BENQI

ORDI

Read

Avalanche

IoTeX

<ul>
 <li>ORDI: Surged by 16.1% to $50.33 with a $1 billion market cap and $516 million trading volume.</li>
 <li>RATS: Up 13.8% at $0.0001714, with a market cap of $177.05 million and $71.35 million trading volume.</li>
 <li>QI: Marked a 6.9% increase, hitting $0.01956, boasting a $93 million market cap and $12 million volume.</li>
</ul>
Amid unexpected market fluctuations, these 4 cryptocurrencies showed significant price increases. From Ordinals to IoTeX Network, let’s dive deeper and find out what makes them shine in the market today, May 31st.
Ordinals (ORDI)
The price of Ordinals (ORDI) rose 16.1% in 24 hours and has now touched $50.33. Today, <a href="https://www.coingecko.com/en/coins/ordi" rel="noopener noreferrer nofollow">Ordinals’ market cap </a>stands at around $1 billion, with a trading volume of $516 million registering a jump of 238.95% in the last 24 hours.&nbsp;
Following the bearish fall to the $33 level, ORDI’s 61.80% Fibonacci level, from the $87 peak, accounted for a 62% decline. However, with the broader market recovering, the ORDI price trend sucked the bullishness out of the market to challenge the $43 mark.
&nbsp;Rats (RATS)
The price of Rats (RATS) rose 13.8% within 24 hours and touched the price of $0.0001714. Rats’ market capitalization stands at around $177.05 million, with a trading volume of $71.35 million, registering a 182.45% surge within 24 hours.&nbsp;
RATS is a BRC-20 meme token on the Ordinal protocol on the <a href="https://cryptonewsland.com/worlds-first-ico-on-bitcoin-blockchain-nears-final-48-hours/" rel="noopener noreferrer nofollow">Bitcoin blockchain</a> which is inspired by a real animal, namely a rat. As BRC-20, RATS enables the use of satoshis (Bitcoin’s smallest unit) to identify, order and document digital content, creating unique digital artifacts.
BENQI (QI)
&nbsp;QI price recorded an increase of 6.9% in 24 hours and touched $0.01956. BENQI has surged impressively in the last 24 hours, boasting a market capitalization exceeding $93 million and trading volume hitting $12 million, marking a remarkable 272.84% increase. In essence, BENQI stands as a decentralized, non-custodial liquidity marketplace and liquid staking protocol, operating on the high-speed <a href="https://cryptonewsland.com/avalanche-and-alipay-join-forces-to-launch-e-wallet-for-web3-support/" rel="noopener noreferrer nofollow">Avalanche</a> smart contract network.
IoTeX (IOTX)
Being one of the crypto assets that rose today,<a href="https://www.coingecko.com/id/koin_koin/iotex" rel="noopener noreferrer nofollow"> IoTeX (IOTX)</a> recorded an increase of 6.3% within 24 hours, and touched the price of IoTeX (IOTX). At the time of writing, IoTeX’s market cap is around $561 million with a trading volume of $70 million, which is up 219.42% in the last 24 hours.
Started as an open-source project in 2017, IoTeX has built a decentralized platform that aims to empower an open economy for machines – an open ecosystem where people and machines can interact with guaranteed trust, free will, and under well-designed economic incentives.
As ORDI, RATS, QI, and IOTX continue to showcase resilience and growth amidst market volatility, their future in the crypto industry appears promising. Each token embodies unique value propositions, from Ordinals’ recovery momentum to RATS’ innovative BRC-20 protocol, BENQI’s role in liquidity provision, and IoTeX’s vision for a trust-powered machine economy.
With ongoing development and adoption, these cryptocurrencies are poised to contribute positively to the evolving landscape of decentralized finance and blockchain technology.
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/gate-exchange-lowers-ordi-withdrawal-fee/" rel="noopener noreferrer nofollow">Gate Exchange Revises ORDI Withdrawal Fee Amid User Criticism</a></li>
 <li><a href="https://cryptonewsland.com/iotex-launches-burn-drop-v2-as-it-hits-3000-devices/" rel="noopener noreferrer nofollow">IoTeX Launches Burn-Drop v2 as it Hits 3000 Devices</a></li>
 <li><a href="https://cryptonewsland.com/iotex-launches-100m-fund-for-web3-economy/" rel="noopener noreferrer nofollow">IoTeX Launches $100M Fund for Web3 Economy</a></li>
 <li><a href="https://cryptonewsland.com/iotex-announces-mainnet-v1-3-upgrade-for-july-22/" rel="noopener noreferrer nofollow">IoTeX Announces Mainnet v1.3 Upgrade for July 22</a></li>
 <li><a href="https://cryptonewsland.com/list-of-5-tokens-that-can-be-the-next-solana-sol-in-2024/" rel="noopener noreferrer nofollow">List of 5 tokens that can be the next Solana (SOL) in 2024</a></li>
</ul>
The post <a href="https://cryptonewsland.com/unlocking-the-mystery-why-ordi-rats-qi-and-iotx-dominate-the-crypto-market-today/" rel="noopener noreferrer nofollow">Unlocking the Mystery: Why ORDI, RATS, QI, and IOTX Dominate the Crypto Market Today</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Unlocking the Mystery: Why ORDI, RATS, QI, and IOTX Dominate the Crypto Market Today

Crypto News Land

Altri articoli pubblicati su 31 mag 2024

Vitalik Buterin is 'giantly important' to Ethereum’s future: Experts weigh in

SEC Views on Ether ETF Approvals Suggest Staking Could Still be Deemed a Security

Robinhood Nears Settlement with Investors Over 2021 Meme Stock Trading Halt

Donald Trump Convicted, MAGA Token Goes Wild Post Verdict

XRP, Solana, Cardano ETFs Are Coming! Ripple CEO Predicts Greenlight in 2024

As Crypto Markets Fluctuate, Is Chimpzee a Safe Haven for Crypto Investors?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!