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Doodles NFT Soars 62.5% Amid Token Speculation and McDonald’s Partnership
In a stunning turn of events, the Doodles non-fungible token (NFT) collection has experienced an astonishing 62.5% surge in value over the past 24 hours. This remarkable growth can be attributed to speculation surrounding the potential launch of its own token, as well as a recent partnership with fast-food giant McDonald’s.
The catalyst for this price increase appears to be a cryptic message posted by Doodles founder Scott Martin, also known as Burnt Toast. The post, which read “Take ownership, keep evolving new ideas, shape communities, open minds, inspire new growth,” was deciphered by the project’s enthusiastic community members who are convinced that it is hinting at an impending token launch.
As a result of this speculation, the Doodles NFT collection has surpassed all other top-five collections in terms of market performance. The surge in value has catapulted it to the sixth position in the list of top-ten NFTs by market capitalization.
Moreover, this impressive run is not an isolated incident. In the past 30 days alone, the Doodles market cap has witnessed a staggering growth of over 196.5%. This remarkable upward trajectory further fuels speculation about the potential token launch and its implications for the project’s future development.
The McDonald’s partnership is another significant factor contributing to this phenomenal price increase. The collaboration marks yet another strategic move by the NFT pioneer, following previous agreements with prominent brands like Adidas and Crocs.
Interestingly, the market has been witnessing a recent trend of token launches, which have garnered immense attention. A notable example is Pudgy Penguins’ recent token launch, PENGU, which saw an initial spike in price before plummeting by as much as 37.4% over the past seven days and a further 10.1% in just 24 hours.
In conclusion, Doodles’ remarkable growth can be seen as a significant step forward for the project, bolstered by its strategic partnerships and broader industry trends.
Source: coinpedia.org
