!Ordinals flight (ORDI) with Binance plane
Study time: 2 minutes
Ordinals (ORDI) token experienced more than 50% price increase due to its listing on major exchanges including Binance.
ORDI, which is tied to Bitcoin Ordinals, has risen from $7.5 to $11.6 in the past 24 hours and is trading in the $12.84 range at press time.
The ORDI listing follows Binance's August exchange pool introduction of the Ordinals Inscription service, which simplifies the process for users to add additional information to the
Bitcoin blockchain.
In August, the Binance exchange pool
introduced the Ordinals Inscription service, which simplifies the process of adding additional information to the Bitcoin blockchain for users, and the listing of ORDI in Binance is a continuation of the same process.
The Ordinals protocol, which facilitates the generation of BRC-20 tokens and NFTs on the Bitcoin network, gained tremendous popularity earlier this year.
However, Binance issued a warning in the announcement of ORDI's listing, stressing that ORDI is a relatively new token with a higher-than-average level of risk, subject to
significant price volatility.
Warning text of Binance notification:
ORDI is a relatively new token that carries higher risk than usual and is therefore likely to be subject to high price volatility. Please ensure that you apply adequate risk management. You have done your research on ORDI and fully understand the project
$BTC $ORDI
