The Rise of NodeMonkes and Runestone NFT Collections in the Cryptocurrency Market

The Rise of NodeMonkes and Runestone NFT Collections in the Cryptocurrency Market

The NodeMonkes NFT collection, known as Bitcoin’s premier collection, has experienced an impressive surge of over 50% in the last 24 hours. This surge has propelled NodeMonkes to surpass the Bored Ape Yacht Club (BAYC) in terms of market capitalization, making it the second-largest NFT collection in the market. CoinGecko data revealed a significant 53.3% increase in NodeMonkes’ floor price, reaching 0.83 BTC, which is approximately $55,890. The collection’s market capitalization now stands at $558.9 million, solidifying its position above BAYC.

In addition to the surge in market capitalization, NodeMonkes has also seen a remarkable increase in its sales volume. Data from CryptoSlam reported a staggering 162.0% rise in sales, totaling approximately $5.5 million within the past 24 hours. This surge in both floor price and sales volume signifies the growing popularity and demand for NodeMonkes NFTs among cryptocurrency enthusiasts and investors.

Alongside NodeMonkes, the Runestone NFT collection has also witnessed a significant surge in its floor price and market capitalization. With a remarkable 125% increase in the floor price within the last 24 hours, Runestone’s market capitalization has soared to 4,799 BTC, equivalent to $326,255,216. This surge has propelled Runestone to become the sixth-largest NFT collection by market capitalization, showcasing its potential in the competitive NFT market.

Runestone has not only experienced a surge in market capitalization but has also emerged as the leading NFT collection across various multi-chain support marketplaces. Data indicates that Runestone holds the top spot in sales on platforms like OKX and Magic Eden. Magic Eden, in particular, has seen Runestone achieve a trading volume of 198 BTC, approximately $13.4 million, highlighting the collection’s strong performance in the marketplace.

Leonidas, a prominent NFT historian and the founder of Ord.io, is credited with creating the Runestone NFT collection. Unlike traditional NFT launches, Runestone’s distribution method involved an airdrop to Ordinals holders, emphasizing community engagement and inclusivity. With 90,000 owners and a unique ownership qualification requirement, Runestone has garnered significant attention and adoption within the cryptocurrency community. The collection’s presence on platforms like Magic Eden and OKX further solidifies its position as a promising player in the NFT market.

The rise of NodeMonkes and Runestone NFT collections reflects the evolving landscape of the cryptocurrency market and the growing interest in digital assets. With innovative distribution methods, strong community engagement, and impressive market performance, these collections are poised to make a lasting impact in the NFT space.

Crypto

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