In a recent move that sent shockwaves through the crypto market, Binance announced its decision to list Ordinals (ORDI). This exciting development has led to a dramatic surge in ORDI’s value, with a whopping 50% increase post-announcement. So, what’s the story behind “Binance Announces Ordinals (ORDI) Listing” and what does it mean for ORDI holders?
The Lowdown on Binance’s ORDI Listing
Renowned crypto exchange, Binance, recently revealed its plans to list the Ordinals (ORDI) token on its platform. This makes Binance the latest addition to a steadily growing roster of crypto trading platforms that have embraced ORDI. The listing includes new spot trading pairs ORDI/BTC, ORDI/USDT/, and ORDI/TRY, which were open for trading at 10:00 (UTC) on the day of the announcement.
Deposits for ORDI were enabled ahead of the trading activities, however, withdrawals were not set to commence until the following day. A tantalizing incentive was also offered, with the first 1000 users depositing a minimum of 72 ORDI standing a chance to earn some rewards.
ORDI’s Market Performance Post-Listing
Following Binance’s announcement, ORDI’s price took a swift upward trajectory. According to CoinMarketCap data, the previously stable token skyrocketed from $7.4 to a staggering $11.09 at the time of writing. Over a week, the token’s value increased by a remarkable 121%, and looking at the broader four-week chart, the token’s value had surged by 215% from approximately $3 per token.
The announcement not only boosted ORDI’s price but also its trading volume. The token recorded over $100 million in trade volume within 24 hours of the announcement, marking a 171% increase. As of now, ORDI’s market cap sits at $232 million, positioning it as the 244th-ranked cryptocurrency network globally.
Tracking ORDI’s Performance and Future Prospects
With such a significant surge in value and volume following Binance’s listing, ORDI holders and potential investors may want to keep a close eye on this token. For those interested in tracking ORDI’s performance, the cryptoview.io application offers a comprehensive solution. This platform provides in-depth insights into various cryptocurrencies, including ORDI, making it an essential tool for anyone invested in the crypto market.
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Note: This article is intended for informational and educational purposes only and does not constitute financial advice. Readers are advised to exercise caution and conduct their own research before making any investment decisions.
