Discover the top 10 NFT collections on the Bitcoin blockchain by market capitalization in December 2024.
The top 10 NFT collections by market cap are calculated based on the total value of all the NFTs within a collection. Here’s a breakdown of how this is typically done:
Determine the Total Supply
The total number of NFTs in the collection is considered. This is typically a fixed number for most collections but may vary with some dynamic projects.
Find the Floor Price
The floor price is the lowest price at which an NFT in the collection is currently listed for sale on the market. This is often used as the baseline value for the NFTs in the collection.
Calculate the Market Cap
The market cap of a collection is calculated using the formula:
Market Cap = Floor Price × Total Supply
This gives an approximate valuation of the entire collection based on the minimum entry price.
Adjust for Rarity and Sales Data (Optional)
Some platforms may refine the calculation by incorporating average sale price or rarity-weighted values, then considering the volume of recent sales, which reflects actual demand.
The Top 10 NFT Collections By Market Cap On Bitcoin In 2024 [Listed]
10. Based Angels
9. Natcats
6. Bitmap
5. Quantum Cats
3. Runestone
2. NodeMonkes
AND THE WINNER IS...
