November 27, 2023
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December 7, 2023
The ORDI token, powered by Bitcoin Ordinals, has achieved a remarkable milestone with a market cap of $1 billion.
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The achievement follows an extraordinary 850% monthly increase in the token's value, reaching a high of over $65 on December 5.
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As reported by Cointelegraph, ORDI is the first BRC-20 token to cross the $1 billion market cap threshold.
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Despite a slight dip in value to below $61, the token still maintains a substantial 2,000% increase from its all-time low of $2.86 on September 11.
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Bitcoin Ordinals, launched by Casey Rodarmor in January, supports content inscription onto the Bitcoin blockchain, including NFTs and new tokens using the BRC-20 standard.
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After a brief slump in inscription activity in October, Binance's decision to list ORDI on November 7 has revived interest in the asset.
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Dune Analytics data reveals that since the platform's inception, over 48 million Ordinals assets have been inscribed, with more than $146.9 million paid in fees to the Bitcoin network.
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