Why can the node monkey rise so rapidly? The right time, right place and right people are all essential.

I don’t know if you have paid attention to the recently popular NFT on the Btc chain - NodeMonkes. If you have participated, congratulations on your profit of more than 30,000 US dollars. If you have not participated, reading it may increase your knowledge.

I will try to explain his origins in plain language.

Nodemonkes was born in February 2023. Its founder is Satoshi Ishimoto. His status in the BTC ecosystem is tied with Casey for first place. You can understand that without them, there would be no ordi and no inscription.

After being engraved by Satoshi Ishimoto, Node Monkey was not released immediately. Instead, the project was hyped up and it was not officially released until the end of 2023. It was sold in the form of a Dutch auction. Currently, this form of sale is considered by BTC ecosystem players to be the fairest distribution method.

During the sale period, countless people started to fud Node Monkey, including me. I thought it should be sold for free to conform to the characteristics of the Bitcoin ecosystem (this prejudice also greatly increased the cost of my purchase of Node Monkey). In the end, Node Monkey was sold out at a price of 0.03BTC, which was about 1200U based on the BTC price at the time.

After the sale was completed, the opening price started at 0.07 BTC and fell to a low of 0.05 BTC, almost breaking the issue price. At that time, few people in China studied its background and culture in depth, and did not realize the potential value of the Node Monkey. (During this period, a big man named "Niu Da" participated in the Dutch auction during the sale of the Node Monkey and held the Node Monkey unswervingly. He spent 1.8 bitcoins to bid for 60 monkeys, and later bought more than a dozen in the secondary market. His operation is currently worshipped by all NFT players, because the Node Monkey he bought at a cost of less than 2 bitcoins is now worth 35,000 US dollars per monkey, and he made a profit of about 2.7 million US dollars.)

Driven by loyal foreign players, the price continued to rise, reaching a high of 0.3 BTC, and then fell back and consolidated. After about 40 days of consolidation, it continued to explode. The current floor has been pulled down to 0.55 BTC, with a market value of 341 million US dollars.

Why is it accepted by so many people? You should know that in the last round of the inscription bull market, the NFT market of Bitcoin was not so active. But now in the inscription bear market, the NFT market has started a bull market.

It can be seen that his advantages are extraordinary.

1. He is the first original 10K collection on the btc chain.

You can understand that 10K is a standard for each blue-chip NFT. Looking at the total number of blue-chip NFTs, it is basically 10k, because its number determines the number of owners and the discussion activity of the project.

And he is original, originality is extremely important in the field of NFT, originality is the key to his vitality, the punk boring ape engraved before him was gradually forgotten by the market because it was not original (no one wanted to buy a replica). This NFT collection is carefully designed, including punk elements, boring ape elements, including the popular laser eyes, crowns, apertures, aliens, zombies, basically all the elements that NFT players like can be found in this collection, as if he is telling everyone, you all come to play node monkey, I have everything you want.

2. Founder Satoshi Ishimoto is the next big thing

After parting ways with Casey, Satoshi Ishimoto did not give up the Ordinals ecosystem. He wanted to continue building. From NFT to the concept of Runes, he did not leave any behind. After the sale of the Node Monkey project, he airdropped an RSIC (a total of 21,000) to basically every Node Monkey and a specific NFT project. At first, no one knew what it was, and the floor rolled up to 600u. Later, everyone knew that this was the Rune Miner NFT airdropped by Satoshi Ishimoto for everyone. After transferring once, mining began, that is, Rune tokens (Rune tokens are the next climax, which is even more violent than the inscriptions at that time. I will talk about it separately later). When everyone began to understand the value of RSIC, the floor climbed to 0.12BTC, and then everyone started mining. As long as RSIC is in their wallet, they will mine 24 hours a day. After everyone has been mining for a while, perhaps the participation in the project did not meet Satoshi Ishimoto's expectations, he set up an accelerated NFT, that is, the users who are now on the train hold an RSIC and an accelerator NFT. The mines you mine are not much different from those who started mining on the first day. Of course, from this moment on, everyone can buy an accelerator to accelerate. This series of operations made me feel that Ishimoto Satoshi is a very thoughtful person. From node monkey to rsic, his series of operations made me very impressed.

I always feel that investing in projects and companies is investing in people, investing in people who have ideas and the ability to subvert cognition.

Perhaps after the rune is opened, Ishimoto Satoshi will directly switch to working on the BTC2 layer. If that is the case, his ecological layout is really terrifying.

3. Elonmusk cancels special certification for Twitter NFT holders

Elon said on his Twitter that NFT should be stored on the chain, not on the server like the Ethereum chain. The NFT on BTC really engraved the image on Bitcoin and kept it forever. As long as BTC does not disappear, NFT will be kept forever. Elon then cancelled the special mark of X certifying ETH NFT holder, which represents his denial of Ethereum chain NFT. If X supports certifying BTC NFT in the future, then...

4. Ordinals NFT is the trend

Opensea, the former controller of the NFT market, is no longer the same as it used to be. Blur, which is in its heyday, has seized the market from Opensea. The existing market is so small, and if it is taken away, the market will be over. Of course, Blur also knows this, so when the inscription market was hot this year, they saw the cake of BTC ecological NFT. Both Opensea and Blur will definitely support the transaction of Ordinals NFT. This is a huge flow of traffic, and it also has a positive backflow effect on Ordinals NFT. As an NFT trading market, magicden has taken the lead in completing multi-chain aggregation. At present, its market supports NFT transactions of SOL, BTC, ETH, and POLYGON. The leading NFT of the Ethereum chain, PUNK, and Bored Ape and other projects have all joined, which is a huge benefit to the entire NFT market. This round of outbreak is inseparable from the recognition of various foreign NFT whales. They have leveraged the popularity of Node Monkey on the entire network.

In the past, people in the cryptocurrency world said that they would keep a Bitcoin as an heirloom. Now you have an additional option for your heirloom, which is Node Monkey. It can also be kept forever like BTC.

Thank you for reading the article. If there are any deficiencies or misunderstandings in the content, please correct them.

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