NodeMonkes and Runestone: Bitcoin NFTs Set New Highs

• NodeMonkes floor price spikes over 50% to 0.82 BTC, becoming the second-largest NFT collection.

• Runestones value also jumps by more than 50% in a week to over 0.04 BTC, ranking it as the sixth-largest NFT.

• These Bitcoin NFTs outperform major collections like BAYC and MAYC in market value.

In a remarkable display of market dynamics, the Bitcoin NFT space has witnessed substantial growth, with collections such as NodeMonkes and Runestone achieving significant milestones. NodeMonkes, in particular, has seen its floor price increase by more than 50% in the past 24 hours, reaching 0.82 BTC. This surge has propelled its market value to an impressive $554 million, overtaking the Bored Ape Yacht Club (BAYC) to become the second-largest NFT collection after CryptoPunks.

In the past 24h, the floor price of Bitcoin NFT NodeMonkes has increased by more than 50% to 0.82 BTC, with a market value of $554 million, surpassing BAYC and becoming the second largest NFT after CryptoPunks. Another Bitcoin NFT, Runestone, has also grown by more than 50% in…

— Wu Blockchain (@WuBlockchain) March 18, 2024

Similarly, Runestone, another Bitcoin-based NFT collection, has experienced a notable ascent in its valuation. Over the past seven days, Runestones price has increased by more than 50%, with its floor price crossing the 0.04 BTC mark. This growth has elevated its market value to around $310 million, surpassing the Mutant Ape Yacht Club (MAYC) and securing its position as the sixth-largest NFT collection.

These developments signify a burgeoning interest in Bitcoin NFTs, which are gaining traction and challenging the dominance of Ethereum-based collections. The significant price movements of NodeMonkes and Runestone underscore the dynamic nature of the NFT market, where new and innovative projects can quickly rise to prominence.

The success of Bitcoin NFTs like NodeMonkes and Runestone reflects a broader trend of diversification within the NFT ecosystem. As collectors and investors explore assets beyond the Ethereum blockchain, Bitcoin NFTs are emerging as a viable and attractive alternative, offering unique benefits and opportunities.

In conclusion, the remarkable growth of NodeMonkes and Runestone highlights the vibrant and ever-evolving landscape of the NFT market. With their recent price surges and increased market valuations, these Bitcoin NFTs have not only challenged established collections but have also paved the way for future innovation and expansion within the digital collectibles space.