Bitcoin

ORDI

<p class="is-style-lead">ORDI (ORDI) surged 82% after the largest crypto exchange, Binance, announced its listing and mistakenly tied it to the Bitcoin Ordinals project.</p> 
<p>Over the past 24 hours, the token’s price has jumped from $7.49 to $13.66 at the time of writing. However, ORDI price is still well below its all-time high of $29.16, recorded on May 8, 2023.</p> 
<p>Since the all-time low on Sept. 11, 2023, the token has already increased by 381.95%.</p> 
<figure class="wp-block-image size-full">
 <img decoding="async" loading="lazy" width="1574" height="830" src="https://crypto.news/app/uploads/2023/11/Screenshot-2023-11-08-at-09.30.45.png" alt="ORDI surges around 150% in one week amid Binance listing error - 24" class="wp-image-14213312">
 <figcaption class="wp-element-caption">
  Source: <a href="https://coinmarketcap.com/currencies/ordi/" target="_blank" rel="noopener">CoinMarketCap</a>
 </figcaption>
</figure> 
<p>ORDI’s market capitalization also jumped 22.5% in the recent 24 hours to $277 million. Now, according to this indicator, the token ranks 127th in the <a href="https://coinmarketcap.com/currencies/ordi/" target="_blank" rel="noopener">CoinMarketCap</a> rating.</p> 
<p>At the same time, ORDI trading volumes showed stunning growth. Over 24 hours, trading volume increased by 320% to $506 million. This propelled ORDI into the top 10 cryptocurrencies by 24-hour trading volume.</p> 
<h2 class="wp-block-heading" id="binance-lists-ordi">Binance lists ORDI</h2> 
<p>Earlier Binance&nbsp;<a href="https://crypto.news/binance-to-list-bitcoin-ordinals-token-ordi/">announced</a> the listing of ORDI on its platform. The crypto community believed that the token belonged to the popular Ordinals project.</p> 
<p>However, Ordinals creator Casey Rodarmore stated that the ORDI token has nothing to do with his project. He asked Binance representatives to remove all information from the asset listing announcement page.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I hope this gets fixed soon. ORDI is not associated with the Ordinals project, The Open Ordinals Institute, or The Ordicord.<br><br>Those links should be removed, and the token should not be named "Ordinals". The name of the token is ORDI.<br><br>If anyone has any contacts at Binance they… <a href="https://t.co/vR9cneIPBk" target="_blank">https://t.co/vR9cneIPBk</a></p>— Casey (@rodarmor) <a href="https://twitter.com/rodarmor/status/1721999174756188637?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 7, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The crypto exchange has <a href="https://www.binance.com/en/support/announcement/binance-will-list-ordi-ordi-with-seed-tag-applied-4bd64404aa384fe5a00e0f9b131035db" target="_blank" rel="noopener">relaunched</a> ORDI data and removed all links referring to Ordinals. According to the announcement, ORDI is the first token created in accordance with the BRC-20 standard on the Bitcoin network.</p> 
<p>Ordinals can record data in the smallest unit of Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) – Satoshi. Ordinals convert individual satoshis into non-fungible tokens (NFTs) and thus create a Bitcoin NFT. Unlike traditional <a href="https://crypto.news/price/ethereum/">Ethereum</a>-based tokens, the service stores user content on-chain.</p> 
<p> You might also like: <a href="https://crypto.news/binance-pool-launches-ordinals-inscription-service/"> Binance Pool launches Ordinals inscription service </a> </p>

ORDI surges around 150% in one week amid Binance listing error

Table of Contents

crypto.news

Other articles published on Nov 8, 2023

Temporarily no trading fees with iDeal payments

Arbitrum Season Is Coming: Analyst Reveals Strategies for Capitalizing on It

Circle Contemplating an Initial Public Offering (IPO) in 2024

Dogecoin: Expert Predicts Upward Surge Amidst Tight Trading Zone

Shib Wallet to Feature Forget-Proof Recovery and Email Sign-In

Bitcoin price surpasses $35k again despite whale activity drop

Join our free newsletter for daily crypto updates!