BRC-20 Concept Coin Leader ORDI Breaks Historical New High, Surpassing $80 This Morning, Its Market Value Also Surpasses $1.7 Billion, Driving the 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 Godfather: No Need to Strangle the Scripture! Ordinals Bring Huge Profits to Miners, 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
The world’s largest cryptocurrency exchange, Binance, on November 7th, listed the ORDI token, igniting the craze for BRC-20 tokens and becoming the hottest track recently. BRC-20 tokens such as SATS, RATS, TURT, etc., have all experienced multiple, even hundreds of times, increases in value.
Further Reading:
ORDI Myth of Ten Thousand Times: A Bitcoin “Attention-Grabbing” Meme Game
ORDI Reaches a New Historical High Approaching $80
Just yesterday morning, ORDI quietly entered an explosive growth mode, and at the time of writing, it was approaching the $80 mark, with a growth rate 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, climbing to the 52nd place among numerous cryptocurrencies.
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Source: Binance Spot
Rise of BRC-20 Concept Coins
After ORDI’s skyrocketing, it also led to the entire Bitcoin scripture sector. Apart from ORDI, other BRC-20 concept coins also experienced a surge in value:
SATS: $0.000000923, a 49.45% increase in the past 24 hours
RATS: $0.000433, a 36.91% increase in the past 24 hours
MUBI: $0.2841, a 36.91% increase in the past 24 hours
TRAC: $6.27, an 8.15% increase in the past 24 hours
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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 the Binance cryptocurrency exchange’s Web3 wallet will support the scripture. Insightnews, just yesterday, posted on the social platform X (formerly Twitter), stating:
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 its intention to further support the scripture, and the surge in prices this time reflects that the market still seems to hold great optimism for this track.
However, Dao Qu reminds investors to be cautious as the scripture track is too volatile.
Further Reading:
Behind the FOMO of the Scripture Market: Countless Scams and Absurd Dramas Spawned by the Myth of Sudden Wealth
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Tags:
BRC-20
BTC
ORDI
Bitcoin Ecology
Bitcoin Scripture
Scripture