“Binance Boost Ignites ORDI Trading Fever“
The BRC20 token, ORDI, experienced a remarkable 80% surge in value following its listing on Binance. This digital asset, known as an Ordinal inscription, soared from $7 to a peak of $14.02 before settling at $13.13. Binance’s decision to add ORDI to its trading lineup significantly boosted the token’s market presence, pushing it beyond the $11 mark in just one morning.
With Binance’s global reach, ORDI tokens now have access to a wider investor base. These tokens have a maximum supply similar to Bitcoin’s 21 million cap and boast a robust market cap of nearly $217 billion. The daily transaction volume for ORDI has also increased to $161 million, although its current value remains 61% below its historic high in May.
“Leading ORDI Wallets“
In addition to Binance’s support, interest in Ordinal inscriptions has been revived. The token has accumulated over 15.80416 BTC in miner fees from almost 108,000 transactions. Furthermore, the “16G1x” and “bc1qa” addresses have emerged as leading transaction nodes within the ORDI ecosystem, strengthening its market dynamics.
The inclusion of ORDI on Binance represents a significant milestone in the evolution of Ordinals. Although not directly linked to Bitcoin Ordinals developers, this separate entity has capitalized on the surge of BRC-20 tokens. The collective market capitalization of these tokens now stands at $1.34 billion, highlighting the vibrant growth trajectory within the Bitcoin blockchain.
“Hot Take: The Future of ORDI on Binance“
ORDI’s listing on Binance has propelled its value and market presence significantly. With plans to feature ORDI as a borrowable asset and enable margin trading against tether (USDT), Binance is poised to further elevate the trading activity surrounding this token. As interest in Ordinal inscriptions continues to grow and with support from leading exchanges like Binance, the future looks promising for ORDI investors and enthusiasts alike.
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