Cryptocurrency token Ordi [ORDI], closely linked to the Bitcoin Ordinals protocol, experienced a staggering 85% growth within the last...
Binance announced the listing of the Ordi token as an emerging project under the “seed” tag on the 7th of November. This caused the token’s value to shoot up by 85% in the last 24 hours.in the last 24 hours caused average transaction fees to climb to their highest in almost six months on the blockchain.The last time the transaction fee on the Bitcoin network was this high was in May.
Although ORDI maintained an uptrend before the Binance listing was announced, the increased demand for the altcoin in the last 24 hours pushed its key momentum indicators to all-time highs. While these values depicted the high volume of ORDI accumulation within the last 24 hours, they also signaled that the asset was overbought.
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