Bitcoin Ordinals ORDI token tops $1B market cap after 850% monthly gain
Following an outsized rally, ORDI became the first BRC-20 token to breach a $1 billion market capitalization.
The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains.
ORDI notched a new all-time high of over $65 on Dec. 5, according to CoinGecko data.
The sudden ORDI price uptick saw it become the first BRC-20 token to reach a $1 billion market cap on Dec.
ORDI has dropped slightly from its high and is trading under $61, which is still an over 2,000% increase from its Sept.
Bitcoin Ordinals was first launched in January by Casey Rodarmor.
Related: Riot Platforms buys $291M in BTC rigs as miners rake it in from Ordinals
Ordinals-inscribed assets rapidly gained in popularity with the wider blockchain community. After a brief decline in inscription activity in October, Binance’s decision to list ORDI on Nov.
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Author: Tom Mitchelhill
