NodeMonkes NFTs Soar 53%, Overtaking Bored Apes on Bitcoin's Rising Wave
March 18, 2024NodeMonkes Bitcoin-based NFT collection's floor price soared by 53%, hitting 0.83 BTC ($55,890), now ranking as the second-largest NFT collection by market cap.
The collection's sales volume spiked by 140.8%, reaching over $5.1 million in the last 24 hours, outperforming the Bored Ape Yacht Club.
The surge is linked to the adoption of Ordinals technology, shifting the NFT market preference towards the Bitcoin network.
Runestone, a fellow Bitcoin NFT collection, also experienced a 40.7% increase in floor price, with a market cap of $306.5 million, making it the sixth-largest by market cap.
Bitcoin has overtaken Ethereum and Solana as the top chain in NFT sales for the past week, indicating a major shift in the NFT market that has been dominated by Ethereum since 2021.
Summary based on 2 sources
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Sources
The Block • Mar 18, 2024
Bitcoin Ordinals NFT interest soars as NodeMonkes records 53% surge in floor priceAMBCrypto • Mar 18, 2024
Bitcoin-based collections have an edge over Ethereum NFTs - Here's why