Cryptocurrency trader Daan Crypto Trades, in his post on X ORDI He pointed out that the price increased more than 3 times in just two weeks. The trader also noted that it might be a good idea to stockpile tokens during declines or as Bitcoin (BTC) heads towards its halving. stated.
$ORDI What an insane move this was. More than 3x within 2 weeks. Crazy.
NEWS CONTINUES BELOWBiggest spot bag win in a while.
Don’t forget to pay yourself if you catch moves like these 👍 https://t.co/0hrLjg5LE3 pic.twitter.com/2v4MO8NIxw
NEWS CONTINUES BELOW— Daan Crypto Trades (@DaanCrypto) November 7, 2023
ORDI’s massive price increase, BinanceIt happened after . announced that the token was listed and mistakenly linked it to the Bitcoin Ordinals project. Meanwhile, CoinMarketCap data showed that the price increased by 6% in the last 24 hours alone.
In conclusion altcoinAfter reaching the highest price of 24 hours, $15.25, it fell to $15.14. However, ORDI’s intraday volume has dropped 43% since yesterday and was recorded at $347,992,464.
However, ORDI’s market value gained positive momentum, rising to $316,717,206. This helped make the altcoin the 115th largest token by market cap. The coin’s recent successes have also been reflected in its long-term performance, as the altcoin has posted a weekly performance of +178.19%. The token also increased by 341.48% in the monthly time frame.
ORDI’s positive momentum was also supported by media attention directed towards the token after Ordinals creator Casey Rodarmore stated that he had absolutely nothing to do with his project. Rodarmore also asked Binance representatives to remove all information from the asset listing announcement page.
Following this, Binance republished the correct ORDI data and also removed all links referencing Ordinals. However, the price still managed to gain the necessary momentum.
Another reason why Binance listing ORDI is such a big deal is that the exchange has recently made it a point to remove trading pairs that have not been performing. Already, some pairs associated with Shiba Inu (SHIB) and Cardano (ADA) have been removed, but the exchange believed that ORDI was worth its time.