De-fi
ORDI is the First BRC-20 Token to Top $1 Billion Market Cap – Crypto News
$ORDI is also up 600% in the past 30 days, hitting an all-time high of $52.87 yesterday.
The largest BRC-20 token belonging to the Ordinals ecosystem, ORDI, has been on a moonshot over the past month.
Registering a near 1,000% increase in market capitalization since Nov. 5, the token sailed past $1 billion yesterday, topping off at $1.1 billion according to data from Coingecko.
Although it dropped slightly overnight, the token remains over the ten-figure mark, and finds itself ranked #62 on the price aggregator’s market cap list.
The token’s price has also soared, more than doubling over the weekend, currently changing hands at $49.47, notching a 21% spike in the past twenty four hours. ORDI has seen near-vertical price movements over the past thirty days, pumping more than 600%, as per Coingecko.
Trading volumes also accompany the meteoric rise in both token value and market cap. The ecosystem has been heavily bought and sold over the past 24 hours, with $957 million changing hands.
As 2023 winds down, and with it, the hopes of an end to the protracted bear market,
ORDI’s success comes amid a widespread market rally which has seen Bitcoin and ETH surge to yearly highs.
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