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Bitcoin Frogs Get $2.2M in Rapid Trading Frenzy
Bitcoin Ordinals have taken the NFT market by storm and are currently the talk of the town. Recently, a project called Bitcoin Frogs generated more than $2.2 million in volume in a single day. Here is everything you need to know.
The NFT world is buzzing with excitement as one fresh player stands in the center. Meet Bitcoin Frogs, a newly launched collection of 10,000 unique NFTs with adorable frog-themed artwork. Since its debut in late February, this collection has skyrocketed, amassing an impressive trade volume of over $2.2 million in just 24 hours. Bitcoin Frogs have jumped their way to success in the fast-paced NFT market.
The Rise of Bitcoin Frogs and Bitcoin NFTs
Bitcoin Frog’s rapid rise highlights the growing demand for NFTs minted on the Bitcoin blockchain. While Ethereum remains on top in NFTs, Bitcoin’s influence is increasing. The Frogs have surpassed Solana in trade volume by over $30 million in the past week, showing the potential to shake up the status quo.
Over the past week, the collection has reached an impressive trading volume of 139 BTC ($3,782,300). Additionally, each NFT’s current floor price is currently 0.115 BTC ($3,129). These numbers show the value of these frogs and their increasing popularity in the NFT market.
Bitcoin Ordinals are creeping up on Ethereum
Bitcoin Frogs has been making waves by outperforming renowned NFT gatherings, including the infamous Bored Ape Yacht Club. It seems Bitcoin Frogs’ potential for continued success is almost a sure thing. With a total sales volume of $7,530,033.19 (278.2482 BTC) in May alone, this collection of 10,000 frog-inspired digital collectibles is making its mark.
While the average selling price for a Bitcoin Frogs NFT is around $3000 (0.12 BTC), recent sales show the potential of this project. On the last day, the highest sale was recorded at a staggering $38,500. Despite the high prices, continued trading volume suggests that Bitcoin Frogs continue to capture attention. With 2.8 unique holders since its debut, newcomers and traders alike are willing to pay fees ranging from $50 to $1,200 to be a part of this collection.
Bitcoin Frogs is powered by Deezy. Deezy serves “businesses, node runners, creators and collectors”. It facilitates seamless integration between chain and lightning networks with fast apps and products. This ensures improved payment reliability through their well-connected nodes. Therefore, part of the frog’s success must be credited to Deezy.
In addition, Bitcoin Future software empowers artists by helping them launch NFTs on the Bitcoin network. With inscription services, creators have the freedom to design, inscribe, launch and sell their unique collections. This commitment to helping artists and collectors plays an important role in creating a thriving ecosystem.
The rapid rise of Bitcoin Frogs in the NFT market shows the growing impact of Bitcoin-based NFTs. Amassing more than $2.2 million in trading volume within 24 hours is very impressive. As the NFT industry continues to evolve, innovative projects like Bitcoin Frogs outline the ongoing opportunities for artists, collectors, traders and developers.
