BRC-20 Kicks Into Accumulation As ORDI Price Posts Dramatic Recovery

Ordinals (ORDI), BRC-20 tokens, and Bitcoin’s NFT are pumping, fuelled by the ORDI price recovery, which has rocketed 360% in the past year and shows serious market potential.

However, 100% of ORDI tokens are now circulating, and recent trends are bearish. Even though ORDI price has plunged 66% from its all-time high of $96.17 on March 5, 2024.

Bitcoin’s price is rangebound because Ordinal volume fell off, and miner revenues are still crushed, but it has probably bottomed out.

Read that sentence again. It’ll be the most important you read all day.

ORDI’s market cap currently sits at $672.869 million, ranking it #91 globally. So, can things turn around?

ORDI Was One Of the Primary Drivers of the Bull Run

It’s Jan 2023; here’s a recap of events that took us to the bull run to this crab Bitcoin market we see now:

• Jan 2023: ORDI launches on Bitcoin; price immediately responds, and transaction volume goes through the roof
• Bitcoin miner revenues hit ATH
• But wait: ETFs launch
• Bolsters the rally
• But wait: halving occurs

We’re here, basically.

As it stands, 71.60% of ORDI’s total supply is concentrated in the hands of its top 10 holders, consolidating power.

Still, ORDI’s derivatives trading volume has shot up 12%, indicating increased attention from traders and investors.

ORDI is trending alongside 99Bitcoin’s analysts’ expectations for the next major bull run around October.

Future Outlook and Support Levels for ORDI Price

Over the past five months, chart patterns show ORDI as a falling wedge, with a bearish super trend hinting at further drops. The token trades below its 50-day and 200-day EMAs after a death cross. MACD indicators and RSI levels also paint a grim picture of ORDI’s immediate price momentum.

Key support levels are $2.65 and $18.80, while resistance is $62.00 and $89.00.

Final Thoughts: Don’t Sleep On The Ordinals World Tour

2023, you could have missed many narratives. From Bitcoin ordinals to SOL to meme coins on any number of chains.

But don’t worry. A bull run is still in the making.

And if you’re a fan of ORDI, consider checking out OKX’s “Ordinals World Tour” on July 11 in Singapore.

Attendees can anticipate:

• Networking: Connect with leading voices in the Ordinals community
• Education: Learn about the Ordinals protocol and how to navigate the OKX Wallet
• Innovation: Discover the latest advancements in Bitcoin and blockchain technology from OKX
• Community Engagement: Participate in discussions and provide feedback to enhance OKX Wallet and Marketplace features

99Bitcoins Presale Raises Over $2.3 Million: A Better Bitcoin Beta Play?

While Stacks is edging higher, eyes are on the ongoing 99Bitcoins presale and its 99BTC token.

At its core, 99Bitcoins plans to relaunch and release a Learn-to-Earn (L2E) platform that rewards users who want to learn more about crypto.

All you have to do is complete courses, answer questions, and more–provided you learn.

The overhaul comes after more than ten years. During this time, 99Bitcoins has been actively educating the masses for free.

As of July 11, 99Bitcoins has nearly three million email subscribers and roughly one million more on YouTube.

Therefore, it is no surprise that the 99Bitcoins presale is on fire.

Over $2.3 million has been raised, with each token changing hands for $0.00113.

Those who want to buy 99BTC now can use USDT, ETH, BNB, or even their debit or credit cards.

Though 99BTC exists as an ERC-20 token, the goal is to eventually transit to a BRC-20 token on Bitcoin.

99Bitcoins will also launch a DEX.

There are elements of DeFi in the ongoing presale.

99BTC investors can wait for price gains on launch or earn more by staking.

So far, the project offers a 704% APY for stakers, attracting over 1.5 billion 99BTC.

For what’s on offer, supporters think 99BTC is trading at a massive discount and will easily 100X on launch.

BUY 99BTC HERE

EXPLORE: What is Bitcoin? Bitcoin Explained for Beginners (Updated 2024)

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.