The non-fungible token market has seen positive growth today following a strong return of bitcoin Ordinals to the market. bitcoin Ordinals, which used to be the center of attention several months ago, have been falling in trading sales volume, dropping by over 90% in the past three months. Today, bitcoin Ordinals have seen a strong resurgence, giving investors some hope that nfts are here to stay.
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Guys? Why are the ordinals going up? image.twitter.com/2Ehb2Z9HGu
— wale.moca (@waleswoosh) twitter.com/waleswoosh/status/1838533889834332353?ref_src=twsrc%5Etfw”>September 24, 2024
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Welcome back Ordinales image.twitter.com/oQsOxeSqEz
– Adam Hollander (@HollanderAdam) twitter.com/HollanderAdam/status/1838586071443234993?ref_src=twsrc%5Etfw”>September 24, 2024
bitcoin nft sales surge 42% in the past 24 hours
Data collected by CryptoSlam.iobitcoin-based nfts, a multi-chain non-fungible token explorer and analytics center backed by Mark Cuban, indicate that bitcoin-based nfts have significantly increased in trade sales volume today. Over the past 24 hours, bitcoin-based nfts, including Runes, Ordinals, and BRC-20 nfts, have seen a trade sales volume of $4.2 million, representing a 42% increase from the previous day.
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bitcoin, which used to be the leading blockchain network for nfts, lost its market dominance to ethereum and Solana sometime in April after the market hype that led to its resurgence faded. Since then, bitcoin nfts have fallen by over 90%, with some crypto traders even declaring that the ordinal ecosystem was already dead. Today, bitcoin has turned these sentiments on their head.
During this time, ethereum has followed closely behind bitcoin in nft market dominance, with a trade sales volume of $3.3 million in the past 24 hours. Solana and Polygon follow closely behind bitcoin and ethereum in the rankings, with a trade sales volume of $1.9 million and $1.4 million. In the past 24 hours, Solana and Polygon-based nft collections have increased by 22.8% and 8.41%, respectively. Below we list the top five best-selling nft collections on the bitcoin network:
1. NodeMonkes nft Collection
NodeMonkes, a collection of non-fungible tokens that includes a limited set of 10,000 digital items, is the top-selling ordinal collection in the bitcoin nft ecosystem, taking back the mantle from CryptoPunks, which have been in the spotlight in recent weeks. In the past 24 hours, the NodeMonkes nft collection has raised a sales volume of $838,363. During this time, the sales volume of NodeMonkes nfts has plummeted by 21% compared to the previous day.
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2. bitcoin Puppet nft Collection
bitcoin Puppets, an ordinal collection featuring a limited supply of 10,001 unique PFPs (profile pictures) hand-drawn in MS Paint by a 12-year-old, is the second best-selling ordinal collection on the bitcoin nft marketplace today. Over the past 24 hours, the bitcoin Puppets nft collection has accumulated a trading sales volume of $754,058, a 48% increase from the previous day.
3. Ordinal Maxi Biz nft Collection
Ordinal Maxi Biz, a renowned nft collection by nft artist Tony Tafuro, consisting of a fixed supply of 5,141 unique hand-drawn nfts each with distinctive eye color traits based on the specific block they were created on, is the third best-selling nft collection on the bitcoin nft marketplace. Over the past 24 hours, the Ordinal Maxi Biz nft has accumulated a trading sales volume of $461,021, up 50% from the previous day.
4. Quantum Cats nft Collection
Quantum Cats, an ordinal collection from the Taproot Wizard digital asset that includes a limited set of 3,333 minted cat images with ordinal inscriptions, is the fourth best-selling ordinal collection on the bitcoin nft marketplace. Over the past 24 hours, the Quantum Cats nft collection has attracted a trade sales volume of $388,257. During this time, trade sales of Quantum Cats nfts have increased by 262% compared to the previous day.
5. Taproot Witches nft Collection
Taproot Witches, a non-fungible token collection project on the bitcoin network created by a renowned artist known for the Quantum Cats collection, is the fifth best-selling nft collection on the bitcoin nft market. In the past 24 hours, the Taproot Witches nft series has recorded a trading sales volume of $380,100, up 227% from the previous day.
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