ORDI, by far the biggest BRC-20 token built on Bitcoin’s Ordinals protocol, has more than doubled in price over the past week amid Bitcoin’s own rising price—and it surged to a new all-time high overnight.

The token set a new peak price of $44.03 late Sunday, according to data from CoinGecko, and has since settled to a current price of about $41.50 as of this writing. Even with the slight pullback, ORDI is up 28% over the past 24 hours, marking a 114% jump in the past seven days. Over the past 30 days, ORDI is up 549%.

ORDI now has a market cap of $873 million, putting it at #65 on CoinGecko’s listing of the top cryptocurrencies by market cap. And it’s heavily traded too, with the site noting about $859 million worth of trading volume in the past 24 hours.

The Ordinals protocol, launched near the start of 2023, lets users “inscribe” media like artwork and videos to the Bitcoin blockchain, akin to NFTs on other blockchain networks. That protocol was then tapped in March to create fungible tokens Go to Source to See Full Article
Author: Andrew Hayward

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