A new Bitcoin (BTC) ordinals project called Bitcoin Wizards, and its native token WZRD, are dominating both the crypto and non-fungible token (NFT) sectors after making significant gains over the past day.
WZRD is up 88% in the last 24 hours and is trading at $9 at the time of writing, making it the biggest gainer among the 500 leading cryptocurrencies. The asset briefly reached an intraday high of $113.8 around 09:30 UTC on April 16 after trading activity skyrocketed.
WZRD Prize – April 17 | Source: CoinMarketCap
On April 15, five days after launch, WZRD hit an all-time high of $197.75. The token’s daily trading volume increased by 198% and currently stood at $10.1 million.
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According to data from CryptoSlam, Bitcoin Wizards NFT sales volume increased 325% to $5.48 million over the past 24 hours. The number of buyers and sellers increased by 110% and 85% in the past day to 547 and 455 respectively.
Additionally, global NFT sales volume has increased 15% in the past 24 hours and is currently hovering around $40 million, per CryptoSlam.
According to the data provider, Bitcoin tops the charts with $20.6 million in NFT sales, followed by Ethereum’s volume of $7.6 million.
Despite Bitcoin leading NFT sales, wash transactions account for only $17,871 of its volume; Ethereum’s wash volume currently stands at $6.5 million.
While Bitcoin-based NFTs have gained impressive momentum over the past year, Binance announced that the exchange’s NFT marketplace will not support digital collectibles on the leading blockchain network starting April 18.
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