ORDI Meme Token Soars Almost 50% Within 24 Hours
The ORDI meme token has now reached a market capitalization of over $1.2 billion, making it the first BRC-20 cryptoasset to achieve such a feat.
Currently, the ORDI price is nearing $60 and it ranks 57th in the CoinGecko ranking. In just the past 24 hours, the coin has experienced a 45% growth, and over the course of 7 days, it has soared by 198%.
The recent listing on Binance has attributed to the token’s increase in value by more than 700%. During early November, representatives from the exchange cautioned investors about the “relatively new” token and its higher than usual risk factor.
To categorize this, the coin will be assigned a Seed Tag, indicating its volatility as a financial product. In previous news, the Binance mining pool announced the launch of the Ordinals Inscription Service, making it easier for users to create Bitcoin NFTs.
