Market Reaction: Doodles NFT Collection Experiences 62.5% Price Surge Following Token Speculation and McDonald’s Partnership

Doodles NFT Soars 62.5% Amid Token Speculation and McDonald’s Partnership

In the last 24 hours, the Doodles NFT collection has witnessed an astonishing price surge of 62.5%, causing significant ripples in the market. This sudden upswing is largely attributed to speculation surrounding a potential token launch by the project.

The price of Doodles’ non-fungible tokens (NFTs) now stands at 6.97 ETH, highlighting the incredible value being placed on these digital assets. It was just yesterday that Scott Martin, the founder of Doodles, shared a cryptic message with the community, which sparked widespread excitement and speculation.

Martin’s post has been widely interpreted as hinting at an impending token launch, which has sent shockwaves through the market. By combining the first letter of each word in his statement, enthusiasts have deciphered the message as signaling the upcoming arrival of Doodles’ very own token.

The recent collaboration with McDonald’s has also contributed to the remarkable price surge. The NFT project recently partnered with the fast-food giant to feature its artwork on over 100 million limited-edition holiday cups in the United States. This strategic move is anticipated to significantly boost brand recognition and drive further growth for Doodles.

In related news, another prominent project, Pudgy Penguins, has launched a token called PENGU. Initially, this triggered immense excitement, leading to a temporary price surge. However, the asset’s value has since plummeted by 37.4% in just seven days, serving as a stark reminder of the inherent risks involved with speculative investments.

Despite this volatility, Doodles’ potential token launch and the brand’s increasing visibility through collaborations with major brands like Adidas and Crocs, might signal a significant step forward for its growth trajectory.

Source: coinpedia.org