Coin Edition -
- Bitcoin NFT NodeMonkes soared 53% to become the second most valuable NFT collection.
- Meanwhile, Bore Ape Yacht Club NFT saw a 7% decline in its floor price.
- The surge in NodeMonkes’ price emerged as Bitcoin regained $68,850.
Bitcoin has spearheaded a relief rally in the crypto market in the last 24 hours, propelling staggering price gains for the non-fungible token (NFT) market, particularly Bitcoin-based NFTs.
Data from the market tracking platform CoinGecko shows that the NFTs market saw a significant 3.2% gain, amounting to over $2.37 billion, within the last 24 hours. Leading this significant gain was NodeMonkes, a Bitcoin Ordinals NFT.
In particular, NodeMonkes’ price has exploded by 53% to rank as the second most valuable NFT collection, trailing just behind blue-chip Bore Ape Yacht Club (BAYC). At press time, NodeMonkes’ floor price reached 0.82 BTC, equivalent to $55,980.
While the Bitcoin-based NFT records a staggering 53% gain, the renowned Ethereum-based NFT BAYC saw a 7% decline in its floor price. Similarly, Solana-powered NFTs like Froganas witnessed a 13% crash in sales volume.
NFT market statistics from CryptoSlam added more context to NodeMonkes’ recent astonishing gain. Per the record, NodeMonkes NFT sales soared by 156% in the past 24 hours to reach $5,496,881. This figure resulted from the Bitcoin NFT recording 118 sales transactions from 99 buyers and 94 sellers.
Moreover, the sales volume represents a remarkable 103% increase compared to the previous day’s figure. Accordingly, NodeMonkes now has a total of 2,278 owners. NFT collectors typically hold NodeMonkes NFT for an average of 12 days, which translates to a positive 48% gain compared to the previous metric.
Notably, the surge in NodeMonkes NFTs emerged as Bitcoin regained $68,850 in the last 24 hours, having tanked to $64,890 last week.
Remarking on NodeMonkes’ performance, Nick Ruck, Chief Operating Officer of ContentFi Labs, drew parallels with the new trend of traders increasingly looking for Solana-based meme coins. “Just as token traders pivoted from ETH to SOL meme coins, NFT traders have been pouring into Bitcoin NFTs,” Ruck said.
The post Bitcoin NFT NodeMonkes Exploded 53%, Beating BAYC NFT appeared first on Coin Edition.