The ORDI price has reached 60 again, doubling in half a month! Would you still say: "ORDI is air, and it will return to zero sooner or later"?

ORDI is the largest BRC-20 token built on the Bitcoin Ordinals protocol to date, and its price has more than doubled in the past half month, once again reaching $60, against the backdrop of rising Bitcoin prices.

So can I still enter the market now?

What is ORDI?

As the first BRC-20 token issued on the Bitcoin blockchain, ORDI has a total supply of 21,000,000. Its original intention was purely an experiment to test whether it is possible to achieve a homogeneous token similar to the Ethereum ERC-20 standard through the Ordinals theory.

Unlike Ethereum's ERC-20 token standard, Bitcoin does not support smart contracts, so BRC-20 is not a smart contract token. This means that ORDI lacks technical support, project parties, actual project support, and any clear application scenarios. Its price fluctuations are entirely dependent on community consensus and market heat. The BRC-20 token cleverly uses the Ordinals theory to implement token issuance, issuance volume setting, and basic transfer functions on the Bitcoin network.

ORDI: A powerful meme

The word meme was first coined by British evolutionary biologist Richard Dawkins in his 1976 book The Selfish Gene. Meme is similar to gene in that it is the smallest unit of culture and information that can spread and evolve between people. The value and popularity of meme tokens depend on their spreadability and the participation of community users.

Meme tokens may seem to have no practical use, but they actually meet a real and huge demand of users in the cryptocurrency market: an imaginative and fair speculative target.

Not every meme token is full of infinite imagination, and not every meme gives speculators a fair chance to gamble.

The value and popularity of meme coins depend on their spread and community participation. Spread means capturing enough people’s attention. If serious project tokens need to capture value and attract investors with value, then meme tokens need to capture attention.

So what is the narrative of ORDI, and what kind of attention can it capture? ORDI is the first BRC-20 token deployed using the Ordinals protocol, and ORDI is the first BRC-20 token with a market value of more than $1 billion. ORDI represents the Ordinals protocol, which represents the evolution of Bitcoin, solves Bitcoin's security budget problem, opens up the development of the Bitcoin ecosystem, makes Bitcoin interesting, and allows more people to enter the Bitcoin ecosystem.

"Meaning" is given by humans. Compared with Pepe, Harry Potter, Obama, and Sonic, ORDI can be given more and higher-quality "meaning". Therefore, ORDI belongs to the first-class meme. It can be compared with other first-class memes: DogeCoin, with a market value of 13 billion US dollars. SHIBA Inu, with a market value of 5.7 billion US dollars.

Summarize:

Long-term bullish, short-term pressure correction is likely to be high", this is Brother Bao's view on Ordi. Ordi has experienced this long and violent wash and returned to the 60 mark. There are many things worth thinking about. Ordi did not return to zero as many people (those masters who have never held it) analyzed.

Brother Bao feels that cryptocurrency trading is a cycle, with each round of rise repeating the same tragedy because of missing out; each round of decline also repeats the same tragedy.

I suggest that everyone should learn to think and be responsible for their own investment instead of relying on others. I also hope that next time when the market plummets again, people will not complain but buy the bottom slowly.

The last sentence for everyone is: There is no standard answer to investment. What you can do is simple. Do your best, think in reverse, don’t complain about the ups and downs, only make money within your cognition, never worry about gains and losses, and don’t complain.

At present, the bull market is surging, and we have the opportunity to share passwords every day. Again, if you don't know what to do in the bull market, click on my avatar, follow me, bull market spot planning, contract passwords, free sharing. I need fans, you need references. It's better to follow than to guess blindly.