November 27, 2023

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Ordinals (ORDI) Surges 500%: Price Potential Ahead?

December 4, 2023

Introduction to Ordinals

Ordinals introduce a systematic numbering system for satoshis, providing tracking and transfer capabilities.

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Ordinals is actively developed on GitHub, encompassing various components like a BIP, index, wallet, block explorer, embedding functionality, and a comprehensive manual.

Open-Source Initiative

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Ordinals is valued at $31.85 with a 24-hour trading volume of $2.65 billion, a market cap of $668.85 million, and a 35.24% surge in the last 24 hours.

Current Valuation & Trading Statistics

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Historical Price Milestones

Recent surge attributed to a 500% increase in the past 30 days following its listing on Binance.

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Market Sentiment & Predictions

Bullish sentiment with a Fear & Greed Index at 73 (Greed). Caution advised due to rapid price ascent; vigilance recommended for potential market corrections.

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Technical Analysis & Trading Indicators

Trading above the 200-day simple moving average signals positive momentum.

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Market Dynamics & Exchange Support

Ordinals available on 26 exchanges, including Binance and KuCoin, contributing to broad market accessibility.

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