$42.71
Time period | Change amount | % Change |
---|---|---|
1H | $-0.07000 | -0.17% |
24H | $-0.6800 | -1.56% |
7D | $-1.47 | -3.32% |
30D | $-23.15 | -35.15% |
1Y | $+17.23 | +67.64% |
Ordinals price today is $42.71 with a 24-hour trading volume of $133.66 M, and as such Ordinals has a market cap of $896.91 M, giving it a market dominance of 0.023%. The Ordinals price moved -1.56% in the last 24 hours.
Ordinals reached its highest price on 2024-03-05 when it was trading at its all-time high of $95.52, while its lowest price was recorded on 2023-09-11 when it was trading at its all-time low of $2.86. The current lowest price since the last cycle high was $2.86, and the highest price since the last cycle low was $95.52. The social sentiment of Ordinals is currently Positive.
The current circulating supply of Ordinals is $21 M ORDI. In terms of market cap, Ordinals is currently ranked 132.
There are two schools of thought in determining the price of Ordinals.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Ordinals, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Ordinals from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Ordinals on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Ordinals as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Ordinals and the cryptocurrency market as a whole.
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Increased scarcity for Bitcoin after the halving, paired with demand for Runes tokens, could shake up the Ordinals space.
With the Bitcoin Runes protocol launch imminent, Ord.io secures $2 million in funding to expand its development team.
“There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant,” Wintermute’s OTC desk told CoinDesk.
Ordinal inscriptions and BRC-20 tokens are controversial for using up valuable space on the Bitcoin network. But, with rewards set to be cut in half, they offer a lifeline for miners as they adapt to new blockchain economics.
From Runestone to NodeMonkes and Bitcoin Puppets, these Ordinals and Runes projects are well worth knowing before the halving.
Broader crypto markets remained little changed over the weekend but some Ordinal ecosystems saw gains as a proxy bet for BTC.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-04-26 | $946.26 M | -- ORDI | $45.06 | N/A |
2024-04-25 | $1.02 B | -- ORDI | $48.77 | $45.06 |
2024-04-24 | $1.05 B | -- ORDI | $49.94 | $48.77 |
2024-04-23 | $1.05 B | 5721.46 ORDI | $49.94 | $49.94 |
2024-04-22 | $1.03 B | 8959.15 ORDI | $49.15 | $49.94 |
2024-04-21 | $1.07 B | 4.9 M ORDI | $50.88 | $49.15 |
2024-04-20 | $970.38 M | 6.35 M ORDI | $46.21 | $50.88 |
2024-04-19 | $890.82 M | 5725.83 ORDI | $42.42 | $46.21 |