Future

Bitcoin

ORDI

OpenChat

<a href="https://bitcoinworld.co.in/will-ordi-spark-nft-resurgence-shape-the-future-of-bitcoin-ordinals-nfts/" title="Will ORDI Spark NFT Resurgence, Shape The Future Of Bitcoin Ordinals NFTs?" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The volume of Ordinals inscriptions resumed its trend above 100,000 as of press time.</li> 
 <li style="font-weight: 400">ORDI remained above its listing price despite declines.</li> 
</ul> 
The inclusion of the Ordinals token in the listings on exchanges has led to renewed interest in inscriptions, as per recent statistics. Additionally, these inscriptions have reshaped the NFT space, with Bitcoin Ordinals NFTs taking the lead as of press time. 
<h3 id="span-style-font-weight-400-ordinals-remains-active-span">Ordinals Remains Active</h3> 
Despite experiencing a notable decline in activity a few months ago, the Bitcoin Ordinals inscriptions persisted. A recent examination of the daily volume on <a href="https://dune.com/dgtl_assets/bitcoin-ordinals-analysis">Dune Analytics</a> indicated a resurgence. 
The data revealed that, with only a few exceptions, the daily count of inscriptions has consistently remained above 100,000. Also, it has surpassed half a million within a day. 
At the time of this writing, the daily inscription count stood at over 400,000. This renewed interest could be partly attributed to the ORDI listing on exchanges. 
<h3 id="span-style-font-weight-400-how-has-ordi-fared-since-the-listing-span">How Has ORDI Fared Since The Listing?</h3> 
An analysis of the daily time frame chart for ORDI indicated a sustained positive price trend. Despite encountering declines, the chart revealed that it stayed above its initial listing price. 
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/openchat-to-experiment-with-facial-recognition-in-blockchain/" aria-label="“OpenChat To Experiment With Facial Recognition In Blockchain” (Edit)">OpenChat To Experiment With Facial Recognition In Blockchain</a> 
According to the price range tool, there has been a remarkable increase of over 70% from its listing value. The token was trading at around $22.12, reflecting a slight decrease of around 5%. 
<figure id="attachment_55701" aria-describedby="caption-attachment-55701" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-55701" src="https://bitcoinworld.co.in/wp-content/uploads/ORDI-Price-Chart-1-440x300.png" alt="" width="468" height="319" srcset="https://bitcoinworld.co.in/wp-content/uploads/ORDI-Price-Chart-1-440x300.png 440w, https://bitcoinworld.co.in/wp-content/uploads/ORDI-Price-Chart-1-733x500.png 733w, https://bitcoinworld.co.in/wp-content/uploads/ORDI-Price-Chart-1.png 768w" sizes="(max-width: 468px) 100vw, 468px">
 <figcaption id="caption-attachment-55701" class="wp-caption-text">
 ORDI Price Chart | Source: <a href="https://coinstats.app/coins/ordinals/">Coinstats</a>
 </figcaption>
</figure> 
&nbsp; 
<h3 id="span-style-font-weight-400-bitcoin-ordinals-nfts-now-dominate-trade-volume-span">Bitcoin Ordinals NFTs Now Dominate Trade Volume</h3> 
According to data from CryptoSlam, NFTs inspired by Ordinals have recorded the highest daily sales volume in the past 24 hours. The observed data indicated that these NFTs claimed the top ten spots in daily volume. 
The Rats BRC-20 NFT collection was leading this rise, boasting a daily sales volume of nearly $4 million at the time of this report. The collection has witnessed over 1,000 transactions involving more than 600 buyers and sellers. 
Furthermore, the impact of these NFT collections has moved Bitcoin into the NFT rankings for the first time. As per CryptoSlam, the Bitcoin network had the top position in NFT sales as of press time. 
Bitcoin’s daily sales volume was over $38 million as well, surpassing established NFT networks such as Ethereum [ETH] and Solana [SOL]. 
The post <a href="https://bitcoinworld.co.in/will-ordi-spark-nft-resurgence-shape-the-future-of-bitcoin-ordinals-nfts/">Will ORDI Spark NFT Resurgence, Shape The Future Of Bitcoin Ordinals NFTs?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Will ORDI Spark NFT Resurgence, Shape The Future Of Bitcoin Ordinals NFTs?

Table of Contents

ItsBitcoinWorld

Other articles published on Nov 20, 2023

Microsoft’s Satya Nadella Hires Sam Altman And Greg Brockman For New AI Team

Ethereum among major blockchains, dominating with 92.5% of total TVL

Analysts focus on Rebel Satoshi, Shiba Inu, and Zcash ahead of crypto bull run

Bitcoin Supporter Javier Milei Becomes Argentina’s New President: Details of the Election!

Navigating the Future — The Top 5 Crypto Projects To Watch Out for 2024

Mike Novogratz Sees Binance Settlement as Key to Crypto Stability

Join our free newsletter for daily crypto updates!