Ethereum

Maker

Bitcoin

Optimism

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Trading volumes and prices for select NFTs are on the rise, buoyed by Bitcoin’s performance.</li>
 <li>Ethereum-based NFT project, Milady Maker, has seen a significant increase in sales and transactions.</li>
</ul>
<h2 id="bitcoin-s-performance-boosts-nft-projects">Bitcoin’s Performance Boosts NFT Projects</h2>
<p>Bitcoin’s challenge to its all-time high has sparked optimism in other crypto-market sectors. <br> This optimism has led to a surge in prices and trading volumes for select non-fungible tokens (NFTs).</p>
<p>Bitcoin Ordinals, a prime NFT, saw its trading volume exceed $51 million yesterday, a level not witnessed since December 2023. <br> This surge in interest also resulted in transaction count and user metrics reaching similar highs.</p>
<h2 id="notable-nft-projects-experience-growth">Notable NFT Projects Experience Growth</h2>
<p>NodeMonkes, a premier Bitcoin NFT, saw its price surge by roughly 25% to 0.875 <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> on Magic Eden. <br> The 24-hour trading volume reached nearly 282 BTC, and the collection’s sales have risen by over 56%.</p>
<p>Bitcoin Puppets, another NFT collection, has seen a similar increase, with its floor price currently exceeding a quarter of a Bitcoin. <br> Additionally, Magic Eden has established itself as the leading platform for Ordinals trading, accounting for nearly 77% of the volume.</p>
<p>Bitcoin Ordinals serve as a method to store data such as images and text directly on the Bitcoin blockchain. <br> This functionality enables the creation of NFTs on the Bitcoin network, also known as Ordinal NFTs.</p>
<h2 id="ethereum-based-nft-projects-also-see-growth">Ethereum-based NFT Projects Also See Growth</h2>
<p>The surge in NFT prices is not exclusive to Bitcoin. <br> The <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>-based NFT project, Milady Maker, has experienced a 24-hour sales increase of approximately 240%, with transactions rising by 186%.</p>
<p>This increased interest has pushed the collection’s floor price to almost 5 ether ($17,000), a seven-day increase of more than 110%. <br> Redacted Remilio Babies, a Milady-adjacent NFT, has also seen its floor price increase to 1.47 ether on Blur, a one-day change of 40% and a seven-day increase of 117%.</p>
<p>However, other prominent Ethereum NFTs have not fared as well over the past week. <br> For instance, Pudgy Penguins’ floor price has declined by nearly 24% in the past seven days, while Azuki has dropped more than 17%.</p>
<p>Despite this, the overall NFT sales volume has grown by over 35% in the past seven days.</p>

Rising Interest and Optimism Fuel NFT Projects, Bolstering Bitcoin and Milady Maker

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