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ORDI, BRC-20 Tokens, and Bitcoin\'s NFT Are Pumping, Fueled by the ORDI Price Recovery

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Release: 2024-07-18 07:29:10
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Ordinals (ORDI), BRC-20 tokens, and Bitcoin’s NFT are pumping, fuelled by the ORDI price recovery, which has rocketed 360% in the past year and shows serious market potential.

ORDI, BRC-20 Tokens, and Bitcoin's NFT Are Pumping, Fueled by the ORDI Price Recovery

Ordinals (ORDI) is a BRC-20 token that has seen a surge in value recently, thanks largely to the rising interest in Bitcoin’s NFT.

Over the past year, ORDI has seen a 360% increase in price, showcasing the token’s strong market potential.

However, with 100% of ORDI tokens now in circulation and recent trends leaning bearish, the token’s future trajectory may not be as promising.

Despite a 66% drop from its all-time high of $96.17 on March 5, 2024, ORDI’s price has remained rangebound due to the falling Ordinal volume and crushed miner revenues.

According to ORDI’s price analysis, the token is currently trading in a falling wedge formation on the 4-hour chart, with a bearish super trend hinting at further drops.

Technical indicators show ORDI trades below its 50-day and 200-day EMAs after a death cross.

Falling wedge breakouts usually lead to a 70% gain from the breakout point, suggesting ORDI could reach $62.00-$89.00.

Key support levels are $2.65 and $18.80, while resistance is $62.00 and $89.00.

Over the past five months, chart patterns show ORDI as a falling wedge.

With a falling wedge breakout, the token could reach $62.00-$89.00.

Don’t Sleep On The Ordinals World Tour

Throughout 2023, various narratives have emerged, including Bitcoin Ordinals, meme coins, and SOL.

While these narratives may have slipped past you, there’s still time to join the fun.

And if you’re a fan of ORDI, be sure to attend OKX’s “Ordinals World Tour” in Singapore on July 11.

Attendees can expect to learn more about ORDI and its derivatives, as well as upcoming updates on Bitcoin Ordinals.

99Bitcoins Presale Raises Over $2.3 Million: A Better Bitcoin Beta Play?

As Stacks edges higher, another interesting development to watch is the ongoing 99Bitcoins presale and its 99BTC token.

At its core, 99Bitcoins is planning to launch a Learn-to-Earn (L2E) platform that will reward users for engaging in the learning process.

The platform will offer various activities such as completing courses, answering questions, and more – all designed to enhance your crypto knowledge.

This large-scale overhaul comes after more than ten years of 99Bitcoins actively educating the masses for free.

As of July 11, 99Bitcoins has nearly three million email subscribers and about one million more on YouTube.

With such a vast audience, it’s no wonder the 99Bitcoins presale has taken off.

So far, the project offers a 704% APY for stakers, attracting over 1.5 billion 99BTC.

Those who want to buy 99BTC now can use USDT, ETH, BNB, or even their debit or credit cards.

Although 99BTC currently exists as an ERC-20 token, the goal is to eventually transition to a BRC-20 token on Bitcoin.

Additionally, 99Bitcoins will launch a DEX.

There are elements of DeFi in the ongoing presale.

You can either wait for price gains on launch or earn more by staking 99BTC.

So far, the project offers a 704% APY for stakers.

At present, over 1.5 billion 99BTC is being staked by those waiting to earn.

With what’s on offer, supporters believe 99BTC is trading at a massive discount and will easily 100X on launch.

BUY 99BTC HERE

EXPLORE: What is Bitcoin? Bitcoin Explained for Beginners (Updated 2024)

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source:kdj.com
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