Bitcoin Ordinals’ ORDI token has witnessed a surge, achieving an all-time high of over $65 on December 5, marking an extraordinary 850% increase from $6.80 on November 5.

This ascent cements ORDI’s position as an emerging star in the BTC protocol space, notably becoming the first BRC-20 token to surpass a $1 billion market capitalization, according to CoinGecko data.

ORDI Token Growth and Recent Performance

The ORDI token’s phenomenal growth is evident as it soared by an outstanding 216% in the last seven days alone. Currently valued at $1.3 billion, ORDI’s trajectory from its September 11 all-time low of $2.86 has seen an incredible surge of over 2,000%.

Bitcoin Ordinals and its Functionality

Introduced by Casey Rodarmor in January, Bitcoin Ordinals offers a platform for content inscription on the Bitcoin blockchain, encompassing NFTs and new tokens utilizing the BRC-20 standard. Although experiencing a temporary lull in activity, interest surged following Binance’s listing on November 7.

Bitcoin Ordinals saw a brief decline in activity in October but quickly rebounded. Source: Dune Analytics

Since its inception, more than 48 million Ordinals assets have been inscribed, generating fees totaling $146.9 million. Notably, on November 20, Bitcoin transaction fees surpassed Ethereum’s amid a rush to inscribe new NFTs and BRC-20 tokens.

ORDI Token Surges with a 10.49% Daily Gain, Showcasing a Remarkable 174.17% Weekly Rise

In the crypto market today, ORDI (ORDI) has witnessed a substantial 10.49% surge in the last 24 hours, contributing to an impressive 174.17% increase over the past week. With a circulating supply of 21 million ORDI and a market cap of $1,115,668,598, the token is gaining attention.

Investors looking to participate in the ORDI market can find it actively traded on major exchanges. Notably, OKX leads the way, hosting the most popular trading pair, ORDI/USDT, with a substantial 24-hour trading volume of $712,384,650. Binance and KuCoin also provide attractive alternatives for ORDI enthusiasts.

ORDI has gained over 850% in the past month. Source: CoinGecko

The daily trading volume of ORDI (ORDI) has soared to $2,113,010,063 in the last 24 hours, signaling a notable 48.50% increase from the previous day. This surge reflects a heightened level of market activity, making ORDI a focal point for traders and investors alike.

Significance in the Cryptocurrency Landscape

The astounding surge of Bitcoin Ordinals‘ ORDI token also highlights the increasing prominence of blockchain-based assets. This surge indicates a significant transformation underway in the cryptocurrency landscape, further emphasizing the growing importance and potential of such blockchain-based initiatives.

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Tanishi is an established writer in the realm of cryptocurrency and blockchain, renowned for her expertise and insightful analysis. With a deep-rooted passion for the dynamic world of digital finance, Tanishi delivers compelling news and articles that captivate a wide-ranging audience.