ORDI is a cryptocurrency token that has garnered significant attention within the digital asset space. This guide provides a detailed overview of its current market performance, historical data, and essential metrics to help you understand its position in the crypto landscape.
Current ORDI Price and Performance
As of the latest data, ORDI is trading at approximately $7.63 USD**, reflecting a **-7.76%** change over the past 24 hours. The token opened at **$8.00 today, indicating a -4.71% decrease from its opening price. After briefly recovering to $8.07, the token faced resistance and failed to sustain upward momentum.
Over the past 30 days, ORDI has experienced a -21.63% decline from its peak but has also shown resilience with a 22.46% increase from its lowest point in the same period.
Key Market Data and Statistics
Understanding market metrics is crucial for evaluating any cryptocurrency. Here are the vital statistics for ORDI:
- Market Capitalization: $160.1 million (Ranked #211)
- Fully Diluted Valuation (FDV): $160.1 million
- 24-Hour Trading Volume: $32.3 million (Ranked #104, change of -32.36%)
- 24-Hour Price Range: $7.61 - $8.29
- Circulating Supply: 21,000,000 ORDI
- Total and Max Supply: 21,000,000 ORDI
- All-Time High (ATH): $85.21 (representing a -91.05% decline)
- 52-Week Range: $5.68 - $52.20
ORDI Price Charts and Historical Analysis
Price charts are indispensable tools for traders and analysts. ORDI's performance can be tracked across various time frames:
- 1 Day: For intraday volatility and short-term trends.
- 7 Days: To gauge weekly momentum and reactions to market news.
- 1 Month: For assessing medium-term trends and broader market cycles.
- 1 Year & All-Time: To understand long-term performance and historical support/resistance levels.
Chart displays can often be set to Default or Reverse views, catering to different analytical preferences.
Comparative Performance Against USD, BTC, and ETH
ORDI's value is often measured against major benchmarks. Its recent performance highlights include:
| VS | 1 Hour | 24 Hours | 7 Days | 1 Month | 1 Year |
|---|---|---|---|---|---|
| USD | -2.24% | -7.76% | +9.44% | -14.46% | -79.20% |
| BTC | -3.18% | -7.27% | +8.27% | -17.17% | -88.40% |
| ETH | -1.99% | -5.41% | +5.22% | -11.36% | -72.67% |
Trading and Exchange Information
ORDI is a tradable token, not mineable, and is currently accessible for trading on 24 major exchanges. Its trading volume of $32.3 million** significantly outpaces the average volume of **$2.26 million for other cryptocurrencies launched in the same period.
For those looking to engage with this asset, it's crucial to use reputable platforms. 👉 Explore secure trading platforms for digital assets
ROI and Volatility Metrics
Return on Investment (ROI) and volatility are key indicators of risk and potential reward.
- ROI (3 Months): +8.22%
- ROI (6 Months): -73.63%
- ROI (12 Months): -77.14%
- Volatility (3 Months): 65.11%
- Volatility (6 Months): 93.29%
- Volatility (12 Months): 125.49%
- Maximum Drawdown: -94.09%
These figures indicate a history of high volatility, which is characteristic of many emerging crypto assets.
Technical Analysis Indicators
Technical analysts use various indicators to predict future price movements. Recent signals for ORDI include:
Momentum Oscillators:
- RSI (14): 53.91 (Neutral)
- Commodity Channel Index (20): 53.88 (Neutral)
- Williams %R (14): -34.04 (Neutral)
- Ultimate Oscillator: 51.95 (Neutral)
Moving Averages:
The short-term moving averages (SMA and EMA for 10 and 20 periods) mostly suggest "Buy" signals, while medium and long-term averages (from 30 to 200 periods) overwhelmingly suggest "Sell" signals. This divergence often indicates a market grappling with defining a clear long-term trend amidst short-term fluctuations.
Frequently Asked Questions
What is the ORDI token?
ORDI is a cryptocurrency token built on the Bitcoin network using the Ordinals protocol. It represents a unique digital asset that allows for the creation and trading of Bitcoin-based NFTs and other inscribed digital artifacts.
How can I buy ORDI tokens?
You can purchase ORDI on various centralized and decentralized cryptocurrency exchanges. It is typically traded against major pairs like BTC, ETH, and stablecoins such as USDT. Always ensure you are using a secure and reputable platform for your transactions.
What factors influence the price of ORDI?
The price of ORDI is influenced by broader cryptocurrency market trends, Bitcoin's performance, developments within the Ordinals ecosystem, overall trading volume, and shifts in investor sentiment towards novel digital assets on Bitcoin.
What does a high volatility percentage mean for ORDI?
High volatility percentages, such as the 125.49% recorded over 12 months, indicate that the token's price has experienced significant swings both upward and downward. This represents higher risk but also the potential for higher returns, requiring a careful investment strategy.
What is the significance of its fixed supply?
ORDI has a fixed maximum supply of 21 million tokens, mirroring Bitcoin's scarcity model. This built-in scarcity can be a fundamental factor influencing its long-term value, assuming demand grows or remains stable.
Is ORDI a good investment?
Like any cryptocurrency, investing in ORDI carries inherent risks due to its volatility and the speculative nature of the market. Its performance should be analyzed within the context of your overall investment portfolio, risk tolerance, and a thorough understanding of the Ordinals ecosystem. Conduct your own research before making any investment decisions.