The recent price performance of ORDI shows strong upward momentum. According to the latest market data, the price of ORDI has exceeded $40, with a 24-hour trading volume of $284 million and a market value of approximately $887 million.

BRC-20 is a fungible token standard on Bitcoin. It was introduced by anonymous developer Domo in March 2023 to test whether the Ordinals protocol can promote the "fungibility" of Bitcoin, that is, through the Ordinals protocol. The Bitcoin network achieves an effect similar to the ERC-20 Token on the Ethereum network. The BRC-20 token does not use smart contracts, but instead implements the deployment, minting and transfer of tokens by inscribing specifically formatted text on the Bitcoin blockchain.

The price of ORDI has increased significantly recently, which may be related to the following factors:

1. Driven by market sentiment: Against the background of the current crypto bull market, investors’ enthusiasm for emerging tokens has increased, driving the price of ORDI upward.

2. The popularity of the BRC-20 inscription sector: ORDI, as the representative token of the BRC-20 inscription sector, has attracted great attention from the market.

3. ORDI’s own value: As the native token of the Ordinals protocol, ORDI allows users to engrave various digital assets on the Bitcoin blockchain, which brings new possibilities to the Bitcoin ecosystem.

ORDI’s price breakout may be due to its rise to prominence in the BRC-20 meme coin space, as well as increased activity on the Bitcoin blockchain, including higher transaction fees and transaction volume. ORDI’s rise has also attracted significant attention from the crypto community and could drive the development of the Bitcoin blockchain’s second-layer network, which could increase scalability and throughput while reducing transaction costs. #Ordinals协议 #ordi #ORDI💰智能多空策略 #ORDI.智能策略库🏆🏆🏆 #ORDI.24小时交易策略 $ORDI