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If you were expecting the frog mania to slow down, better check again, because there's a trend of keeping the frog alive and trending. This time, it's not the PEPE meme token, but rather a new king in the digital realm, represented by a frog artwork on the Bitcoin Blockchain, the bitcoinfrog collection.
Bitcoinfrog is a collection of 10,000 units minted on the Bitcoin Cash Blockchain, which has just become the most traded digital art across all networks, surpassing notable collections like the bored apes and reaching over $4.5 million in sales. This Non-Fungible Tokens (NFTs) is gaining notoriety in the decentralized digital art ecosystem of Bitcoin, defying logic. After all, who could have expected digital art on the Bitcoin network to be this popular?
The question arises because Bitcoin has always been considered a value reserve Blockchain due to its high fees and transaction confirmation delays. However, it seems that users don't care about that, and with the deployment of the protocol allowing the creation of NFTs and tokens on the network using Satoshis, digital art enthusiasts are going all-in on the network.
The trend of NFTs on the Bitcoin Blockchain is growing and has even led Binance, the world's largest cryptocurrency exchange, to consider a market for trading Bitcoin NFTs, which will soon be launched on their marketplace. Clearly, Binance wants a piece of this emerging NFT market on the Bitcoin network, and it seems they're right, as users don't seem to mind the fees or the transaction delays on the Bitcoin network.
Therefore, the emerging bitcoinfrogs collection has managed to surpass long-established collections in the market, such as the bored apes on the Ethereum network, with a turnover exceeding $4.5 million, catapulting the collection's name into popular circles and becoming the most well-known digital art in the world in the past 24 hours.
One might say that the frog doesn't want to disappear from the minds of cryptocurrency traders. Following the path of the PEPE meme token, the famous cartoon that went viral in just a month, making overnight millionaires, today we have a new type of frog making headlines on social media and driving the crypto space, especially the Bitcoin market.
Is the market going crazy?! Not at all, it's just crypto babe.
What do you think about the frenzy of digital art on the Bitcoin network? Are we in the era of the frog's reign? Or is the world becoming frog fanatics?
