BRC-20 concept currency leader ORDI broke through $80 this morning, reaching a new historical high after nearly 10 days of silence. Its market value also exceeded $1.7 billion, driving the overall rise of the BRC-20 sector.
(Bitget “2024 Bitcoin Ecological Report”: Exploring the Engine of the Next Bull Market! ORDI and the Lightning Network as Potential Indicators)
(Bitcoin Godfather: Don’t Suffocate Inscriptions! Ordinals Bring Huge Profits to Miners, Network Congestion Can be Solved by Layer2)
Table of Contents:
ORDI sets new historical high, approaching $80
BRC-20 concept currencies soar
Binance Web3 Wallet to support BRC-20
On November 7th, the world’s largest cryptocurrency exchange, Binance, listed the ORDI token, igniting a frenzy of BRC-20 tokens and becoming the hottest track in recent times. BRC-20 tokens such as SATS, RATS, TURT, etc., have all achieved multiple, even hundreds of times, gains.
(Extended Reading: ORDI Myth: A “Attention-Grabbing” Meme Game for Bitcoin)
ORDI sets new historical high, approaching $80
Just yesterday morning, ORDI quietly entered a surge mode and was approaching the $80 mark at the time of writing, with a surge of over 56% in the past 24 hours, which is quite astonishing. With ORDI reaching a new historical high, its market value also surpassed $1.71 billion, ranking 52nd among many cryptocurrencies.
Image Source: Binance Spot
BRC-20 concept currencies soar
After ORDI’s surge, it also led to the rise of the entire Bitcoin inscription sector. Apart from ORDI, other BRC-20 concept currencies also experienced surges:
SATS: $0.000000923, up 49.45% in the past 24 hours
RATS: $0.000433, up 36.91% in the past 24 hours
MUBI: $0.2841, up 36.91% in the past 24 hours
TRAC: $6.27, up 8.15% in the past 24 hours
Image Source: CoinCarp
Binance Web3 Wallet to support BRC-20
As for the reason behind this surge, the community speculates that it is related to Binance’s Web3 Wallet’s rumored support for inscriptions. Insightnews posted on the social platform X (formerly Twitter) yesterday:
Although this information has not been officially confirmed by Binance, it cannot be confirmed whether Binance will take this action. However, Binance has previously expressed support for inscriptions, and the surge in prices reflects that the market still seems to hold a great optimistic sentiment towards this track.
However, the investment platform also reminds investors to be cautious as the inscription track is volatile.
(Extended Reading: Behind the FOMO of Inscription Market: Numerous Scams and Absurd Dramas Spawned)
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Tags:
BRC-20
BTC
ORDI
Bitcoin ecosystem
Bitcoin inscriptions
Inscriptions