Runestone NFT Hits $420M Market Cap, Becomes 2nd Largest in 22 Days

Runestone, a rising star in the NFT world, has quickly ascended to become the second-largest NFT collection by market cap, overtaking the Bored Ape Yacht Club (BAYC) in just 22 days. This significant achievement has sparked a wave of enthusiasm among investors and collectors, with the collection achieving a new all-time high (ATH) market cap of $420 million. The Runestone collection has been buoyed by its strong performance against Bitcoin, with notable resilience in bouncing back from the .0429 BTC range multiple times since April 1st. Additionally, the project announced three memecoin rune airdrops to all Runestone holders, further fueling speculation about its potential to reach new heights, possibly approaching 0.1 BTC soon. The collection's rapid rise, marked by a $400,000,000 market cap and a floor price of 0.054788 BTC, underscores the growing interest in NFTs and their potential for substantial market impact.