Skip to main content

BRC20 Token ORDI Dips 10% in a Week After a 319% Monthly Surge, Nears Record High

BRC20 Token ORDI Dips 10% in a Week After a 319% Monthly Surge, Nears Record High

The price of the BRC20 token ordi (ORDI) slid more than 10% this week against the U.S. dollar after recording substantial gains over the three weeks prior. Despite the recent downturn, ORDI has risen over 300% during the last 30 days and it’s a touch over 25% away from surpassing its all-time price high.

ORDI Retreats 10% After 300% Monthly Gain, Sees Significant Trading Activity With Turkish Lira

At the end of the first week of November, ordi (ORDI) the BRC20 token built on top of the Bitcoin blockchain skyrocketed in value after Binance announced it would list the coin. This week, however, ORDI has dropped 10% in value over the past seven days and during the last 24 hours, it’s down 2.2%.

BRC20 Token ORDI Dips 10% in a Week After a 319% Monthly Surge, Nears Record High

ORDI’s market valuation on November 25, 2023, is just under a half billion at $446 million. This places ORDI in the 115th-ranked position among more than 10,000 crypto assets listed across 935 exchanges. Over the past day, ORDI has recorded $99 million in global trades, and interestingly, statistics from cryptocompare.com show ORDI has a great deal of trades associated with the Turkish lira, and even more so than its USDT pairs.

While ORDI is down 2.2% and more than 10% this past week, it has climbed awfully close to the pinnacle price it hit seven months ago on May 08, 2023. At that time, ORDI was trading for $28.52 per coin, and today, it is exchanging hands for $21.04 per unit. Moreover, over the past 30 days, ORDI has climbed 319% against the greenback.

Wallet or rich list statistics from the top ten ORDI wallets indicate that the crypto exchange Okx is one of the largest holders. The centralized exchange has a vast sum of ORDI tokens in the following addresses “bc1q8,” “bc1qg,” “bc1qz,” “bc1qn,” and “bc1qq,” among others. The largest ORDI holder today is the wallet “bc1qh” which commands 2,231,755 ORDI. The address is not flagged so the owner is unknown.

What do you think about ORDI’s market performance? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/abH8rc6
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC. DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification. DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens. DFD is the n...
Post a Comment
Read more