BRC-20 Tokens Surge in Value
These tokens are gaining momentum in the market, with $ORDI seeing a surge of over 100% in the last 30 days, attributed to Bitget’s recent listing announcement.
Understanding BRC-20 Blockchain
BRC-20 is a token standard designed for the bitcoin blockchain, enabling the creation and transfer of fungible tokens. Proposed by an anonymous developer in March 2023, it emerged in response to the increasing demand for fungible tokens on the bitcoin blockchain.
Ordinals and BRC-20 Tokens
Ordinals function as a numbering system for satoshis, facilitating the tracking and transfer of individual sats, providing a tailored solution for developers and seamlessly integrating with the bitcoin blockchain through the Ordinals Protocol.
$ORDI Crypto Price Prediction
Currently priced at $50.3 with a 24-hour trading volume of $1.52 billion and a market cap of $1.10 billion, Ordinals’ price is anticipated to trade within a range of $50.05 and $73.71.
Conclusion
Observers are monitoring whether $ORDI can sustain its remarkable performance through the ongoing market cycle, amidst uncertainties stemming from macroeconomic events.
Hot Take
These BRC-20 tokens are gaining substantial momentum in the market, and the notable increase in the value of these tokens can be attributed to Bitget’s recent listing announcement, fueling their upward trajectory and delivering noteworthy gains for token holders.
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