The recent surge in NodeMonkes, Bitcoin’s premier NFT collection, has taken the market by storm. In the past 24 hours, NodeMonkes witnessed a staggering 53.3% increase in its floor price, propelling it to the position of the second-largest NFT collection in terms of market capitalization. With a floor price of 0.83 BTC, approximately $55,890, NodeMonkes has surpassed the once-popular Bored Ape Yacht Club in terms of market cap.
Not to be outdone, Runestone, another Bitcoin-based NFT collection, has also experienced a significant surge in its floor price. Within the last 24 hours, Runestone saw a remarkable 125% increase, pushing its market capitalization to 4,799 BTC, equivalent to $326,255,216. This surge has catapulted Runestone to become the sixth-largest NFT collection by market capitalization. Additionally, Runestone has emerged as the top NFT collection in various multi-chain support marketplaces.
Data indicates that Runestone has dominated sales on platforms like OKX and Magic Eden. With a trading volume of 198 BTC on Magic Eden, amounting to approximately $13.4 million, and 268 BTC on OKX, around $18.2 million, Runestone has solidified its position in the market. The increasing sales volume and market capitalization are a testament to the growing popularity of Bitcoin-based NFT collections.
Leonidas, a prominent NFT historian and the founder of Ord.io, is credited with the creation of the Runestone NFT collection. Unlike traditional NFT launches, Runestone’s distribution method involved an airdrop to Ordinals holders, requiring ownership of at least three inscriptions to qualify for an NFT. With 90,000 owners of the Runestone collection, this innovative distribution strategy has attracted a large user base to the NFT marketplace.
As NodeMonkes and Runestone continue to dominate the Bitcoin NFT market, the future looks bright for these innovative collections. With increasing market capitalization, sales volume, and innovative distribution strategies, these collections are set to shape the future of NFTs in the digital landscape. It will be exciting to see how these collections evolve and adapt to the ever-changing NFT market dynamics in the coming months.