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ORDIUSDT trade ideas

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
ORDIUSDT - BULLISH OUTLOOKORDIUSDT is exhibiting a bullish divergence on the 4-hour timeframe, suggesting a potential reversal in the prevailing downtrend. Furthermore, the price has successfully breached its lower high level and established a higher high, indicating a strengthening bullish momentum. Based on this analysis, a trading strategy can be outlined as follows: Entry: Consider entering a long position at the current market price of $63.50. Stop Loss (SL): Place a stop loss order at $54.98 to manage risk and mitigate potential losses. Take Profit (TP): Set take-profit levels to achieve a 1:1, 1:2, 1:3, and 1:4 risk-reward ratio: TP1: Set the first take-profit level at $72.02 TP2: Aim for the second take-profit level at $80.54 TP3: Target the third take-profit level at $89.06 TP4: Set the fourth take-profit level at $97.58 This trading strategy anticipates a bullish reversal based on the identified bullish divergence and the breakout above the lower high level. However, it's essential to monitor the market closely and adjust the strategy as necessary in response to changing conditions.
Long
by sunnytrader07
1
$ORDI IS A 95 PERCENT JACKPOTRemember when I predicted CRYPTOCAP:WIF to pump soon? Well I made some gains with just little $50 trade. Now guess what? It's not over though because it will pump more! But if want something lower that you can buy and stay safer from dump, I'm seeing a potential of $200 per SEED_DONKEYDAN_MARKET_CAP:ORDI at least this April. So I'm longing it with just 4x, a $50 trade. Imagine playing a sporty bet of 5 odds which is only a 50-50 chance of winning? Playing a long bet on ORDI is a potential huge and safer jackpot! too. It made a previous all time high of $97 and now setting a strong trend reverse, well let's wait for the outcome and hope for the best 🥰 MOONBOY Crypto
Long
by Moonboycrypt
ORDI ORDI is the mother of all brc20 tokens. The brc20 token market is only 1 year old. The Young Market, which is entering the active and most ambitious phase of the bullrun. The infrastructure for brc20 has already been built and in just 1 year! In May there will be a large forum in Hong Kong dedicated to brc20 and inscription. I expect a pump of the entire ecosystem until May and this event. One more thing. Not everyone understands how popular brc20 is in China... first target 5b mc 200-220$
Long
by BigCryptoUA
ORDI is expected to resurgeThe ORDI token is involved in the DeFi Bitcoin narrative through the Ordinals protocol and the BRC-20 standard. Soon, the new standard known as RUNES will enter the scene. With all of this aligned with the Bitcoin halving, I believe there is a good potential for the narrative around the price of the ORDI token to intensify again. All 21,000,000 ORDIs are in circulation. A market capitalization above $50 billion is needed for gains to approach the previous movement. Do you think it's possible?
Long
by MrGekkoWallSt
3
ORDI/USDT - Bouncing back from the supportBINANCE:ORDIUSDT (1D CHART) Technical Analysis Update ORDI is currently trading at $68.261 and showing overall bullish sentiment as the price bouncing back from the support. We have good opportunity for Long trade as we can expect the price to hit the resistance line. Entry level: $ 68.261 Stop Loss Level: $ 55.12 TakeProfit 1: $ 75.84 TakeProfit 2: $ 84 TakeProfit 3: $ 96 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ORDI RANGING PRICE ACTIONBINANCE:ORDIUSDT : Ordi has been trading within a range for the past months now without making any significant moves either to the upside or to the down side. Looking at the price action of ordi we can see that it has been trading within the price area of $48 to the $96 area without creating any significant high or low. Also if we take a close look at the price, we can see that the $80 to $84 area is a very strong supply zone which is preventing further price increase, also if we take a closer look we can see that the $48 to $55 area is also a strong support/ demand zone which is preventing the price from going lower. Inline with the price action, if we use the Fib Retracement tool, taking form the $55 to the $96 price levels, we can see that the 0.618 Fib levels is within the supply zone I mentioned earlier. CONCLUSION: If the price of Ordi breaks below the $55 price level, we should see the price filling the imbalances at the $30 area. But if the price breaks the $81 level and above, we should see ordi making a new high at the $120 level and above. (FROM MY POINT OF VIEW, WE SHOULD EXPECT A CONTINUES GROWTH FROM $55 AND BEYOND).. BINANCE:ORDIUSDT.P
Long
by Jahson23
2