Ordi Price Soars Another 10% And Is Up 226% In A Week

The Ordi price soared by another 10%, putting its total growth at 226% in the past several days as its price reached $19.78 at 1:30 pm EST in the aftermath of the token’s listing on Binance’s crypto exchange.

The token’s daily trading volume has surged by about 60%, now at $736.9 million, reflecting heightened investor interest and market activity.

ORDI Price Surges Following Its Listing On Binance

This Tuesday, the Ordi token’s price began its significant ascent following its listing on Binance, the world’s largest exchange by volume. This listing significantly heightened ORDI’s visibility in the cryptocurrency market, as evidenced by CoinGecko data showing its global trading volume soaring from under $50 million to over $500 million.

Binance introduced ORDI in its Innovations section, categorizing it as a high-risk cryptocurrency. This cautionary stance is attributed to several factors: ORDI lacks an identifiable team, does not have an official website, and maintains virtually no presence on social media platforms. Additionally, CBSpears disclosed that ORDI’s appearance on platform X is not associated with the token itself, adding to its mysterious and speculative nature.

Bitcoin Minetrix Presale Closing In On $4m raised

While ORDI saw impressive performance during the last week, it is worth noting that Bitcoin Minetrix (BTCMTX), one of the hottest presales of this fall, has also attracted significant interest and capital.

The project managed to raise $3.75 million, and its token is currently available for only $0.0115.

Spotlighting the security measures of #BitcoinMinetrix compared to Conventional Cloud Mining: 🛡️

🔐 #BTCMTX: Decentralized, user-controlled tradeable assets.

💰 Traditional Cloud Mining: Demands cash deposits.#CryptoComparison #CloudMining pic.twitter.com/E6RqPQOV1P

— Bitcoinminetrix (@bitcoinminetrix) November 7, 2023

However, those who wish to buy it at this price should act quickly, as BTCMTX will see another price increase in less than two days. The token is available in exchange for ETH and USDT but can also be purchased via credit or debit card.

Bitcoin Minetrix is a cloud mining platform for Bitcoin, where its native token can be used for staking. Staking BTCMTX grants credits to the staker, which are then used for mining BTC.

With Bitcoin halving expected to come next year, Bitcoin mining is at its all-time high, and miners stopped selling their BTC a while ago, waiting for an expected price increase.

Also, while Bitcoin Minetrix is a cloud mining platform, and these platforms have had their reputation damaged due to numerous scams, the project has ensured that its platform is fully decentralized and transparent.

Related

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