$ORDI Surged 30% in Past 24 Hours, Reaching Market Cap. Over $1.3 Billion

The largest BRC-20 token, $ORDI, has risen over 30% in the past 24 hours, and registered over 1,000% increase in market cap. Since Nov.5. The current price stands at over $60.

Since launched in early 2023, the Ordinals quickly beomes one of the largest ecossystem in the bitcoin network. The Bitcoin Ordinals mechanism set the stage for the development of both fungible tokens, like BRC-20 tokens, and non-fungible tokens. It allows for arbitrary data to be inscribed onto the lowest denomination bitcoin (known as satoshi), leading to a flurry of images, and text to be inscribed.