BRC-20 Concept Coin Leader ORDI Breaks Through $80, Sets New Historical High, Market Cap Surpasses $1.7 Billion, Leading to General Rise of BRC-20 Sector.
(Bitget “2024 Bitcoin Ecological Report”: Exploring the Engine of the Next Bull Market! ORDI and Lightning Network as Potential Indicators)
(Bitcoin Founder: Don’t Kill Inscriptions! Ordinals Bring Huge Profits to Miners, Network Congestion Can be Solved by Layer2)
Table of Contents:
ORDI Sets 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, which ignited the frenzy of BRC-20 tokens and became the hottest trend recently. BRC-20 tokens such as SATS, RATS, TURT, etc. have all experienced multiple, even hundreds of times, gains.
Further Reading:
ORDI Myth: A “Attention-Grabbing” Bitcoin Meme Game
ORDI Sets New Historical High Approaching $80
Just yesterday morning, ORDI quietly entered a skyrocketing mode, and at the time of writing, it was approaching the key level of $80, with a 24-hour increase of over 56%, which is quite astonishing. As ORDI reached a new all-time high, its market cap also surpassed $1.71 billion, climbing to the 52nd position among numerous cryptocurrencies.
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Image Source: Binance Spot
Rise of BRC-20 Concept Coins
ORDI’s surge also led to a surge in the entire Bitcoin inscription sector. Apart from ORDI, other BRC-20 concept coins were also inspired and experienced skyrocketing prices:
SATS: $0.000000923, a 24-hour increase of 49.45%
RATS: $0.000433, a 24-hour increase of 36.91%
MUBI: $0.2841, a 24-hour increase of 36.91%
TRAC: $6.27, a 24-hour increase of 8.15%
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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 Binance’s Web3 wallet supporting inscriptions. Insightnews posted on the social platform X (formerly Twitter) earlier yesterday, stating:
“Although this information has not been officially confirmed by Binance, it cannot be confirmed whether Binance will take such action. However, Binance has previously expressed its support for inscriptions, and the surge in prices this time reflects that the market still holds great optimism for this sector.”
However, the crypto community also reminds investors to be cautious as the inscription sector is highly volatile.
Further Reading:
Behind the Inscription Market FOMO: Countless Scams and Absurdities Spawned by the Myth of Sudden Wealth
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Opinion: Can the “Revengeful Enrichment” of Inscription Tokens Continue for Another Two Weeks?
Tags:
BRC-20
BTC
ORDI
Bitcoin Ecology
Bitcoin Inscriptions
Inscriptions