A newly emerged project in the cryptocurrency space, Bitcoin Wizards, and its associated token WZRD, have quickly risen to prominence, capturing the attention of both crypto and non-fungible token (NFT) enthusiasts with remarkable gains.
WZRD has experienced a staggering 88% surge in value over the past 24 hours, currently trading at $9. This impressive performance positions it as the top performer among the top 500 cryptocurrencies. Notably, WZRD briefly reached an intraday high of $113.8 on April 16, fueled by a surge in trading activity.
Since its launch just five days ago, WZRD reached an all-time high of $197.75 on April 15, reflecting a rapid ascent in value. The token’s daily trading volume has also soared by 198%, reaching $10.1 million.
Simultaneously, data from CryptoSlam reveals a substantial increase in Bitcoin Wizards NFT sales volume, soaring by 325% over the past 24 hours to reach $5.48 million. The surge in trading activity is accompanied by a notable uptick in the number of buyers and sellers, rising by 110% and 85%, respectively.
Overall, the global NFT sales volume has increased by 15% within the same timeframe, reaching $40 million. Bitcoin leads the NFT sales charts with $20.6 million, followed by Ethereum with $7.6 million in volume.
However, it’s worth noting that only a fraction of Bitcoin’s NFT sales volume, amounting to $17,871, is attributed to wash trades, whereas Ethereum’s wash volume stands at $6.5 million.
Despite the impressive momentum of Bitcoin-based NFTs over the past year, Binance recently announced that its NFT marketplace will cease support for digital collectibles on the Bitcoin network, effective April 18. This decision marks a significant development in the NFT landscape, potentially impacting future trends in the market.
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