Introduction
This article aims to analyze whether ORDI could replicate Solana's price trajectory and reach new all-time highs (ATH). ORDI is a BRC-20 token based on the Bitcoin Ordinals protocol, primarily used for NFT creation on Bitcoin, while Solana is a high-performance blockchain platform that broadly supports applications such as DeFi, NFTs, and gaming. The analysis is based on the latest market data as of May 14, 2025, historical price trends, and online forecasts.
ORDI's current price is $12.11, which is still far from its ATH of $95.52, currently only 12.68% of ATH.
Solana's current price is $180.11, which is closer to its ATH of $293.31, currently 61.40% of ATH.
In terms of market capitalization, Solana's scale ($93.56 billion) far exceeds ORDI's ($254.6 million), reflecting a higher recognition of Solana among investors.
Historical Price Trends
Solana:
Solana experienced significant growth in 2021, rising from about $1 at the beginning of the year to $260 in November, an increase of 26,000%. Recently, Solana has risen from about $10 in December 2022 to $180.11 by May 2025, an increase of approximately 1,700%. Its growth is mainly attributed to high transaction speed, low fees, and a rich ecosystem.
ORDI:
ORDI reached its ATH of $95.52 in 2023, but since then, the price has continued to decline, standing at $12.11 as of May 14, 2025. Over the past year, ORDI's price has shown an overall downward trend, indicating a lack of strong market momentum like Solana.
Price Prediction (for reference only)
ORDI:
Conservative Prediction: Prices may range between $15-20 in 2025; for instance, Changelly predicts an average price of $15.53 in February, with a high of $18.79.
Optimistic Prediction: Some analyses (like CoinMarketCap) suggest that ORDI may reach $80 by the end of 2024, and even as high as $610 by 2030, but these predictions are quite aggressive.
CoinCodex predicts it may reach $21.66 by 2027 and $50.62 by 2030, indicating a long-term bullish outlook but a conservative short-term view.
Solana:
Predictions suggest that prices may reach $200-300 in 2025; for example, CoinCodex predicts a peak of $347.92 in 2027, while InvestingHaven's average prediction is $500.
CoinLore predicts it may reach $302.35 by 2025, a growth of 65.35%.
In the long run, Solana is expected to reach $476.40 by 2030 (CoinCodex), indicating strong growth potential.
Market Capitalization and Scale:
Solana's market capitalization ($93.56 billion) far exceeds ORDI's ($254.6 million), meaning ORDI would require a massive inflow of capital to reach a similar scale. Solana's growth benefits from its extensive ecosystem, while ORDI currently relies mainly on the smaller Bitcoin NFT market.
Use Cases and Adoption Rate:
Solana supports a wide range of applications, including DeFi, NFTs, and gaming, with its high throughput (65,000 transactions per second) and low fees making it a popular platform.
The main use of ORDI is to create and trade digital assets on Bitcoin through the Ordinals protocol, with a narrow application scope and lacking a dApp ecosystem similar to Solana.
Required Growth Percentage:
ORDI would need to grow approximately 688% from its current $12.11 to reach its ATH of $95.52, which is significantly higher than Solana's current 63% growth requirement to reach ATH.
To replicate Solana's 26,000% growth in 2021, ORDI would need to reach about $3,150, which is nearly impossible under current market conditions.
Potential Catalysts:
ORDI's price might rise due to the rapid development of the Bitcoin NFT space or greater adoption of the Ordinals protocol, but currently, there are no significant news events indicating such occurrences are imminent.
Solana's growth is attributed to the widespread adoption of DeFi and NFTs, while ORDI has not shown similar market momentum.
Conclusion and Outlook
In summary, ORDI is unlikely to replicate Solana's price trend and reach new ATH in the short term. Key reasons include:
The gap in market capitalization is enormous, and ORDI's growth potential is limited.
The ecosystem and adoption rate are not on par with Solana, and the application scenarios are relatively singular.
Historical price trends show that ORDI lacks strong upward momentum.
Predictions indicate that ORDI may achieve modest growth in 2025, but it is unlikely to reach Solana's level.
However, if the Bitcoin NFT market develops rapidly or ORDI gains more utility within the Ordinals protocol, it could significantly drive up its price. Investors should pay attention to the dynamics of the Bitcoin ecosystem and changes in ORDI's adoption rate to assess future potential.
