Opulous (OPUL) price soars after DeFi staking announcement, S-NFT sale and CEX listings
Non-profile picture (PFP) NFTs had been cooling down over the past few months but now that Bitcoin and Ethereum have turned bullish again, altcoins and NFT-focused tokens are beginning to follow.
Music NFTs are one sector of the ecosystem that is showing bullish signs this week, and Opulous (OPUL) protocol was the breakout star of the day. Opulous aims to bring aspects of decentralized finance (DeFi) to the music industry and also change how artists access funding.
Data from Cointelegraph Markets Pro and TradingView shows that the price of OPUL has climbed 260% since hitting a low of $0.287 on March 18 to hit a daily high of $1.04 on April 4 amid a 415% spike in its 24-hour trading volume.
Three reasons for the price turnaround in OPUL include the completion of its latest security NFT (S-NFT) sale, new exchange listings and the upcoming launch of liquidity pools for OPUL on multiple Algorand-based DeFi protocols.
The biggest driver of interest in OPUL over the past couple of weeks was the launch of its latest S-NFT sale for the song “Patek Myself” by the U.K. rap artist Ard Adz.
The S-NFT sale occurred on March 31 and took less than 45 minutes to sell out and reach its goal of raising $50,000, with data from WeFunder showing the sale was oversubscribed and managed to raise $66,900.
Since the sale, the team at Opulous revealed that the next major announcement from the project will be revealed this week and will involve an S-NFT sale for an entire music album.
Huge announcement coming NEXT WEEK. Our next NFT will be for an ENTIRE ALBUM #OPULSEASON is just getting started Can YOU guess who it is? Let us know in the comments $OPUL pic.twitter.com/nQ0z0cl6mV
Another factor helping to boost the price of Opulous are plans to list
Read more on cointelegraph.com
