Bitcoin Frogs Are Moving. Each Frog Is Now Worth $11,287 / 0.2677BTC

Ribbiting its way to the top of the NFT market.

Following the launch of the Ordinals Protocol earlier this year, Bitcoin NFTs have witnessed a notable surge in popularity. This protocol facilitates the embedding of data onto the Bitcoin blockchain through a method known as inscription. As of the beginning of this month, over 3 million inscriptions have been generated on individual Satoshis.

WHAT ARE THE BITCOIN FROGS ?

@Bitcoin Frogs (BITCOIN-FROGS) represents an NFT collection. The current price floor for Bitcoin Frogs is $11,287.44, and it has recorded a 24-hour sales volume of 22.24 BTC. As of the latest data, there are 10,000 NFTs minted within this collection, distributed among 4,450 unique owners. The total market capitalization of Bitcoin Frogs stands at $111,864,426.

Following the launch of the Ordinals Protocol earlier this year, Bitcoin NFTs have witnessed a notable surge in popularity. This protocol facilitates the embedding of data onto the Bitcoin blockchain through a method known as inscription. As of the beginning of this month, over 3 million inscriptions have been generated on individual Satoshis.

Despite causing a two-year peak in Bitcoin fees and drawing criticism from staunch Bitcoin advocates, these inscriptions are gaining popularity and introducing added functionality to the Bitcoin network.

Photo by Sören Funk on Unsplash