$ORDI/USDT pessimistic outlook, I do not invest anymore.
Updated
I have invested and made good money trading OORDI for a while. I have ridden the rise and sold at $69, missing the peak and feeling bad at the time.
Now my sentiment about OORDI is very bearish, and I will explain why I will stop trading it. Here are several events that have happened and are red flags:
1. OORDI was created in March 2023 by Domo, an enigmatic blockchain analyst; he just posted it on Github, and it was adopted by the team developing Bitcoin code. Binance launched it nobody knows why,
2. OORDI does not have a proper website. The founder didn't make money out of it and is not supporting it.
3. OORDI does not have an identified legal entity, no budget, no tokenomics, no roadmap, and no ecosystem.
4. OORDI now has RUNE (not the Thorchain
RUNE), which has a questionable name and seems to be a modification of BRC-20 to make money out of it. I personally think that it is shady.
So OORDI is a VERY HIGH investment risk, manipulated by Binance, with no team, and no future, to be honest. Worse, RUNE seems to be a takeover by Casey Rodarmor, a Bitcoin dev, and the name he has chosen is not compatible with any exchange because it already exists with a top 50 token that is older and succesful!
What the hell is going on?
I think that $95 is the all-time high for this coin for its lifetime, which will dump into oblivion before the end of this bull run, with no fundamental attached to it, I do not see what can save it.
Of course, I might be wrong; some magic could happen, and some pump might occur, but the signs of imminent death are already showing. It has dumped 66%, one of the worst performances of all the top 100 cryptos since its ATH. It is not recovering.
Conclusion: Be very careful with this coin. It has been short-lived and is probably in the process of dying.
Now my sentiment about OORDI is very bearish, and I will explain why I will stop trading it. Here are several events that have happened and are red flags:
1. OORDI was created in March 2023 by Domo, an enigmatic blockchain analyst; he just posted it on Github, and it was adopted by the team developing Bitcoin code. Binance launched it nobody knows why,
2. OORDI does not have a proper website. The founder didn't make money out of it and is not supporting it.
3. OORDI does not have an identified legal entity, no budget, no tokenomics, no roadmap, and no ecosystem.
4. OORDI now has RUNE (not the Thorchain
RUNE), which has a questionable name and seems to be a modification of BRC-20 to make money out of it. I personally think that it is shady.So OORDI is a VERY HIGH investment risk, manipulated by Binance, with no team, and no future, to be honest. Worse, RUNE seems to be a takeover by Casey Rodarmor, a Bitcoin dev, and the name he has chosen is not compatible with any exchange because it already exists with a top 50 token that is older and succesful!
What the hell is going on?
I think that $95 is the all-time high for this coin for its lifetime, which will dump into oblivion before the end of this bull run, with no fundamental attached to it, I do not see what can save it.
Of course, I might be wrong; some magic could happen, and some pump might occur, but the signs of imminent death are already showing. It has dumped 66%, one of the worst performances of all the top 100 cryptos since its ATH. It is not recovering.
Conclusion: Be very careful with this coin. It has been short-lived and is probably in the process of dying.
Note
OORDI is massively underperforming the market. A move or +10% is far from the -60% it got before. The volume has been divided by 2 to less than 100M when OORDI was in the top 10 volume one month ago. It almost been out from the top 100 and is now ranked 93. All of these are confirming my idea, sadly, this coin is dying.
Note
The current trend is confirming my idea. Now OORDI has past the 120 rank in crypto, falling to its death.Note
OORDI is pumping for no reason, but it is what crypto is about. I am not trading it, too risky but I have to acknowledge that Binance market makers are doing a great job.Note
OORDI, is dying slowly but surely. Some bounce are showing some sign of life, but it is in a downtrend to zero.Note
Dying more... every day.Note
The fall is continuing. The end will be when Binance will delist ORDI. It will happen.Note
This idea is still very accurate. OORDI is resisting to oblivion, thanks to Binance who is playing with it.
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