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NodeMonkes, a premier Bitcoin NFT collection, has dethroned the iconic Bored Ape Yacht Club (BAYC) in market capitalization. This remarkable feat was achieved through a staggering 53.3% surge in NodeMonkes’ floor price within 24 hours, propelling its valuation to an astonishing $558.9 million.
Monday morning, NodeMonkes’ floor price rose to 0.83 BTC ($55,890), sending it to the second-largest NFT collection by market cap. Only CryptoPunks’ market cap of $1.76 billion surpassed NodeMonkes, while BAYC’s valuation stood at $490.9 million.
The surge in demand for NodeMonkes was evident, with sales volume soaring by 140.8% in the past 24 hours, reaching $5.1 million. Runestone, another known Bitcoin NFT collection, experienced a similar upswing, securing the sixth-largest NFT collection position with a market cap of $306.5 million.
This resurgence of Bitcoin NFTs has captured the attention of the broader crypto community, Strengthening Bitcoin NFTs’ role in the changing NFT scene.
As the market continues to evolve, investors and enthusiasts eagerly await to see if these collections can sustain their newfound momentum and market dominance.
Also read: Bitcoin NFTs Surpass Ethereum in Weekly Sales Surge.
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