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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 recording significant gains over the past day.
WZRD is up by 88% in the past 24 hours and is trading at $9 at the time of writing — making it the top gainer among the leading 500 cryptocurrencies. The asset briefly touched an intraday high of $113.8 at around 09:30 UTC on April 16 after its trading activity skyrocketed.
WZRD price – April 17 | Source: CoinMarketCap
On April 15, five days after its launch, WZRD reached an all-time high of $197.75. The token’s daily trading volume surged by 198%, currently standing at $10.1 million.
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According to data provided by CryptoSlam, the Bitcoin Wizards NFT sales volume rallied by 325% over the past 24 hours, reaching $5.48 million. The number of buyers and sellers increased by 110% and 85% over the last day, reaching 547 and 455, respectively.
Moreover, the global NFT sales volume surged by 15% in the past 24 hours and is currently hovering at the $40 million mark, per CryptoSlam.
According to the data provider, Bitcoin is leading the charts with $20.6 million in NFT sales, followed by Ethereum’s $7.6 million volume.
Despite Bitcoin leading the NFT sales, only $17,871 of its volume accounts for wash trades — Ethereum’s wash volume is currently sitting at $6.5 million.
While the Bitcoin-based NFTs 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 on April 18.
Read more: Uniswap trading volume reaches $3b despite SEC claims
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