BRC-20 Concept Coin Leader ORDI Breaks Through $80, Creating a New Historical High After Nearly 10 Days of Silence, with a Market Value of Over $1.7 Billion, Driving the Rise of the BRC-20 Sector.
(Bitget “2024 Bitcoin Ecological Report”: Exploring the Engine of the Next Bull Market! ORDI and the Lightning Network are Potential Indicators)
(Bitcoin Founder: Don’t Stifle Inscriptions! Ordinals Bring Huge Profits to Miners, and Network Congestion Can Be Solved by Layer2)
Table of Contents:
ORDI Reaches a New Historical High Approaching $80
Rise of BRC-20 Concept Coins
Binance Web3 Wallet to Support BRC-20
On November 7th, the world’s largest cryptocurrency exchange Binance listed ORDI tokens, igniting the frenzy of BRC-20 tokens and becoming the hottest track in recent times. BRC-20 tokens such as SATS, RATS, TURT, and others have all experienced multiple, or even hundreds of times, increases in value.
Further Reading:
ORDI Myth: A “Attention-Grabbing” Bitcoin Meme Game
ORDI Reaches a New Historical High Approaching $80
Just yesterday morning, ORDI quietly entered the mode of skyrocketing. At the time of writing, it approached the $80 mark, with an increase 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, rising to 52nd place among many cryptocurrencies.
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Image Source: Binance Spot
Rise of BRC-20 Concept Coins
ORDI’s skyrocketing has also driven the entire Bitcoin inscription sector. In addition to ORDI, other BRC-20 concept coins have also experienced a surge:
SATS: $0.000000923, with a 49.45% increase in the past 24 hours
RATS: $0.000433, with a 36.91% increase in the past 24 hours
MUBI: $0.2841, with a 36.91% increase in the past 24 hours
TRAC: $6.27, with an 8.15% increase in the past 24 hours
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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 the news that Binance’s Web3 wallet will support inscriptions. Insightnews posted on the social platform X (formerly Twitter) yesterday, stating:
“Although this information has not been officially confirmed by Binance, it cannot be confirmed whether Binance will take this action. But Binance has indeed expressed support for inscriptions before, and the surge in prices this time reflects that the market still seems to hold great optimism for this track.”
However, Dong Qu also reminded investors to be cautious as the inscription track is too volatile.
Further Reading:
Behind the Inscription Market FOMO: Numerous Scams and Absurd Dramas Born from the Myth of Getting Rich Quick
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Tags:
BRC-20
BTC
ORDI
Bitcoin Ecology
Bitcoin Inscription
Inscriptions