Token

Request

ORDI

April

<ul> 
 <li>The token has been categorized as a “seed” developing project on the exchange.</li> 
 <li>The trading volume increased to approximately $445 million, an increase of over 1402%.</li> 
</ul> 
Ordinals (ORDI) token prices related to the Bitcoin Ordinals protocol have increased by 81% in the last 24 hours after being categorized as a “seed” developing project on the cryptocurrency exchange <a href="https://thenewscrypto.com/binance-ceo-cz-calls-dr-doom-shameless-over-logo-use/" target="_blank" rel="noreferrer noopener">Binance</a>. 
The Seed Label denotes experimental endeavors, the tokens which may be more volatile and risky than average. The exchange stated that ORDI would get the Seed Tag. Binance announced today that it would begin providing ORDI/BTC, ORDI/USDT, and ORDI/TRY as spot trading pairs, with ORDI withdrawals beginning at 6:30 a.m. UTC on November 8. 
<h3 class="wp-block-heading" id="significant-surge">Significant Surge</h3> 
After the successful debut of Binance Pool’s Ordinals Inscription Service in August, which made it simpler for users to inscribe extra data into the Bitcoin blockchain, the decision to list ORDI was made. From Monday’s low in the $7 range, ORDI prices have risen to the $12.72 level at the time of writing. Moreover, the trading volume increased to approximately $445 million, an increase of over 1402%. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/11/ORDI_1D_graph_coinmarketcap.png" alt="" class="wp-image-85330" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/ORDI_1D_graph_coinmarketcap.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/11/ORDI_1D_graph_coinmarketcap-300x181.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/ORDI_1D_graph_coinmarketcap-150x90.png 150w" sizes="(max-width: 630px) 100vw, 630px">
 <figcaption class="wp-element-caption">
 Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
 </figcaption>
 </figure>
</div> 
Using the Ordinals protocol, <a href="https://thenewscrypto.com/custodia-bank-granted-approval-to-operate-bitcoin-custody-platform/" target="_blank" rel="noreferrer noopener">Bitcoin</a> users may inscribe data to works of digital art into relatively tiny Bitcoin-based transactions. Users were able to create tradable tokens directly over the network once the Bitcoin Request for Comment (BRC-20) token standard was published in April, prompting the release of the protocol. 
That immediately sparked a collection of digital artwork and meme tokens created on Bitcoin in the weeks thereafter. According to <a href="https://dune.com/" target="_blank" rel="noreferrer noopener nofollow">Dune Analytics</a>, over $77 million worth of bitcoin (BTC) has been generated in developer fees from over 38 million inscriptions issued on Ordinals since its April debut. <a href="http://coinmarketcap.com" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a> data shows that after the Binance listing news, the price of ORDI jumped 81% in the previous 24 hours to trade at $12.71. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/kazakhstan-restricts-access-to-coinbase-as-crypto-regulations-tighten/" target="_blank" rel="noreferrer noopener">Kazakhstan Restricts Access to Coinbase as Crypto Regulations Tighten</a>

Ordinals (ORDI) Token Soars 81% Post Binance Listing

Table of Contents

TheNewsCrypto

Other articles published on Nov 7, 2023

Ripple Analysis: Support and Resistance Levels to Watch

Did XRP Give up at $0.7 Resistance?

Ripple Transfers 60 Million XRP to Unknown Wallet as XRP Price Finds Ceiling

Peloton Falls in Premarket After Deutsche Bank Downgrade

Custodia Bank Granted Approval To Operate Bitcoin Custody Platform

XRP Coin Price Drops Below $0.7: What’s Next?

Join our free newsletter for daily crypto updates!