Ordi is the first inscription token issued through the BRC20 protocol, marking its important position on the inscription track. The name Ordi is inspired by the first four letters of the Ordinals protocol. This clever naming not only gives it a unique narrative value, but also makes it stand out in the cryptocurrency market. With the continuous development of blockchain technology, Ordi, as an emerging token, has attracted the attention of more and more investors.
Release information
Ordi was created in March 2023 with a total circulation set at 21 million coins, an amount identical to the total supply of Bitcoin, further reinforcing its special identity and value as an inscription. Due to its limited supply, Ordi's scarcity in the market has caused its potential value to continue to rise, making it a hot target for investors.
Market performance: Since the birth of Ordi, its market performance has been amazing. It has created a return of 10,000 times, demonstrating its huge potential as an investment target. This astonishing growth has attracted widespread attention and helped Ordi successfully land on multiple mainstream exchanges. With the addition of exchanges, Ordi's liquidity and visibility have also been significantly improved, laying a good foundation for its future development.
latest data
As of March 12, 2024, Ordi's market capitalization was approximately US$1.6 billion, ranking it 73rd in the global market capitalization rankings. This data not only reflects Ordi’s acceptance in the market, but also shows its status in the hearts of investors. In addition, the number of Ordi currency holding addresses has reached approximately 17,100. This number further proves its popularity among investors and shows that more and more people are willing to participate in the Ordi ecosystem.
Ordi's growth potential assessment: Ordi's potential assessment can be analyzed from two different angles, reflecting its growth potential in the future market.
Evaluation as a Meme Coin
In the current meme currency market, the market values of leading currencies such as Doge and Shiba Inu are approximately US$24.2 billion and US$18.9 billion respectively. Through the analysis of these data, we can expect that Ordi will have room for growth of 10 to 15 times in the future. As an emerging meme currency, Ordi's performance in the market will receive widespread attention, and investors' expectations for its future will continue to rise.
Evaluation as the leader of the new narrative of asset issuance: Another evaluation logic is to regard Ordi as the leader of the new narrative of asset issuance. Typically, the leading token of the new narrative has a chance to enter the top 20 of the crypto market. Based on the current market value of Litecoin (LTC), which is ranked 20th, at approximately US$7.2 billion, it is estimated that Ordi will have room for growth of 4 to 5 times in the future. This assessment is not only based on the potential of the market, but also reflects Ordi's influence as an emerging narrative.
comprehensive assessment
Taking into account the multiple narrative blessings behind Ordi, including being the leader of a new narrative for assets, the engine of the current bull market, and the empowerment of the Bitcoin ecosystem, Ordi has demonstrated huge growth potential as an investment target. Whether evaluated from the perspective of a meme coin or a new narrative leader, Ordi shows the potential for significant growth in the future market.
in conclusion
As the first inscription token issued through the BRC20 protocol, Ordi has become the focus of investors with its unique narrative value and strong market performance. Whether it is its market performance or future growth potential, Ordi has shown huge room for growth. In the ever-changing cryptocurrency market, Ordi is undoubtedly an investment worth paying attention to. As more investors join, Ordi's future will be full of endless possibilities.