NodeMonkes, a leading NFT collection inscribed on Bitcoin's Ordinals protocol, experienced a significant surge in price and volume after Bitcoin's recent rally.
The rise highlights increased network engagement with Bitcoin-native NFTs, potentially impacting market trends and trader activity uniquely positioned away from Ethereum's typical dominance in the NFT space.
The NodeMonkes NFT collection has experienced a price and volume surge, reaching a yearly peak. This event coincides with Bitcoin's latest rally, highlighting an increased interest in BTC-based NFTs.
Involving the anonymous NodeMonkes team, the collection first launched in December 2023. It's trading primarily on Magic Eden's Ordinals marketplace, an NFT hub known for BTC-native assets.
NodeMonkes NFT Volume Hits Yearly Peak
The NodeMonkes NFT collection has experienced a price and volume surge, reaching a yearly peak. This event coincides with Bitcoin's latest rally, highlighting an increased interest in BTC-based NFTs.
Involving the anonymous NodeMonkes team, the collection first launched in December 2023. It's trading primarily on Magic Eden's Ordinals marketplace, an NFT hub known for BTC-native assets.
NodeMonkes’ activity has significantly boosted our trading volume in the BTC Ordinals section, marking a new chapter for Bitcoin-based NFTs.
NodeMonkes Market Cap Reaches $92.6 Million
There is a rise in network fees and trading activities related to NodeMonkes. The project does not directly impact Ethereum-based systems due to its BTC-native nature.
The market cap stands at approximately $92.6 million, supported by unique holders and high demand. Marketplaces report record trading volumes, underscoring the collection's influence.
NodeMonkes Mirrors CryptoPunks in BTC Space
The surge bears resemblance to CryptoPunks and Pudgy Penguins on Ethereum. However, NodeMonkes is notable for its position in the emerging Bitcoin NFT landscape.
Kanalcoin analysts identify that this activity reflects a growing trend in Bitcoin-based NFTs. Historical data suggests heightened interest could sustain increased market activity in coming months.