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Doodles, a renowned non-fungible token collection and a media franchise, has seen its floor price soaring more than 20% in the past 24 hours. Doodles’ NFT floor price pumps amid crypto and NFT volatility, which has left many non-fungible token collections down in their floor price value. In this article, we shall explore the factors behind this sudden spike in Doodles’ floor price.
Doodles’ NFT Floor Soars 24% Today
Data compiled by CoinGecko.com, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer, shows that the floor price for Doodles has exponentially surged today. In the past 24 hours, Doodles NFT floor price has risen to 2.09 ETH, representing a 24% spike from the past day.
NFT Price Action: Doodles’ price floor surges 24.4% to 2.09 $ETH following the release of the official trailer for ‘Dullsville and the Doodleverse’ movie.
➡️ Track Doodles NFTs: https://t.co/6c8k88ZQsO pic.twitter.com/wx5A1JgMh9
— CoinGecko (@coingecko) July 18, 2024
Launched in 2021, Doodles is a non-fungible token collection from the digital artist Burnt Toast that features a limited edition of 10,000 cartoon-themed NFT collections hosted on the Ethereum network. Doodles NFT collection has maintained its existence and is considered among the top blue-chip NFT collections.
Doodles are simple drawings with concrete representational meaning or may just be composed of random and abstract lines or shapes, generally without lifting the drawing device from the paper. Doodles is a next-generation entertainment company focused on immersive storytelling through the creation and distribution of live and digital experiences.
What Has Fueled Doodles Floor Price Growth?
The recent release of the official trailer for the ‘Dullsville and the Doodleverse’ cartoon movie is a significant factor responsible for the recent Doodles NFT Floor price spike. Doodles has seen its floor price surge from 1.60 ETH to 2.09 ETH shortly after the official trailer release.
On July 17, 2024, Doodles released the official trailer for ‘Dullsville and the Doodleverse’ cartoon-themed movie on YouTube. The one minute and nineteen seconds has gained massive traction among crypto and movie fans. In the past 24 hours, the ‘Dullsville and the Doodleverse’ trailer has seen more than 2,500 views. The official ‘Dullsville and the Doodleverse’ cartoon-themed movie will launch in September 2024.
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