The bottom price of NodeMonkes, Bitcoin’s premier collection of non-fungible tokens (NFTs), has surged more than 50% in the past 24 hours, surpassing its high price. Boring Monkey Yacht Club Asian market capitalization Monday morning, according to CoinGecko data.
As of 11 AM Hong Kong time, NodeMonkes’ floor price hit 0.83 BTC ($55,890), up 53.3% over the past 24 hours, expanding its market capitalization to approximately $558.9 million.
NodeMonkes has become the second-largest collection of NFTs by market capitalization, according to CoinGecko data. CryptoPunks’ market capitalization reached $1.76 billion, while BAYC’s reached $490.9 million.
NodeMonkes said its revenue increased 140.8% in the last 24 hours, reaching $5.1 million in sales. data At CryptoSlam. Runestone, another Bitcoin NFT collection, surged 40.7% from its low price to reach a market cap of $306.5 million, making it the sixth-largest NFT collection by market capitalization.
“Just as token traders switched from ETH to SOL memecoin, NFT traders also poured into Bitcoin NFTs,” Nick Ruck, Chief Operating Officer of ContentFi Labs, told The Block. “Runestone and NodeMonkes have seen a surge in buyers and enthusiasts as they have succeeded in reversing BAYC, which has seen a major sell-off in recent weeks.”
‘Tired’ Ethereum-based NFT market
Ruck added that these moves could also: Partially fueled Due to rising gas costs and Ethereum’s “exhausted NFT market,” “even PudgyPenguins have recently declined from their all-time high of 20 ETH to less than 10 ETH.”
Monthly trading volume on the Ethereum-based NFT marketplace fell from $867.8 million in January to $786.5 million in February, according to The Block’s. data dashboard. So far in March, trading volume has reached $503.1 million.
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