Under the basic overview, the research unit of Star number predicts that by March 2025, the market capitalization of the new bitcoin irreplaceable dynamic password (NFT) market is expected to exceed 4.5 billion US dollars.

Since the release of the numbering agreement at the end of January, bitcoin NFT or numbering has caused a lot of concern, under which users can record logs such as images, PDF, video, audio, and audio on separate communications satellites, each of which means 0.00000001 bitcoin (BTC).

NFT bosses such as Uga Lab even joined this hot spot. On Feb. 28, the $4 billion company unveiled a new NFT project based on bitcoin called "12x", which clearly identified with the ordinal movement.

In a new statement released on March 3, Star researchers described the potential improvement in bitcoin NFT, which is conservatively possible based on the annual growth rate of the etheric NFT market in recent years.

Although there is a clear difference between runes and NFT, it is fair to say that NFT's local chain ecosystem has long been happening on Bitcoin in a way that has never happened before, so its use has been exploding.

The report brings three market capitalization forecasts based on the company's analysis, including a bear market, stock fundamentals and a big bull market.

According to Galaxy's baseline analysis, the report briefly said that if Bitcoin NFT could "expand into mainstream NFT culture and art such as PFP, emoticons and new utility projects", its market capitalization would increase to $4.5 billion.

The researchers also mentioned that the $4.5 billion forecast is mainly based on "the rapid development of rune concepts, coupled with the market / wallet infrastructure that is already online today."

In a bullish situation, it is not easy for Bitcoin NFT to sneak into the popular NFT market and steal market share from the etheric market share. Galaxy may still have a market capitalization of $1.5 billion, depending on its current level of hobbies and supporting infrastructure.

On the positive side, star researchers may think that if the bitcoin NFT market competes strongly with Ethernet NFTs while enjoying unusual use cases, the bitcoin NFT market could reach around $10 billion.

By the time the report was released, more than 250000 numbers had entered the market. The researchers elaborated on the importance and security of Bitcoin NFT, emphasizing:

"improving large-scale file storage with strong ease of use guarantees has opened up a variety of use cases, many of which are just beginning to explore, including new blockchain technology, mobile software or bitcoin extension technology. However, even the use case of NFT may greatly expand the historical and cultural influence of Bitcoin.