Bitcoin Frogs’ NFT Sales Leaped to Top Spot

recently minted bitcoin frog The NFT collection is Shock the digital art market. Launched just a few months ago, these “Crypto Amphibians” claim the top spot as the most traded collectibles and continue to overtake famous OG NFTs to date. rice field. bored monkey.

Introducing the ongoing frog trend, space pepes has just taken over the pole position, but don’t worry. The future of Bitcoin Frog is still bright. Representing a digital collection inspired by 10,000 frogs and launched on the Bitcoin Ordinals platform in late February, Bitcoin Frog’s total sales hit $7,530,033.19 (278.2482 BTC) in May alone. .

Currently, the average selling price of Bitcoin Frogs NFTs is hovering around $3,000 (0.12 BTC). However, the highest sales in the last 24 hours (just a short time ago) was a whopping $38,5000. These prices may seem daunting, but the increase in trading volume suggests otherwise. Trading volumes reveal a continued fascination for such NFTs, bringing in 2,815 private owners since their debut. Market participants, including novices and experienced NFT traders, show a special dedication by paying transaction fees ranging from $50 to an eye-popping $1,2,000.

Bitcoin Frog #2276 sold on Magic Eden for 0.2 BTC ($5388.72) https://t.co/8mS2EDaGDb pic.twitter.com/QlQ1OeFZdg

— Bitcoin Frog Selling Bot (@BTCFrogsBot) May 19, 2023

Ordinals push Bitcoin Frog NFTs to even greater heights

The notable rise in popularity of Bitcoin Frogs collectibles has to do with the pioneering Ordinals protocol. This revolutionary platform will break new ground in the world of NFTs, facilitating the issuance and creation of unique tokens directly on the Bitcoin blockchain.

Ordinal’s most identifiable feature allows users to ‘write’ digital works of art onto the blockchain network through Bitcoin transactions, representing a shift in how art and blockchain technology are implemented. The monumental acceptance of this revolutionary process is transparent, with 3 million inscriptions on display each month, surpassing previous records. 1 million registrations completed within 3 months of launch. Bitcoin Frogs rose to fame by capitalizing on ongoing trends. This new approach will streamline the NFT trading and creation process and attract an engaged and diverse audience.

The synergy between Ordinals and Bitcoin Frogs NFTs demonstrates the evolutionary potential of the NFT space. This protocol approach has the potential to be a game changer for artists, investors and on-chain projects. The success of Bitcoin Frogs is a testament to the pioneering technology, art and influence of the Ordinals protocol.

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*All investment/financial opinions expressed by NFT PLAZA are based on the site moderator’s personal research and experience and are for educational material only. Individuals should thoroughly research any product before making any type of investment.