The post Doodles NFT Soars 62.5% Amid Token Speculation and McDonald’s Partnership appeared first on Coinpedia Fintech News
In the last 24 hours, the Doodles NFT collection has recorded a massive price surge of 62.5%. The Doodles price now stands at 6.97 ETH. It was a recent post by the Doodles founder, Scott Martin, widely known as Burnt Toast, that sparked excitement in the market. Let’s see what’s so special about the post.
Doodles Founder Drops Token Hint
In a recent post on X for the Doodles community, Burnt Toast noted: “Take ownership, keep evolving new ideas, shape communities, open minds, inspire new growth.”
Brilliant community members decoded the message as ‘token is coming’, combining the first letter of each word in it.
Market Reaction to Doodles Token Speculation
In the last 24 hours, the Doodles NFT collection has outperformed all the top five NFT collections. Supported strongly by an impressive 24-hour growth of 62.5%, it has been elevated to the sixth position in the list of the top ten NFT collections by market cap.
The market cap of Doodles remains at 69,686 ETH, valued at $228,729,356. Its 24-hour volume stands at 4,930 ETH, worth $16,181,118, and its 24-hour sales is 741.
In the last 30 days, this NFT market has seen a growth of over 196.5%.
McDonald’s Collaboration Fuels Doodles’ Brand Recognition
Doodles recently reached an agreement with McDonald’s to feature its artwork on over 100 million limited-edition holiday cups for the cafe. The partnership has helped the NFT collection immensely to improve its brand recognition, as these cups are now available at almost every McDonald’s in the United States.
Doodles’ Partnerships with Leading Brands
McDonald’s was not the first brand to partner with Doodles. Earlier, the NFT project reached similar agreements with several top brands, including Adidas and Crocs, to release exclusive apparel, toys and online digital experiences.
Broader NFT Trends in Token Launches
Recently, a popular project, Pudgy Penguins, launched a token, named PENGU. Initially, it created extreme excitement in the market, pushing the price to as high as 34.80 ETH. In the last seven days, it has displayed a massive decline of 37.4%. In the last 24 hours alone, it has dropped by over 10.1%.
In conclusion, Doodles’ potential token launch could mark a significant step in its growth, further supported by strategic collaborations and industry trends.