Binance has warned users about potential high volatility in ORDI token prices, classifying its risk as "above normal." The ORDI token, associated with the Bitcoin Ordinals protocol, surged by 50% in 24 hours after its listing on Binance under the "Seed" tag for emerging projects.
What Is ORDI?
ORDI is a token linked to the Bitcoin Ordinals protocol, which enables users to inscribe digital art references onto Bitcoin transactions. Launched alongside the BRC-20 token standard in April 2023, the protocol allows direct issuance of transferable tokens on the Bitcoin network, spurring a wave of Bitcoin-based digital art and meme tokens.
Key Features:
- Bitcoin-Native Artifacts: Ordinals are Bitcoin’s equivalent of NFTs, inscribed on satoshis (the smallest Bitcoin unit).
- BRC-20 Standard: Facilitates token creation without relying on smart contracts.
- Decentralized Storage: Unlike NFTs, Ordinals are stored directly on the Bitcoin blockchain.
ORDI Price Performance
- Initial Surge: Peaked at $29.16 on May 8, 2023, before dropping below $10 by late May.
- 2023 Recovery: Rebounded from a September low of $2.86 to $18.88 by November 10.
- Recent Volatility: Spiked 90% on November 7, then corrected by 5% the next day.
👉 Track ORDI’s latest price movements
ORDI Price Predictions
Short-Term (2023):
- CoinCodex: Predicts a drop to $13.09 by November 12, recovering to $13.95 by December 7.
- DigitalCoinPrice: Forecasts $29.27 by year-end.
- PricePrediction.net: Estimates $6.91.
Long-Term:
| Year | DigitalCoinPrice | CrowdWisdom | PricePrediction.net |
|------|-------------------|-------------|---------------------|
| 2025 | $48.06 | $32.40 | $14.16 |
| 2030 | $139.94 | $121.00 | $89.04 |
FAQs
Q: Is ORDI a good investment?
A: High-risk due to volatility. Research Bitcoin’s adoption of BRC-20 tokens and NFT trends before investing.
Q: How does ORDI differ from NFTs?
A: Ordinals are stored on-chain (Bitcoin), while NFTs typically use off-chain storage (e.g., Ethereum).
Q: Why did ORDI surge after Binance’s listing?
A: Increased liquidity and visibility drove demand, though Binance flagged its high-risk nature.
👉 Explore Bitcoin Ordinals’ potential
Key Takeaways
- Market Cap: ~$279M (21M ORDI in circulation).
- Risks: High volatility, regulatory scrutiny on BRC-20 tokens.
- Opportunity: Pioneering Bitcoin-native digital artifacts.
Note: Always conduct independent research and invest only what you can afford to lose.