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The ORDI price has recorded a weekly surge of 33%, while also surging by around 11% in the last 24 hours. ORDI token currently stands as the largest BRC-20 token with a market cap of $1.61 billion.
It is followed by SATS (1000SATS), which also saw a 7% pump today, reaching a market cap of $1.03 billion.
ORDI emerged as the first token on the Bitcoin network, adhering to the BRC-20 standard. As such, it is not surprising for it to be among the first cryptocurrencies to follow Bitcoin’s lead when BTC itself starts to grow.
Bitcoin saw a 3% recovery in the last 24 hours, allowing its price to go back beyond $70.7k, while its market cap surged to $1.39 trillion. ORDI followed, taking off from the price of $68 to the resistance at $78. With only 8 days until Bitcoin’s block rewards halving, the market is growing more and more volatile, which is why traders are advised to remain cautious.
ORDI Price Prediction – Next Crypto To Explode?
While the ORDI price saw a surge in the last several days, including the last 24 hours, technical indicators suggest that the BRC-20 token may be likely to correct soon.
The project’s Bollinger bands have sharply narrowed compared to earlier today, which is a bearish sign, suggesting an upcoming price drop. Along the way, the project’s Relative Strength Index (RSI) has also started to drop from an overbought zone, where it reached the value of 73.87, to 55.80, which is in the neutral zone.
ORDI price chart
However, the selling pressure could likely continue to rise, thus forcing the RSI value further down, as traders continue to dump their ORDI tokens. If this happens, the ORDI price won’t be far behind.
For the time being, this is all only speculation, and right now, the token’s price continues to fluctuate between a support level at $76 and a resistance at $78.
However, it is likely only a matter of time before ORDI makes its move, and the signs point toward the token’s price going down, rather than up.
Our pick for the next cryptocurrency to explode is a new upcoming BRC-20 token:
Future BRC-20 Token 99Bitcoins Launches Presale
While ORDI continues to dominate the BRC-20 sector, a new token will be arriving soon, and it might even become a major competitor.
The project in question is known as 99Bitcoins (99BTC), and while it will initially launch on Ethereum, as an ERC-20 token, the plan is to later transition to BRC-20 and join other Bitcoin tokens.
99Bitcoins describes itself as the future of Learn-To-Earn, and 99BTC as the Learn-To-Earn token. The project was designed to reward individuals who earn about cryptocurrency. This is not a new concept, as Coinbase and other entities and crypto have established such programs in the past.
However, 99Bitcoins itself is a classic platform for crypto-related content, which is now launching its cryptocurrency, integrating with BRC-20 to pioneer the L2E model on the Bitcoin blockchain.
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