BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. #ORDI. the biggest of the BRC-20 tokens, is pulled up by BTC’s rally. According to CoinGecko, ORDI is up nearly 36% since yesterday, and currently trading at $39.56, it’s new all-time high
This recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls.
$39K Barrier Broken: What’s Next?
The market is encountering a slight rally with Bitcoin gaining momentum on the legal side of things. The US Securities and Exchange Commission (SEC) has been eyeing the approval of a spot Bitcoin exchange-traded fund (ETF), giving traditional investors a safer avenue to invest in crypto.
Crypto-related stocks also experienced a big jump in price, with names like Clean Spark (CLSK) and Iris Energy (IREN) making headlines. Michael Saylor’s Microstrategy is also up nearly 6% on the daily timeframe.
Ordinals, on the other hand, are following suit. Coingecko’s BRC-20 index shows a nearly 40% increase in price in the past 24 hours.
Although no major developments have followed Ordinals in the past few months, Bitcoin’s most recent rally gives the bulls a lot of hope for a continuous rally.
ORDI (ORDI) price forecast for 2023-2030 years
With the volatility of the cryptocurrency market, everyone is curious about its direction and price ORDI, both in the short and long term.
ORDI meme currency: what is it and what is its project in simple language
ORDI coin-is a digital meme currency specific to the Ordinals protocol, which contributes to providing a more secure and decentralized trading environment, and providing the opportunity for cryptocurrency lovers to invest, trade and take advantage of farming and storage services in liquidity pools to achieve passive income, in a trading environment similar to bitcoin trading environment.
What is the ORDI meme currency project
The Ordinals protocol is a decentralized project built using blockchain technology and the BRC-20 standard on the Bitcoin network, and therefore it has the same importance as Bitcoin, especially in terms of protection and digital encryption.
The Ordinals protocol was launched in January 2023 by Casey Rodarmor Casey Rodarmor, a technology owned by Ordinals that allows the minting of non-exchangeable tokens with a Satoshi unit without the need for a side Network, these tokens are characterized by being immutable and remain forever preserved on the Bitcoin blockchain.
Everyone knows that most of the data describing NFTs codes in other networks, such as Ethereum and Solana, can be changed if they are hosted in a central database, as for digital currencies that are minted using the Ordinals protocol on the Bitcoin network, no one will be able to change them since the data is stored on the blockchain itself.
