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

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
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

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more