In recent weeks, traders have been significantly affected by news related to BRC-20 tokens in the cryptocurrency realm. These tokens have been showcasing rapid growth in the market, outperforming even the most promising digital assets. Among the BRC-20 token list, the Ordinals (ORDI) token has particularly captured the spotlight, securing the top position.
Source:BRC-20.io
Based on data from BRC-20.io, the Ordinals (ORDI) token holds the impressive distinction of having the highest market capitalization, amounting to a staggering $220.02 million, surpassing all other tokens. Adding to its recent achievements, OKX, one of the second largest cryptocurrency exchanges based on trading volume, also listed ORDI for spot trading on May 20th.
The last 24 hours Ordi saw a 10% drop in trading volume, which stood at $197.8 million.
OKX made a significant move by introducing the ORDI/USDT pair listing, positioning itself as one of the pioneering exchanges to offer to trade for the Ordinals (ORDI) token. Subsequent to the listing on May 20th, the price of ORDI began its trajectory at $10 and reached a peak of $12.598 on the same day.
However, the bullish gain experienced by Ordinals (ORDI) was short-lived, as selling pressure quickly emerged. Currently, as of writing, the price of ORDI is trading at $9.93, marking a significant decline of nearly 20% within the past 24 hours, as reported by CoinMarketCap.
Following its initial high on the day of listing, the price of ORDI against the USDT pair has been consistently declining, reaching a recent low of $9.48. At present, the ORDI price is hovering around the significant psychological level of $10. A daily price closing above this crucial support level has the potential to reignite bullish sentiment in the market.
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