Bitcoin NFT NodeMonkes Exploded 53%, Beating BAYC NFT

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.