A new Bitcoin (BTC) ordinal project called Bitcoin Wizards and its native token WZRD are dominating both the cryptocurrency and non-fungible token (NFT) sectors after posting significant gains over the past day.
WZRD is up 88% in the last 24 hours and is trading at $9 at the time of this writing. It is showing the highest increase among the major 500 cryptocurrencies. The asset briefly touched an intraday high of $113.8 around 09:30 UTC on April 16 after a surge in trading activity.
On April 15, five days after launch, WZRD hit an all-time high of $197.75. The token’s daily trading volume has increased by 198% and now stands at $10.1 million.
According to data provided by CryptoSlam, Bitcoin Wizards NFT sales increased 325% in the last 24 hours, reaching $5.48 million. The number of buyers and sellers increased by 110% and 85% compared to the previous day, reaching 547 and 455, respectively.
Moreover, global NFT sales have surged 15% in the last 24 hours and are currently hovering around $40 million as of CryptoSlam.
Bitcoin leads the charts with $20.6 million in NFT sales, followed by Ethereum with $7.6 million, according to the data provider.
Despite Bitcoin leading NFT sales, only $17,871 of the volume is used in wash sales. Ethereum’s highest trading volume currently stands at $6.5 million.
Although Bitcoin-based NFTs have gained impressive momentum over the past year, Binance announced that the exchange’s NFT marketplace will no longer support digital collectibles on the major blockchain network starting April 18.