ORDI may regain its former glory, with a 20% surge in one day!
Can the leader of BRC20 stand on the high platform again?
One article to understand what $ORDI is
Background
ORDI is the first BRC-20 token based on the Ordinals protocol. The Ordinals protocol was launched on the Bitcoin mainnet by Casey Rodarmor in January 2023. The protocol allows users to embed data on Satoshi, the smallest unit of Bitcoin, to enable the creation and trading of NFTs without migrating to other chains or sidechains. This innovation makes ORDI the first data token embedded under the Ordinals protocol.
Total issuance
ORDI has a maximum supply of 21,000,000 tokens, which is consistent with the maximum supply of Bitcoin. This design ensures the scarcity of ORDI and draws on the economic model of Bitcoin to enhance its market appeal and durability.
Release Story
ORDI became the first BRC-20 token to exceed $1 billion in market capitalization in December 2023. This success is mainly due to its innovative technology and close integration with Bitcoin. Although there were some misunderstandings in the early stage of launch, some investors mistakenly believed that ORDI was a direct product of the Ordinals protocol, this misunderstanding did not hinder its market performance.
During its launch and promotion, ORDI attracted a lot of attention by embedding and trading data on the Bitcoin blockchain. Before the end of 2023, the price of ORDI exceeded $50.
All-time high price: $96.17 (March 2024)
Current price: $48.5
Market sentiment: bullish
Conclusion
The current market sentiment is more FOMO. The price of $ORDI rose by 20% last night due to the news, and began to fall today. As the first BRC-20 token issued under the Ordinals protocol, ORDI has unique innovations and close links with Bitcoin. For investors, in-depth research and professional advice are necessary, and any news should be digested and analyzed by oneself in order to make wise investment decisions. #meme板块关注热点 #5月市场关键事件