Ordicoin is a Bitcoin based on the BRC20 token standard, which is a concrete implementation of the Bitcoin Ordinals protocol. In this ecosystem, the BRC20 token standard was conceived as a way to create and manage tokens on the Bitcoin network.
Example of Ethereum:
BRC20 is similar (though not identical) to ERC20 concepts: This view highlights the similarities between BRC20 and Ethereum's ERC20 standard. Similar to ERC20 for creating and managing tokens on Ethereum, BRC20 may be the standard for implementing similar functionality on the Bitcoin Ordinals protocol.
Ordinals are similar to the Ethereum network, but unlike Layer 2, Ordinals are able to write content directly to Bitcoin itself: this emphasis shows the similarity of Ordinals to the Ethereum network, but unlike Layer 2 solutions on Ethereum, Ordinals can write content directly to the Bitcoin blockchain without the need for additional Layer 2 protocols.
Ordinals mainly uses the inscription function in the Bitcoin blockchain: This shows that Ordinals makes full use of the inscription function of the Bitcoin blockchain, enabling users to attach various information to the smallest unit of Bitcoin "satsatoshi", including **, text, ** and video.
BRC20 is an experiment conducted by @domodata on Ordinals: BRC20 is described as an experiment on the Ordinals protocol, which aims to test the fungibility of Bitcoin and attempt to achieve an effect similar to Ethereum's issuance of ERC20 tokens on the Bitcoin network.
Ordicoin is the first token to be implemented by BRC20: At its inception, Ordicoin was the first token to be implemented by BRC20, leading the way in the vanguard of the Ordinals protocol.
About the market performance of the Ordi coin:
ORDI soars to $42, hitting new highs: The ORDI coin has shown strong momentum in the market, successfully breaking through $42 and constantly updating its all-time high.
Up 318%, up to 117% in a week: The Ordi coin has performed well in a short period of time, rising by 318%, and a substantial increase of 117% in a week, which has attracted widespread attention and investment enthusiasm in the market.
After hitting new all-time highs, Ordinals (ORi) showed strong momentum with the lowest observed ** at 31$08 (cycle low), while since the last cycle low, Ordi's best has reached 32$36 (cycle high). The current market sentiment towards the ordinals is skewed towards a bullish trend, which is in line with the trend of the Fear & Greed Index reaching 73 (Greed).
Ordinals has a circulating supply of 21 million ordi, and its maximum supply is 21 million ordi. From a market cap perspective, Ordinals occupies a leading position in the Bitcoin (BRC20) token space.
On the other hand, according to the latest data from Dune, the cumulative fee income of the inscription minting of the Bitcoin NFT protocol Ordinals has exceeded 3,300 BTC, which is equivalent to about 1$3.5 billion, with a total of 46.1 million inscriptions currently minted.
Over the past 30 days, the Ordi token has grown by 500% rapidly, mainly due to its recent listing on Binance, a well-known cryptocurrency exchange. The listing is positioned as a "seed" label among emerging projects, which not only increases its visibility, but also inspires investor confidence and interest.
The association with the widely recognized Bitcoin ordinal protocol may reinforce bullishness about the cryptocurrency's inherent potential. However, with such a rapid experience, caution is wise and investors should keep a close eye on the market dynamics.
While the success of Ordi's recent listing on Binance may continue to drive its value, it's essential to remain vigilant about potential market corrections and assess the sustainability of this trend.
Ordinals wallet: 300,000 $COM tokens are available for users to claim
With $ordi** hitting new highs again, Bitcoin marketplace Ordinals Wallet has announced the purchase of BRC20com（brc20.com) has distributed $300,000com tokens to platform users.
Ordinals states that each user is entitled to one claim and receive 50 tokens each time. In order to claim, users must have a Bitmap, Pixel Pepe, OW Twitter subscription, or Ordinal Wizard. So far, 4,846 people have claimed, and the total circulation is 6,000.
It is worth noting that $com is brc20COM's official BRC-20 token, which was fairly issued and minted in November 2023, has a total of 21 million tokens.
The BRC-20 ecology is flying together, and $ordi drives the synchronous rise!
Under the boom led by $ordi, the tokens in the BRC-20 ecosystem have ushered in a rally. According to OKX Wallet, the top five BRC-20 tokens have all shown impressive gains, as follows:
sats：0.00000025 USD, 78 in the last 7 days6％
piin：0.$00017, last 7 days**571
rats：0.$00008, last 7 days**4303％
mice：0.01 USD, last 7 days**23026％
mmss：0.$37, 79 in the last 7 days33％
The booming performance of the BRC-20 market has brought considerable gains to investors and is worth keeping an eye on.
The public chain inscription trend has swept through, and eths, pols, sols, and bnbs have risen amazingly!
The hot trend of Bitcoin inscriptions has spread to the major public chain markets, among which the rise of ETHS, POLS, SOLS, and BNBS is remarkable.
ETHS: The minting cost is 1U, and the market** has reached 7,400U.
pols: minting cost is only 0004u, but the market ** is as high as 08u。
SOLS: The minting cost is 6U, and the market** soars to 623U.
BNBS: The minting cost is only 002U, the market ** quickly climbed to 100U.
How high will the ordi go up?
Looking at the current market dynamics of Ordinals, we found several key indicators. First of all, cryptocurrencies are currently trading above the 200-day simple moving average, a signal that is often associated with positive momentum and a potential bullish trend.
However, it is worth noting that despite 16 green days in the last 30 days, constituting a positive trend of 53%, the asset is still showing signs of overbought conditions. This overbought condition raises alarm, indicating that a correction or ** may be imminent.
In addition, trading without a credible exchange carries risks, as it can limit liquidity and expose investors to potential market manipulation.
Given these factors, traders should remain vigilant and keep a close eye on the movements, taking into account the possibility of a short-term movement due to the overbought nature of the ordinal number. In addition, efforts to diversify trading venues and enhance liquidity may help create a more stable and secure trading environment for the asset. Ordinals is widely used on 26 cryptocurrency exchanges, including major platforms such as Binance and Kucoin, highlighting the wide market access for investors.
Over the past 24 hours, the cryptocurrency market has taken the cryptocurrency market by storm, with trading activity and liquidity reaching a staggering 26$500 million. This scene is like a turbulent tsunami, and the major exchanges have supported it, which not only makes trading more convenient, but also promotes the liquidity and discovery process of the entire market. However, this huge trading volume may not only bring prosperity, but also set off a frenzy of market volatility, making it possible to move wildly in a short period of time.
As the ordinal number of exchanges continues to be a hot topic, investors are focused on market trends and developments. The market performance of a certain mysterious asset called Ordi has undoubtedly driven bullish sentiment across the market. This asset is like a phoenix with wings spread, constantly breaking past lows, signaling an imminent breakout of the trend line and a new round of higher highs. This strong rally, like a majestic flag, has become an important element that traders cannot ignore when formulating strategies.
On the 1-hour chart, the latest ** dynamics show signs that are very positive for strategic traders. The breakout of the trend line not only provides investors with a compelling entry time, but also manages to maximize profits by skillfully exploiting recent swing highs.
This ingenious strategy vividly highlights the critical importance of developing and executing strategies to enter and exit the market in a timely manner in the dynamic world of cryptocurrency trading. Not only does it demonstrate the effectiveness of these strategies in maximizing returns, but it also paves the way for investors to succeed in volatile markets.
Ordi's ** has maintained a clear diagonal trend line over the past 4 hours, showing a relatively active market. To regain the bullish momentum and consolidate its dominance, ORDI needs to successfully break above 20The resistance level of $775. Once a breakout is clearly confirmed, accompanied by the formation of a bullish engulfing candle, it will be a strong signal for a potential bullish entry opportunity.
The outlook for the next 30 days for Ordinals is fascinating because*** it is based on an analysis of the positive and negative trends that have prevailed over the past month. Based on these**, ORDI is expected to undergo significant changes and is expected to reach 33$50, an increase of 689%。This upbeat** is in line with the recent observed upward trajectory in the Ordinals market, providing investors with a compelling outlook for the future.
In addition to the leading ORDI, there are also some noteworthy projects in the BRC20 ecosystem:
piin: Driven by the story of a party friend, there is a strong fomo mood in the community. According to the grapevine, the aunt has begun to enter the market one after another, and the bullish momentum is strong, although the trading platform has not yet been launched.
RATS: It has successfully listed on exchanges such as Gate, becoming the second largest total token after $sats, and the community is very strong.
MICE: Considered a $rats dragon, it is suitable for ambushes in low gas environments and a shipping strategy in high gas environments. With gas fees**, there may be some room for growth.
pols: Focusing on the story of being out of the circle, it has caused heated discussions on the Salted Fish Leisure Exchange before. The price chart about pols for moutai is also widely circulated in the community and is currently traded on polsmarket. The market performance of this series of tokens is eye-catching, and investors are excited about its future development.
Some emerging inscription protocols, such as Atom and PIPE, are essentially improvements and optimizations to BRC20 defects. Their fate depends on the continued prosperity of BRC20. In the case of limited funds, focusing on a few high-quality targets may bring both risk and maximum returns.
The Ordi coin was initially just an experiment with the BRC20 token and lacked specific features. However, with the market hype and the new narrative of the Bitcoin ecosystem, Ordi has gradually evolved into a representative indicator leading the ecosystem of the Ordinals protocol.
There are mixed reviews of the Ordi coin in the community. In the eyes of technocracy, it lacks practical development and application and is considered a kind of garbage. For some netizens, ordi represents a new ecology of bitcoin and a new narrative of the future bull market, which may bring a wave of gains. In this intertwined voice, the future of ORDI is still full of uncertainty.
Ordi Coin: The Controversy and Unknown Prospects of Fair Minting
Since its inception, the Ordi coin has been like a scorching planet, piercing the night sky at incredible speeds. The rise is as high as a financial spree, attracting investors in droves. Netizens in the community sighed as if they had witnessed the return of Bitcoin, and the Ordi coin became a new star in the crypto world.
However, as a meteor streaks across the sky, whether the brilliance of the ordi coin can last or is just a momentary brilliance has become the biggest mystery in the market. In this ever-changing crypto arena, the Ordi coin is like a bright star, destined to create its own legend.