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The Ordinals NFT market is experiencing a resurgence following a recent global market wobble, with the floor price for the @nodemonkes project, the largest in the Ordinals category by market capitalization, increasing by 34.2% in just one day. This uptick comes amid a broader discussion about the potential for Ordinals and other NFT projects to gain value, especially if Bitcoin surpasses the $100,000 mark. Enthusiasts within the community express optimism about the future of Ordinals, with some suggesting that projects like NodeMonkes could rival established names in the NFT space.
So why shouldn't Ordinals, NFTs, & Runes have a huge rally this year?
I can’t stop thinking that top 4 ordinals are insanely undervalued right now. If bitcoin breaks $100k and people feel euphoria again, I have to imagine some of that moves to ordinals. Will NodeMonkes be the ordinal BAYC?
THE RISE OF ORDINALS: A NEW CHAPTER IN NFTs (Longread, but totally worth it) I’ve been deep in crypto for over four years, and during that time, I’ve seen the NFTs rise and fall on platforms like Ethereum, Solana, and others. Now, as I invest in various NFT projects, I’m using… https://t.co/mFH7pGTgQs