A new Bitcoin (BTC) ordinals project known as Bitcoin Wizards, along with its native token WZRD, has been making waves in both the cryptocurrency and non-fungible token (NFT) sectors with significant gains in the past 24 hours.

WZRD has seen an 88% increase in value in the last day, currently trading at $9. This makes it the top performer among the top 500 cryptocurrencies. The token reached an intraday high of $113.8 around 09:30 UTC on April 16 due to a surge in trading activity.

On April 15, just five days after its launch, WZRD hit an all-time high of $197.75. The daily trading volume for the token has increased by 198%, now standing at $10.1 million.

According to data from CryptoSlam, Bitcoin Wizards NFT sales volume has jumped by 325% in the past 24 hours, reaching $5.48 million. The number of buyers and sellers has also increased by 110% and 85%, respectively, totaling 547 buyers and 455 sellers.

Global NFT sales volume has seen a 15% increase in the last day, reaching around $40 million. Bitcoin leads the way with $20.6 million in NFT sales, followed by Ethereum with $7.6 million in volume.

Despite Bitcoin’s dominance in NFT sales, only a small portion of its volume, $17,871, is attributed to wash trades. In comparison, Ethereum has a wash volume of $6.5 million.

While Bitcoin-based NFTs have gained momentum over the past year, Binance recently announced that its NFT marketplace will no longer support digital collectibles on the Bitcoin network starting April 18.

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