Get started

Ordinals

Ordinals | ORDI & Brc20 The live Ordinals price today is 15 usd with a 24hour trading volume of 60 million dollar. Ordinals is up 24% in the last 24 hours but what is ORDI and BRC20? BRC20 is an experimental token standard that enables the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain after the Bitcoin Ordinals protocol launched in January 2023, enabling NFTs to be inscribed on satoshis , there has been curiosity about whether fungible tokens could be created on Bitcoin. BRC20 token standards were created in March 2023 by a pseudonymous programmer named Domo to make minting fungible tokens on Bitcoin possible. The first BRC20 token deployed was called Ordi. Bitcoin wallets quickly deployed tooling to support BRC20 tokens. Numerous other BRC-20 tokens, many of which are meme tokens, were launched in the months after. As of May 2023, some BRC20 tokens have experienced astronomical price increases and obtained significant market caps, the demand for BRC20 tokens caused Bitcoin transaction fees to surge and caused significant congestion on the Bitcoin network. you probably think but we already had Erc20 so what the...well BRC20 tokens exist on the Bitcoin network, while ERC20 is a standard on the Ethereum network. BRC20 tokens don't use smart contracts and, therefore, have much less functionality. On the contrary, ERC20 tokens can interact with other protocols and applications to enable a wide range of services, including borrowing and lending. ERC20 is a mature token standard with a massive number of ERC20 tokens already created and widely used. Conceived in 2015 and officially recognized in 2017, ERC20 tokens have been battle tested and proven to function stably. That's not the case with BRC20 tokens, whose future has a high degree of uncertainty, despite the hype, BRC-20 tokens have little utility at present now lets see why Ordi just pumped, OKX just announced the listing of ORDI, and will open deposits at 18:00 on the 20th, and open spot transactions after the deposit amount meets the transaction requirements. ORDI is the first BRC20 asset, with a total of 21 million. Affected by this announcement, its price rose by more than 24% in 1 hour. The current price is around $15, and its market value is $313 million now Ordi can hit 15.5 , 16 and 16.5 for now
Long
by moonypto
1
$Mubi #MubiI think this will end up being a BIG gainer once Alt season really begins. #Brc20 plays will continue to gain interest once normies arrive they will think they are SUPER SMART for clinching these types of ideas. Still no major #Cex IMO Speaking of @robinhood where you at with some NEW coins. I'm kind of surprised this came all the way back down in the 1st place with all the things that have gone parabolic recently. This kind of got treated like a pump and dump chump. However, I think it is a STRONG narrative going forward into this summer.
by rarebreed29
$ORDI Why Ordianls Is So Interesting: Across the Adoption ChasmOrdinal Ecosystem crossing the "Chasm" of tech adoption as it becomes a main crypto Narrative. As money comes in over the next year, opportunities to get in on the ground floor of new "lucrative' concepts Ordinals have been printing $$$ for folks minting and participating in various tokens and nft's. NOw, Ordinals is Getting first liquidity swaps and growing infrastructure Why am I bullish on this concept. 1. New 2. Passionate and Talented community 3. Money still needs to inflow 4. People are dreaming .. when markets price possibilites usually it untethers to the upside 5. there is a grass roots and degen appeal 6. provides a new narrative and use case for Bitcoin Doge and Doginals 1. degen community 2. cheaper fees = product market fit (like bsc chain in defi) 3. accepted 4. Ultra tiny 5. Long Shot is Elon may leverage the Doge/Doginal ecosystem in twitter. Also other non-token assets like rare satoshis, ordinal nft's, bitmaps (metaverse lands based on bitcoin blocks) , etc The ordinal ecosystem (bitcoin) and Doginal ecosystem (doge) looks to be a narrative that is only gaining more momentum As a new development for this cycle, the opportunity is big to capture imaginations of crypto users. Usually in the year before the halving and during the halving year a new "twist" on the crypto space is introduced. That starts as degenerate on chain action. Ordinals standard which were made available through the taproot upgrade has inspired enthusiast to build and trade individual satoshis and the data inscribed on those satoshis.
Long
by SnarkyPuppy
4
Auction for Bitcoin Ordinals Goes Live on Sotheby’s Auction house Sotheby’s has opened bidding for its Bitcoin Ordinals collection following the conclusion of its first auction of this same digital collectible last year in December. Bitcoin Ordinals Auction: Ongoing Curated Sale The collection auction dubbed “Natively Digital: An Ordinals Curated Sale,” contains 19 pieces of the Bitcoin Ordinals including some rare Satoshis, work from the pioneering artist Shroomtoshi, generative art, and an item connected to the Bitcoin Ordinals brand Taproot Wizards. The price of the collection ranges from $5000 to about $70,000. Two Shroomtoshi pieces were listed for $50,000-$70,000 and they are the most expensive. One of the Shroomtoshi has reached a $16,000 bid while the other is still on $8,000. FAR for Taproot is listed for $15,000-$20,000, Nullish $30,000-$40,000, and another Nullish Block 9 for $10,000-$15,000. The “lot” are expected to close independently one minute from each other, however, the auction will close on January 22. Per a statement from Sotheby’s, “This sale puts a spotlight on the incredible range of creative diversity found within the Bitcoin ecosystem, as Ordinals have seen explosive growth over the past year.” Sotheby’s first auction for Bitcoin Ordinals was completed on December 13 and it contained three pieces from BitcoinShroom’s collection. This was regarded as one of the first Ordinals projects ever created by Shroomtoshi. The auction of this collection led to an influx of funds. Upon completion, a total of $450,850 was realized from the sales. Compared to the collective value of the three pieces, the realized funds marked a five times increase. Bitcoin is Now Duly Competing With Ethereum With the advent of Bitcoin Ordinals ($ORDI), CRYPTOCAP:BTC is fast competing with Ethereum ( CRYPTOCAP:ETH ) as a digital collectible powerhouse. Moreso, the concept of Ordinals is fast gaining recognition and adoption in the global scene as duly proven by the Sotheby’s listing. After Gary Gensler, SEC Chair attempted to debunk a false post about Bitcoin ETF approval a few days ago, digital artist Billy moved to immortalize the official’s response to the false Bitcoin ETF approval post as Bitcoin Ordinals. At the same time, Bitcoin Ordinals have faced some opposition from the likes of Bitcoin ( CRYPTOCAP:BTC ) core developer Luka Dashjr who is pushing for its eradication.
Long
by DEXWireNews
1