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Ordi Token is a digital asset on Bitcoin that can store arbitrary data in SATs. It follows the BRC-20 Token Standard, a framework for creating tokens on Bitcoin. It is different from the Ordinals Protocol, which also uses SATs for data insertion. Ordi Token was created by Domodata in 2023. The ORDI crypto has a market cap dominance of 0.066% and it holds the current market cap rank of #62 as per Coingecko. The ORDI crypto also made an all-time low of $2.86 on December 06, 2023. The current TVL of the Ordinal is $183.6K and the fully diluted valuation of the crypto is $1.162 Billion. Additionally, the current circulating supply of the crypto is 21.0 Million ORDI, which is 100% of its max supply. The spot trading volume of the ORDI crypto has declined by 42% in the last 24 hours. The derivatives trading volume has also declined by 45.79%, resulting in $3.82 Billion. Moreover, the open interest of the crypto has risen by 10.63%, resulting in a higher short liquidation of $3.53 Million along with a long liquidation of $2.41 Million. The data shows that the buyers are dominating the trend. Furthermore, the current long/short ratio of the crypto is 0.9829 and the derivative volume is slowly increasing. This change in the trading volume shows that the ORDI crypto community is very active at the moment. Breaking above a very crucial resistance of $30.00, the ORDI crypto is following a very strong uptrend. The price has increased by 266% in just the last 30 days. This shows how optimistic investors and traders are about this crypto. Currently, on the weekly chart, the ORDI crypto has formed very strong bullish candles, indicating the possibility of a further increase in the trading price. Earlier, along with a small trading range, the ORDI crypto had $8.5 as the change of character level for a change in trend. The crypto broke the level with very strong volume and made a strong bullish candle. This led to a bullish trend. The continued to rise to new highs by making a break of structure after the breakout. This shows that the buyers are optimistic for the crypto, which has led the prices to higher levels. The RSI is also indicating a strong buy signal as it points to a bullish trend. The RSI is currently at a level of 74.19, rising above the 14-day SMA. ORDI, a protocol that adds value to Bitcoin’s SATs, has soared by 266% in a month. The price has broken above key resistance levels and the RSI is bullish. ORDI has a high market cap and an active trading volume. There is significant potential for the ORD crypto price to rise to higher levels in the future. The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
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