The NFT market on Bitcoin’s Ordinals protocol has been gaining momentum, with the NodeMonkes collection leading the charge.
Over the past seven days, NodeMonkes jumped from the 10th to the 5th largest NFT collection by market cap, marking a significant rise in its standing.
The @nodemonkes NFT collection jumped from rank #10 to #5 in the last 7 days, becoming the fifth largest NFT collection by market cap. pic.twitter.com/cBRhJhWr7X
— CoinGecko (@coingecko) September 24, 2024
Notably, five of the top ten NFT collections by market cap are now Bitcoin Ordinals collections, further cementing Bitcoin’s dominance in the NFT space. Bitcoin also continues to rank as the number one blockchain for NFT sales volume. Some of the top Ordinals collections include:
– #1 NodeMonkes
– #3 BitcoinPuppets
– #4 OrdinalMaxiBiz
– #7 TaprootWitches
– #8 TaprootWizards (Quantum Cats)
Despite a slight dip in the broader NFT market, with the CryptoSlam 500 NFT Index down 5.06% over the past 30 days, the Ordinals ecosystem is seeing impressive activity. The NFT global market also shows a strong 24-hour performance with:
– $13.27 million in NFT sales (+23.51%)
– 67,379 buyers (+20.33%)
– 32,176 sellers (+10.40%)
– 184,106 transactions (+20.27%)
GM! ⚡️
5 of the Top Ten NFT Collections are Bitcoin Ordinals collections, and Bitcoin remains the #1 blockchain by NFT sales volume.
1 @nodemonkes
3 @BitcoinPuppets
4 @OrdinalMaxiBiz
7 @TaprootWitches
8 @TaprootWizards (Quantum Cats)Ordinals are undeniable.
Are We Back?… pic.twitter.com/JBO0YhUlDs
— CryptoSlam! (@cryptoslamio) September 24, 2024
While the broader NFT market may show some decline, Ordinals collections like NodeMonkes are thriving, raising questions about a potential market resurgence. Could this Ordinals-led growth signal the start of a wider recovery in the NFT space?
The rapid growth of these Bitcoin-based collections suggests that Ordinals are here to stay and may lead the next wave of innovation and market activity in the NFT landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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