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NodeMonkes Take Center Stage in Bitcoin NFT Market

The Bitcoin, crossing the $65,000 mark earlier in the day, is showing a rise of nearly 5.4% over the past 24 hours.

In a context where Bitcoin is approaching $69,000, a remarkable phenomenon is shaking up the world of digital assets: NFT collections based on Bitcoin have recorded a higher trading volume than those on Ethereum in the past 24 hours.

NodeMonkes in the Spotlight

The art of NodeMonkes, comical pixelated digital images of monkeys engraved on the Bitcoin blockchain, has captured market attention. Launched in December 2023, this collection has already surpassed $11 million in sales volume, reaching a historical peak this Monday. The floor price was around $9,000, but one of these ‘monkes’ sold for over a million dollars in Bitcoin earlier in the day.

A Turning Point for Bitcoin NFTs

This trend indicates a growing interest in Bitcoin-based assets, with a trading volume of $35 million for Bitcoin collections compared to $22 million for Ethereum collections over the past 24 hours. The NodeMonkes boast of being the first collection of 10,000 profile pictures on Ordinals, a method that allows for text, data, and art to be recorded on individual fragments of Bitcoin.

The fact that the art of NodeMonkes was recorded on Bitcoin in February 2023, before other pioneering collections like Bitcoin Frogs and Space Pepes, gives them an exclusive and rare status in the eyes of investors.

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