{"id":73768,"date":"2024-03-18T03:17:11","date_gmt":"2024-03-18T07:17:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=73768"},"modified":"2024-03-18T03:17:14","modified_gmt":"2024-03-18T07:17:14","slug":"nodemonkes-nft-surge-shakes-up-bitcoin-nft-market","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nodemonkes-nft-surge-shakes-up-bitcoin-nft-market\/","title":{"rendered":"NodeMonkes NFT Surge Shakes Up Bitcoin NFT Market"},"content":{"rendered":"\n<p>NodeMonkes NFTs have soared to new heights, becoming the second-largest NFT collection by market cap, as <a href=\"https:\/\/coinscreed.com\/staging\/luxor-mining-buys-ordinalhub-amid-bitcoin-based-nfts-hype.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoin-based NFTs<\/a> gain unprecedented momentum in the crypto space.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"619\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/nodemonkes-1024x619-1.png\" alt=\"NodeMonkes NFT Surge Shakes Up Bitcoin NFT Market\" class=\"wp-image-73770\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/nodemonkes-1024x619-1.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/nodemonkes-1024x619-1-300x181.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/nodemonkes-1024x619-1-768x464.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/nodemonkes-1024x619-1-750x453.png 750w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In a stunning market upheaval, NodeMonkes\u2019 floor price has skyrocketed by 50%, catapulting the collection to a staggering <a href=\"https:\/\/www.theblock.co\/data\/nft-non-fungible-tokens\/marketplaces\/nft-marketplace-monthly-volume\" target=\"_blank\" rel=\"noopener\">$554 million market cap, <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>outshining the <a href=\"https:\/\/coinscreed.com\/staging\/bored-ape-yacht-club-nfts-lose-steam-as-floor-price-plunges.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bored Ape Yacht Club<\/a> and trailing only behind the iconic CryptoPunks. <\/p>\n\n\n\n<p>This surge represents a broader trend of rising interest in Bitcoin ordinals NFTs, even as the general NFT market experiences a slowdown.<\/p>\n\n\n\n<p>The past 24\u00a0hours have been monumental for NodeMonkes, with a base price increase of over 50% to 0.82 BTC. This leap has not only boosted its market cap but also its sales volume, which has ballooned by 140.8%, reaching $5.1 million.<\/p>\n\n\n\n<p>Another Bitcoin NFT making waves is Runestone, which has seen a growth spurt of over 50% in the past week and is now valued at over 0.04 BTC. With a market cap of $310 million, Runestone has surpassed the Mutant Ape Yacht Club to secure the sixth spot among the largest NFT projects.<\/p>\n\n\n\n<p>A significant shift in the NFT landscape is underway, with traders pivoting their focus to Bitcoin NFTs, mirroring a similar trend from Ethereum to SOL meme coins. This pivot is partly attributed to the rising gas costs on the Ethereum network, prompting a migration towards the more economically viable Bitcoin NFTs.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.theblock.co\/data\/nft-non-fungible-tokens\/marketplaces\/nft-marketplace-monthly-volume\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Recent data<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> indicates a decline in Ethereum-based NFT marketplace volumes, with February\u2019s trading volume dipping to $786.5 million from January\u2019s $867.8 million. This downtrend continues into March, highlighting the shifting strategies of NFT traders towards Bitcoin NFTs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NodeMonkes NFTs have soared to new heights, becoming the second-largest NFT collection by market cap, as Bitcoin-based NFTs gain unprecedented momentum in the crypto space. In a stunning market upheaval, NodeMonkes\u2019 floor price has skyrocketed by 50%, catapulting the collection to a staggering $554 million market cap, outshining the Bored Ape Yacht Club and trailing [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":73770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[13659,13712,18815],"class_list":["post-73768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-news","tag-bitcoin-nfts","tag-bitcoin-ordinals","tag-nodemonkes"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/nodemonkes-1024x619-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=73768"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/73770"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=73768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=73768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=73768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}