Nfts
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NFT roundup
Ordinals up, ETH NFT down
This week, blue-chip ETH NFTs have struggled – with Punks seeing their first sale in the 1920s (ETH) in almost three years. Meanwhile, Bitcoin-based ordinals and runes have gained popularity.
The total market capitalization of the top 10 Bitcoin-based NFTs, including ordinals and runes, soared to $1.03 billion after an average daily trading volume of $2.25 million in May.
Popular collections like NodeMonkes, Bitcoin Puppets, and Runestones all surged, up 5%, 8%, and 15%, respectively. Additionally, popular runes like PUPS, a Rune memecoin inspired by Bitcoin Puppets, and WZRD, a Rune token based on Taproot Wizards, are also on the rise. ~25% And ~40%.
Despite lagging behind Ethereum and other chains in sales volume, Bitcoin NFTs have continued to attract global interest. An increase in Google searches, a common metric for measuring sentiment, for “Ordinals” and “Bitcoin NFTs” suggests they still hold strong potential for future growth, which could be further accelerated by OP_CAT update if the proposal is accepted.
It’s a good lesson: Anytime Crypto Twitter considers something dead and buried, it’s probably not a bad time to buy.
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