pushes your profit margins up.

Also, make sure that you settle on a project with a lower supply. Some of the common options are 10k projects which have been popular for quite some time, even though their NFT counts may turn out to be excess with this strategy.

Check out the Website and Social media of the Project You Intend to Mint

This second strategy will help you obtain all the needed information before minting an NFT. As we mentioned, OpenSea allows you to access the websites and social media profiles of NFT projects through the embedded links found on the listing. While checking these out, ensure that you take note of the type of community behind the NFT, its moderators, administrators, and the main developers.

You can then connect your wallet to the website to mint NFTs once you are convinced that the tokens are viable, which will give the website access to your wallet to make transactions on your behalf. However, how do you prevent your it from getting raided by a website? You have to learn about safety and take extra caution when picking a website. You can also create a burner wallet, and in this case, another MetaMask wallet, to help you spread out your money so that you don’t lose as much if such an event happens. Only send the amount required to cover the fees or just a little higher value if you intend to be safe.

Once everything is okay, please wait for the mint button on the website, connect the burner MetaMask wallet, mint your NFT and finally send it to the main MetaMask wallet. Remember, you don’t have to go through all these when dealing with a trustworthy website.

2. Before the Reveal

Before the reveal, you should know how to snipe for rare NFTs if you intend to be a good trader and make money from these assets, which is not as easy as it sounds since it requires some groundwork. You must also have the right strategy to serve you a few hours before the reveal.

First, go through the Discord or Twitter profile of the NFT project set to reveal and update yourself on whatever is going on. Strive to find out when they reveal is set to take place, and if possible, ensure that it is as accurate as possible. You can also ignore most of the hype around the project, unlike in the minting stage. Too much hype before the reveal may indicate that the project is low quality and does not have a great potential for future growth.

After finding out the time of the reveal, click on Media on their Twitter page or Discord announcements to prepare early enough. Ensure that all your tools are ready as you await the revealing, which is something anyone who has flipped NFTs knows. Arm yourself with rarity tools and get them prepared since you won’t be in a position to estimate how rare the collection is physical. Using rarity. tools will help you uncover each token number’s rarety and whether you should invest in it or not. All in all, your tool of choice ought to be reliable and able to rank all the items in a given project.

Once these are ready, visit the project’s Twitter Media or Discord’s announcements once more to dig more information as some of the NFTs may end up being more valuable despite being half as rare as the others. Ensure that you understand what the NFT collection entails or know what it is about before the reveal. Avoid doing things blindly when purchasing and selling NFTs.

Also, take some time to monitor the project’s prices from when they were minted. The volume may fall before the reveal, which is normal for some projects as people are usually scared of their inability to anticipate what will happen. The price of mid-range projects also dips as the reveal gets closer due to increased liquidity occasioned by increased sales from people who believe their NFTs are not rare. What causes these pumps and dumps before and during the reveal? Well, simple. The value of the collection or individual NFTs depends on the hype around them, the general interest, and the number of people involved.

The next step is to actualize what you intend to do during the reveal. You can decide to settle on the fast flip strategy, which entails buying and selling the tokens quickly, normally within thirty minutes to two hours, which comes in handy when anticipating a sharp reduction in value. This also works if you don’t intend to hold the NFTs long-term.

You should be present at least fifteen minutes before the reveal since some of the tools used start working before the actual time of the reveal happens. A good example is rarity.tools that can be refreshed a quarter of an hour before the reveal. You can buy as soon as you see the rankings and confirm that they are in sync with your other tools. 

What happens when the auction goes live? Simple. Focus more on the rankings and less on the individual NFTs. Ensure that you click on the activity, particularly listings, to see the new NFTs coming in. Most people will be selling their tokens without knowing whether they are rare or not, giving you the right opportunity to snipe and end up with a superb deal. Also, remember to keep refreshing the page to access new NFTs, which will pop up. Lastly, open the sales tab to monitor the sales and view these tokens’ amounts. Ensure that several people are paying high transaction fees.

You should also closely monitor the floor price, which comes in handy before deciding.

3. After the reveal

Two main strategies will help you make money off your NFTs after the reveal. These are floor price and rare trait flipping.

Floor Price Flipping

This is the easiest way to make money on OpenSea after a revealed collection. For example, if the floor price is 0.7ETH, we will look for an investor in search of quick liquidity or anyone intending to sell their tokens fast. They will list it under the floor price, which can be 0.4 ETH. This means that someone who buys the NFT and lists it back at the floor price or a value slightly lower will easily make some money. This is one of the instant ways of creating money from NFTs after the reveal.

Remember, you can do this for both Ethereum and Polygon NFTs, supported by OpenSea. Visit the top right part of the platform and look at the recently launched NFTs. Note that several people will be looking for them immediately after the reveal. We advise you to deal with verified projects which normally have a checkmark near them. They have a larger volume compared to their counterparts. Click on the particular project, open one of the NFTs, and further click on the collection’s name. What next?

Sort the NFTs further using the ‘buy now’ perimeter. Remember, you can’t purchase the wrapped Ethereum bids, which disqualifies them. Check the floor price and the lowest listed price since that’s how we will make money from the NFTs. The floor price may take some time to update, giving you the perfect opportunity to strike.

If the floor price is 1.8 ETH and the recently listed lowest price is 1.4 ETH, you will make a cool 0.4 ETH by sweeping the floor, a term that translates to buying NFTs so that the floor price can rise. You can buy the NFT at 1.4, and instead of listing it at 1.8, create a 1.75 listing, earning you 0.35 ETH. This is only possible if an opportunity is available, meaning that you have to be consistently on the lookout.

What happens when a project is unverified? Well, ensure that you can see the last price which will tell you if it is moving. Note that verified projects have a trade record of 100 ETH, which means that even unverified projects can easily get a blue mark.

Rare Trait Flipping

Rare trait flipping focuses on heavily underpriced traits. It is also as popular as floor price flipping, just that most people find it to be a bit technical. People who understand how rarity influences the price and growth potential of an NFT are always willing to part with higher amounts to secure some of the assets with rare traits. Some of the NFTs listed for 0.03 ETH are grossing over 1 ETH in the aftermarket owing to their rarity and enhanced uniqueness.

Keep in mind that in most NFT projects, such as the renowned 10k projects, individual NFTs are equipped with rarity traits that make them unique from each other. Therefore, all you need to do is to click on any NFT in a given project, scroll further down to their properties, and go through their displayed traits. A trait found in only 1% of the entire collection is super rare, meaning that related NFTs will sell higher than the floor price.

Make sure that you click on these super rare traits,  view the available floor prices, and further filter them to a narrower rarity percentage. You will mostly end up with two or three NFTs having the super rare trait. However, prepare to be surprised when you find out that these normally have different floor prices. As an investor who wants to profit from these rare traits, buy the items with the lowest floor prices to increase the overall floor price of the attribute automatically. You can then make a quick sale by creating a relatively lower-priced listing.

4. Getting into a Whitelist

Whenever gas wars occur, collectors and NFT enthusiasts try as much as possible to outbid each other by paying higher gas fees, which in effect speeds up the overall transaction, allowing them to earn new NFTs. However, projects have come up with a new way of combating these gas wars by piecing pre-sales into a whitelist. This list allows investors to mint new NFTs from a given collection. Those with whitelist spots can also buy items before a public sale or mint. Some projects have even resorted to whitelist-only launches, thus eradicating public mints.

The whitelist has created exclusivity and even thwarted gas wars. Instead of paying ridiculously higher prices in gas fees, you will spend lots of time grinding to earn a spot. You will get these NFTs at a relatively lower price before anyone else, making some good money once they have been revealed or open for minting. Let’s look at the three strategies that you can employ:

Alpha Groups

An alpha group comprises people who inform one another of important information regarding new projects. They also share important insights and knowledge regarding NFT projects. Most groups with many influential investors have the right influence to win spots on top projects. Some projects even offer such groups whitelist spots hoping that they will take up their projects, marketing them in the end.

Future Whitelist Spots

This normally occurs when a person or group owns an NFT collection that guarantees a whitelist spot in future projects. What does this mean? Some NFTs allow you to participate in future projects’ pre-sale, thereby giving you a whitelist spot. You may also get a free mint in the upcoming collections, which is a cool way to profit.

Finding Projects with Great Potential Early Enough

This is the only way to get into a whitelist without parting with some money, either by paying an alpha group or acquiring an NFT that gives you a future spot. However, it is time-consuming and may not be viable for everyone. A good hack would be following the right persons and social media profiles to get updates on such NFTs.


These are some of the strategies that will come in handy when trading NFTs. Make sure that whatever you settle for maximizes your profits.