Home Crypto Market Movers Bitcoin NFT Frenzy: NodeMonkes and Runestone Surge Amidst Crypto Craze

Bitcoin NFT Frenzy: NodeMonkes and Runestone Surge Amidst Crypto Craze

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NodeMonkes, Bitcoin’s Premier NFT Collection, has witnessed an astounding 53.3% surge in its floor price within a mere 24 hours, propelling its market capitalization to a staggering $558.9 million. This meteoric rise places NodeMonkes firmly as the second-largest NFT collection, trailing only behind the iconic CryptoPunks. The allure of NodeMonkes extends beyond its soaring valuation, with a remarkable 162.0% increase in sales volume, reaching a remarkable $5.5 million, as reported by CryptoSlam.

Simultaneously, Runestone, another prominent Bitcoin-based NFT collection, has captivated the market with its remarkable surge. Within the same timeframe, Runestone’s floor price skyrocketed by an impressive 125%, elevating its market capitalization to a formidable 4,799 BTC, equivalent to approximately $326.3 million. This surge catapults Runestone to the echelons of the top-tier NFT collections, firmly securing its position as the sixth-largest by market capitalization.

A closer look reveals that Runestone’s dominance extends beyond mere valuation. Across multi-chain support marketplaces, Runestone reigns supreme, with top rankings in platforms like OKX and Magic Eden. Magic Eden, in particular, has witnessed a fervent trading frenzy, with Runestone NFTs amassing a staggering trading volume of 198 BTC, equivalent to approximately $13.4 million. Similarly, OKX has seen substantial trading activity, with Runestone NFTs garnering a total volume of 268 BTC, roughly equivalent to $18.2 million. These figures underscore Runestone’s commanding presence in the NFT marketplace arena.

Behind the scenes, the mastermind behind the Runestone phenomenon is none other than Leonidas, a prominent NFT historian and the visionary founder of Ord.io. Unlike traditional NFT launches, Runestone’s distribution method revolutionized the landscape with an airdrop to Ordinals holders. This innovative approach required ownership of at least three inscriptions to qualify for an NFT, resulting in a widespread adoption with 90,000 owners embracing the Runestone collection.

What sets these collections apart is not just their astronomical value, but also their dominance across multi-chain support marketplaces. Magic Eden and OKX stand witness to the sheer prowess of Runestone, with the collection reigning supreme in sales volume. Magic Eden, in particular, has become a hotspot for Runestone enthusiasts, witnessing a staggering trading volume of 198 BTC, equivalent to approximately $13.4 million. Similarly, OKX has seen Runestone NFTs command a substantial trading volume of 268 BTC, roughly translating to around $18.2 million since their introduction.

The mastermind behind the Runestone phenomenon is none other than Leonidas, a luminary in the realm of NFT history and the visionary founder of Ord.io. Unlike traditional NFT launches, Runestone’s distribution method has been nothing short of revolutionary, involving an airdrop to Ordinals holders, where ownership of at least three inscriptions grants eligibility for an NFT.

Data gleaned from Magic Eden paints a vivid picture of Runestone’s widespread adoption, boasting an impressive 90,000 owners, with 2.5% of the collection listed on the marketplace. Similarly, OKX showcases Runestone’s staggering reach, with 1.25% of the collection listed and approximately 88,000 proud owners.

As we navigate through this exhilarating journey of digital creativity and financial innovation, NodeMonkes and Runestone stand as shining beacons of the Bitcoin NFT revolution. With their unprecedented surge in market capitalization and sales volumes, these collections redefine the boundaries of digital ownership and artistic expression. As the world watches in awe, one thing remains abundantly clear – the Bitcoin NFT craze shows no signs of slowing down.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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