opulent
As Bitcoin and Ethereum turn bullish again, unprofiled, non-fungible tokens that had been low for a few months are back on the rise. Tokens focused on NFTs and altcoins are turning bullish again. The Opulous (OPUL) protocol proved to be the star.
OPUL has big plans to introduce decentralized funding to the music world. It can also revolutionize how artists access funds.
OPUL price has soared, gaining an amazing 260% after hitting a low of $0.287 on March 18th. it hit a high of $1.04 on April 4 when it saw a 415% increase in 24-hour trading volume.
Rise for opulous price reversal
There were 3 reasons why the price of OPUL skyrocketed. It includes the completion of the recent non-fungible security token sale (S-NFT), listing on the exchange and upcoming launch of OPUL liquidity pools on multiple DeFi protocols powered by Algorand.
The biggest reason buyers’ attention has turned to OPUL over the past two weeks is the successful launch of Opulous’s latest S-NFT sale. It’s for British rapper Ard Adz’s “Patek Myself” S-NFT.
Opulous tweeted that Ard Adz “Patek Myself” S-NFT sold out in less than 45 minutes and congratulated everyone who managed to get their hands on it. Opulous also revealed that people who missed out on the race needn’t worry as they can be put on the waiting list, which guarantees them investment should someone drop out of the race over the next week.
The sale of the S-NFT took place on the last day of March and sold out in 45 minutes, achieving its target of reaching $50,000. Data obtained from WeFunder showed that the S-NFT sale was oversubscribed, raising around $66,900. Following the sale, Opulous revealed that another major announcement would be made next week. This would be larger and would involve selling an S-NFT for a full music album.
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