The Rise of NodeMonkes and Runestone NFT Collections

The Rise of NodeMonkes and Runestone NFT Collections

The NodeMonkes NFT collection has seen a remarkable surge of over 50% in the past 24 hours, leading to a higher market capitalization than the well-known Bored Ape Yacht Club (BAYC). Data from CoinGecko reveals that the floor price of NodeMonkes spiked by 53.3%, reaching 0.83 BTC or around $55,890, with a market cap of $558.9 million. This surge has solidified NodeMonkes’ position as the second-largest NFT collection in terms of market cap. Additionally, sales of NodeMonkes have soared by an impressive 162.0% in the last 24 hours, amounting to approximately $5.5 million, according to CryptoSlam.

On the other hand, Runestone, another Bitcoin-based NFT collection, has also experienced a significant increase in its floor price. With a surge of 125% within the last 24 hours, Runestone’s market capitalization has reached 4,799 BTC or about $326,255,216. This surge has propelled Runestone to become the sixth-largest NFT collection by market capitalization. The collection has gained prominence across various multi-chain support marketplaces, with leading sales positions on platforms like OKX and Magic Eden.

Runestone’s success can be attributed to its founder, Leonidas, a distinguished NFT historian and the creator of Ord.io. Unlike traditional NFT launches, Runestone adopted a unique distribution method that involved an airdrop to Ordinals holders. To qualify for an NFT, individuals needed to possess at least three inscriptions. Presently, the Runestone collection boasts 90,000 owners, with 2.5% listed on Magic Eden and 1.25% listed on OKX. The collection has garnered significant trading volumes on both platforms, with Magic Eden seeing a trading volume of 198 BTC (approximately $13.4 million) and OKX experiencing a volume of 268 BTC (around $18.2 million) since its inception.

While NodeMonkes has surged ahead of Bored Ape Yacht Club, Runestone is making strides in the NFT marketplace with its unique distribution model and growing popularity among collectors. Both collections have seen impressive increases in floor prices and market capitalization, showcasing the growing appetite for NFTs in the digital art world. As NodeMonkes and Runestone continue to gain traction, it will be interesting to see how they further differentiate themselves and impact the broader NFT ecosystem.

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