Bitcoin Wizards dominates crypto and NFT scenes with impressive gains

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. 

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.

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.