Can I still buy it with $ORDI? Can it become the next 100x coin?

Bitcoin #BRC-20 token ORDI has been rising sharply recently, rising four times in two weeks to $22.4, and investors are still optimistic about it. Can ORDI still be purchased now? Can it become the next 100x coin?

First of all,#BRC20is not a new concept. Its essence is basically the same as the dyed currency that appeared in 2012, but there are slight differences in the protocol format. The well-known USDT was the earliest dyed currency. Therefore, ORDI based on BRC-20 is an improved colored currency from this perspective. The reason why it has been very popular recently is mainly to cater to the needs of the crowd’s hype. Hype pays attention to speculating on the new rather than the old. Layer2, DeFi, cross Chains, etc. have been hyped many times, so when they heard that Bitcoin can also be issued, this made a large number of new retail investors feel very novel, so they flocked to it, even though this concept actually existed ten years ago. .

Secondly, the BRC20 tokens represented by ORDI currently have no practical use. Even they themselves have not denied this. The ORDI official website only displays the inscriptions one by one, and there is no introduction to actual application scenarios. Almost all ORDI holders also know this very well. Since the participants know that they are playing drums and passing flowers, this game cannot last long.

In addition, BRC20 is so replaceable that all current projects of this type can be easily replaced. You can also write inscriptions on the Bitcoin chain at will. It does not even require a white paper or contract code. You can write it manually. This makes it super simple to issue BRC20 tokens. ORDI and SATS may be replaced by new projects at any time, and they cannot be sticky to existing investors.

To sum up, we believe that ORDI is a typical irrational speculation project and is only suitable for short-term speculation and not suitable for long-term holding. If Bitcoin continues to rise in the short term, there will still be some room for growth driven by the general market, but the space is already very limited, and the short-term potential is rated B-. In the long run, its safety margin is poor and its comprehensive strength is low. If the market pulls back, the ORDI price may quickly halve, and the subsequently updated BRC20 concept currency may take away a lot of ORDI popularity, resulting in a long-term sluggish ORDI price. Its reasonable value is 1 Less than 100 million US dollars.

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