Rune

Bitcoin

April

<a href="https://bitcoinworld.co.in/bitcoin-ordinals-collection-nodemonkes-briefly-surpassed-bayc-in-market-cap/" title="Bitcoin Ordinals Collection NodeMonkes Briefly Surpassed BAYC in Market Cap" rel="noopener noreferrer nofollow"></a>
Bitcoin Ordinals project NodeMonkes has briefly surpassed the Bored Ape Yacht Club (BAYC) in market capitalization on Monday.&nbsp;
According to cross-chain NFT marketplace <a href="https://magiceden.io/popular-collections" rel="noopener noreferrer nofollow">Magic Eden</a>, NodeMonkes’ market cap temporarily surpassed BAYC’s market cap.&nbsp;
However, at the time of writing, NodeMonkes traded back below to a market cap of 6,500 BTC, or around $419 million, while BAYC’s market cap is 135,000 ETH, or around $453 million.
Launched in December, NodeMonkes is a collection of 10,000 8-bit monkey-themed digital collectibles.&nbsp;
The market cap for an NFT project is the floor price multiplied by the number of assets in the collection.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/book-of-meme-bome-forecasted-to-hit-new-ath-heres-when/" aria-label="“Book of Meme (BOME) Forecasted To Hit New ATH: Here’s When” (Edit)" rel="noopener noreferrer nofollow">Book of Meme (BOME) Forecasted To Hit New ATH: Here’s When</a>
The surge in NodeMonkes’ value is part of a broader trend of rising demand for Bitcoin Ordinals projects.&nbsp;
Ordinals are digital artifacts that can be inscribed onto the Bitcoin blockchain.&nbsp;
Over the last week, Ordinals projects have racked up $135 million worth of trading volume, per data from CryptoSlam, while Ethereum NFTs have tallied $110 million in sales volume.
Another prominent Ordinals project, Runestone, has also seen a surge in value.&nbsp;
Following an airdrop on March 14, the collection of 112,383 tokens on Bitcoin skyrocketed into the top three most-traded NFT projects, with $5.3 million in daily trading volume.&nbsp;
The Runestone airdrop was a significant milestone for the collection, and the main event will occur after the Bitcoin halving in April when the Rune token protocol by Ordinals creator Casey Rodarmor comes online.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/bitcoin-ordinals-collection-nodemonkes-briefly-surpassed-bayc-in-market-cap/" rel="noopener noreferrer nofollow">Bitcoin Ordinals Collection NodeMonkes Briefly Surpassed BAYC in Market Cap</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Bitcoin Ordinals Collection NodeMonkes Briefly Surpassed BAYC in Market Cap

ItsBitcoinWorld

Other articles published on Mar 20, 2024

BlockDAG Sprinting Towards $6M! Arweave To Surpass Previous ATH? Shiba Inu Faces Volatility!

How To Buy Bitcoin And Remain Profitable Despite Pullbacks: A Trader's Strategy

Tornado Cash Founder Charged For Allegedly Aiding $1.2 Billion In Laundered Funds

Researchers Urge Ethical AI Development for Children’s Well-being

Top 3 Crypto Investments That Could Secure Your Future: Ethereum (ETH), Shiba Inu (SHIB), and Ret...

Bonk Price Prediction: Is a Bullish Rebound on the Horizon?

Join our free newsletter for daily crypto updates!