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Ordinals

ORDI Price MovementAs of December 6, 2023, ORDI was trading at $65.03, which was a 2.7% increase from the previous day. ORDI has also seen a 232% increase over the past week. The token's trade volume has also increased by 85% during this time, reaching $2.3 billion. ORDI is a Bitcoin-based meme coin that has been following Bitcoin's price action. This means that if Bitcoin's rally stops, ORDI may also stop rising. This could cause the price of ORDI to drop to $55 or even $50. ORDI has been the top performing asset in the top 100 cryptocurrencies. In the past three months, ORDI has increased by 1,432%. ORDI has a Market cap of about $1.16 billion with a 24-hour trading volume of about $2.28 billion and a Circulating supply of 21 million ORDI. ORDI's Chart pattern indicating a Falling Wedge. Will wait for a retest before buying the dip.
Long
by DEXWireNews
Bitcoin Core v26.0 Is Now Live, BTC Price Set For $50000Bitcoin core org has released the Bitcoin v26 upgrade on the network pipeline. In an X post, the Bitcoin core project announced the upgrade has been deployed and the documents have been released. The last Bitcoin v25.0 upgrade was released in May 2023. The release includes various new features, bug fixes, and performance improvements, as well as updates to translations. Users are encouraged to report bugs through the GitHub issue tracker. What’s New In The Bitcoin v26 Upgrade? The Bitcoin v26 documentation was released by one of the developers named Michael Ford. The document specifically for Bitcoin users urges to upgrade to the new version, to make it compatible with different operating systems, and notable changes in the upcoming release. Some of the key changes mentioned include experimental support for the v2 transport protocol, improvements in nodes’ resistance to eclipse attacks, and enhancements in pruning. Additionally, the document drafts updates to RPCs (Remote Procedure Calls), changes to wallet-related RPCs, new RPCs, updated and new settings, tools and utilities, and GUI changes. Low-level changes, including test-related updates, are also covered. The release credits numerous contributors for their direct contributions to the release, emphasizing the collaborative nature of the Bitcoin Core development team. Drama Around Bitcoin Ordinals And ORDI Price Jump Recently, Bitcoin core developer Luke Dashjr has suggested that an upgrade would fix the bugs related to the Bitcoin network congestion and BRC-20 token transfer Amid the Bitcoin price rally, Dashjr stated that a critical bug in Bitcoin Knots, a derivative of Bitcoin Core, has been successfully addressed in a recent update. The bug in question allowed inscriptions to surpass the data limit by disguising their content as program code. Bitcoin Core has long permitted users to set limits on additional data in transactions since 2013. However, this loophole allowed inscriptions to cleverly bypass these limits by presenting their data as program code. Dashjr also expressed concern regarding the forthcoming Bitcoin Core release (v26) that even the latest upgrade wouldn’t suffice the bug. He highlighted that the vulnerability still exists in this version. As per developments it would be addressed before the v27 release scheduled for next year. Amid all these, the BRC-20 token ORDI has recently seen a staggering price jump of 131%. At the press time, ORDI price was trading at $47.00, with a 24-hour trading volume of $1.7 billion. The token, however, plunged 5% in the last 24 hours. Over the previous month, the token has increased by more than 700%. Additionally, the recent development came when Bitcoin is receiving enormous transactions every day. Top Bitcoin analysts have predicted the BTC price could shoot above $50000 as well.
BINANCE:BTCUSDLong
by DEXWireNews
ORDI COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVE NEAR ME !!ORDI Coin Update & Possible Moves Near Me !! • Price look overbought on 4h &1D Chart & 1h chart structure look bearish. • Correction expected Near me !! • Support & resistance are clear on a chart. If you take any future short trade then make sure to set stoploss or use minimume fund... • Near me this project looks like a scam & whale manipulation is high on it.. • if you did not do proper risk management before taking trade on it ...then may be you will get rekt🤐
by CRYPTOPLAYERS-01
Ordinals (ORDI) Records All-Time High Amid Bullish BreakoutORDI hits an all-time high with a golden ratio and bullish momentum. RSI and MACD signals add confidence for traders. Ordinals (ORDI) price has recently made headlines with its impressive market performance. A recent analysis shows ORDI price movements have revealed the golden ratio per Fibonacci retracement. This positioning is crucial, as it often indicates a potential for price bounce, marking an opportune moment for traders to consider entry. Moreover, in the last 24 hours, bullish momentum has had the upper hand, with the price soaring from an intra-day low of $21.01 to an all-time high of $29.35. Consequently, ORDI has recorded the most gains ranking first in the CoinMarketCap top gainers. ORDI/USD price chart Bullish Indicators Strengthen Confidence in ORDI Moreover, reinforcing the bullish perspective is a critical technical indicator. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) on the 4-hour chart exhibit bullish trends. Notably, the RSI is at 90.24, suggesting an overbought condition, which may signal a potential price pullback. However, this is coupled with positive momentum from the MACD, indicating sustained buyer interest and the likelihood of continued price appreciation. Market Structure Points to Upcoming Breakout The market structure of ORDI adds further weight to the bullish sentiment. The asset has been consistently registering higher lows, a pattern often preceding a breakout from the prevailing trendline, followed by the formation of a higher high. This pattern indicates bullish solid momentum and is a critical factor for traders to consider in their strategic planning. Recent price action on the 1-hour chart has provided tangible benefits for strategic traders. Confirming a trendline breakout offered a compelling entry point, optimally utilized by taking profits at the recent swing high. This move highlights the importance of timely market entry and exit strategies in maximizing returns.
Long
by DEXWireNews
Interesting Events With ORDI Token. . Potentially the next move? ORDI is seen as the first BRC-20 test where the supply is 21,000,000 and the test mints were limited to 1,000. I have experimented with this like I did with the original NFT coins, Ordinals are seen as Artifacts on the blockchain which in theory makes perfect sense. You can hardcode your own artifact to the most secure computer network in the world. ORDI? you don't need any to create an artifact "Inscribing" but the Origin test tokens were in fact ORDI meaning if the "Inscribing" market takes off there will be major interest on the ORDI token. ORDI is almost like creating a future "poor mans bitcoin" the silver to gold. Worth it to buy a few if you can afford to lose it, pretty soon ORDI could be over $100 on the way to something like $3,000
INDEX:BTCUSDLong
by FederalXBT
$TRAC (BRC-20): trading and accumulating = investing into BTCThe BRC-20 token LSE:TRAC (don't confuse it with OriginTrail, same ticker) is trading on decentralized exchanges (you need a BTC wallet like Ordinalswallet, XVerse, Unisat) and on Gate.io. It is a fundamentally very interesting project with a market cap below $10M, the indexer of the BRC-20/Ordinals space on Bitcoin. Lot of room to the upside, but, obviously, also high risk. I am very bullish on the project and I am using each opportunity to benefit from its high volatility on Gate.io. The black lvls on the chart are the S/R areas where the price is constantly ranging between. I am selling resistances, buying supports. If it breaks the resistance I buy the retest/support and sell the next resistance. If it breaks down I buy the next support. It's basically trading 101. I make 5% or 10% a few times a day. Bought today's dip at 37c, sold a small bag at 54c. The green levels/areas are demand zones of different importance. Between 35 and 44c strong support. At the time of writing at $0.47, I consider this still as cheap. NFA. I am not selling as much as I buy tho, accumulating this coin for further upside. DYOR. You do you, I do I.
Long
by NonComposMentis
Rising from the Ashes: GALA V2 Ignites a Spectacular GALA Run GALA V2: Igniting a Thrilling Bull Market Breakout, Surging GALA, the blockchain and gaming juggernaut, defies expectations with an explosive breakout synced with the highly anticipated bull market. The migration to GALA V2 and a jaw-dropping burn of 21 billion shares set the stage for an electrifying ascent. Within an ascending parallel channel, GALA captures the attention of investors with an unwavering climb. Riding the bullish wave, GALA holds its position, delivering mind-boggling returns exceeding 5 times the initial investment. This breakout, perfectly aligned with the bull market, shakes the cryptocurrency world. GALA emerges as an unrivaled force, reshaping success in blockchain and gaming. Partnerships flourish, users multiply, and investors rush to join this meteoric rise. Hold on tight as GALA skyrockets, defying expectations and setting new benchmarks. The fusion of GALA's breakout and the bull market is an adrenaline-fueled spectacle, where dreams turn to reality and investors witness unprecedented returns. Get ready to be part of this thrilling journey!
Long
by MarkBTV
Indicators Signal Short-Term Buying Opportunity for STX (Stacks)I aspire, and expect Bitcoin to recover and resume its upward movement, with $STX ultimately closing the weekly candle above $0.84. Nevertheless, in technical analysis and trading, wishful thinking is not enough and holds no weight. The key is to identify conditions with a high likelihood of success. Presently, $STX has fallen below $0.84 and is expected to continue its downward trend for the time being. Nonetheless, there is still hope for the short term. The 'ZigZag Fibonacci Tool' has automatically mapped out several Fibonacci levels that could potentially serve as support zones in the future (see my green arrows) Additionally, the Chris Moody Slingshot tool indicates a high probability of an upward tick around $0.77. The green candle colour suggests a conservative buying opportunity at present. Furthermore, the TD Sequential countdown to 9 on the daily chart indicates a buying opportunity as it identifies turning points in asset or index price trends, printing a TD9 after nine consecutive candles above/below the previous four candles' closing price. In conclusion, although Stacks has slipped through its support zone, favourable days are expected in the short term. The current undervaluation of $STX makes it an attractive bargain.
by joerivdpol
1
ORDINALS 30MIN bearish short term Hey everyone! Been absent for quite some time. Lately ive been looking for an entry on ORDINALS so if youre also looking for a possible entry based in Technical Analysis I bring you the 30 min timeframe chart which is looking bearish IMO. In the chart,above, i have highlighted everything you need to know as well as target boxes. I believe I am being very clear on my TA but ask any questions below if you have any doubts regarding the TA. ORDINALS IS THE NEW TREND AND THE KING OF BRC20 LEADER. Brc-20 Detailed Explanation: Understanding Bitcoin's New Token Standard and Its Applications, Limitations and Prospects 1) What is brc20? The BRC-20 token standard on Bitcoin was created by Twitter user @domodata on March 8, 2023, as an experimental fungible token standard. It utilizes #Ordinals protocol JSON data to mint and transfer tokens. BRC-20 creators stress that this is just an experiment and the token itself has no value. The first BRC-20 token contract deploys the "ordi" token, which is limited to 1,000 tokens per coin minting and a total of 21 million tokens. When minting BRC-20 tokens, pay attention to the choice of minting service, use the transfer function correctly, and ensure that there are still remaining tokens before minting. 2) How the system works? Brc20 relies on a front-end page to retrieve and view account balances. The focus is on real-time recording of account balances. It is necessary to always retrieve blocks and mark all casting, receiving and transfer behaviors. Deploy codes, supply and claim limits that directly record inscriptions. When the user mint, directly transfer the balance from the general account to the receiving account The transfer is divided into two steps. The first step is to cast a transfer function inscription to the sending address. The second step is to send the inscription to the receiving account, and then the front-end system records the balance. 3) Some limitations of the system. Cannot exceed the maximum number of transfers declared at the time of token deployment Cannot exceed the user's available balance If the transfer behavior occurs in the same block, the order of confirmed blocks will prevail Each transfer inscription can only be used once. 4) How does the user operate? The operations of brc20 are divided into Deploy, Mint, and Transfer, that is, deployment, collection, and transfer. For the client, it is the casting of inscriptions. 5) Outlook Although BRC-20 is only experimental, its development has been actively promoted by the community and developers. Better standards and tools may emerge in the future. Better standards would require distributing tokens in deployment transactions, using data structures that don't consume too much block space. BRC-20 creators expressed interest in developing a better standard for bitcoin fungible tokens. If the market is large enough, search services can be designed to be used for a fee, resulting in a more accurate and better experience. The basis for the development of brc20 is that there are enough users of ordinals, and the premise of having more users is that the market value of nft is large enough.
Short
by CryptoGao1
Bitcoin Forecast Sunny🌞 (Confidence: 0.98 )🌤️ Good news for Bitcoin investors! Based on the past hour's data, the weather in the Bitcoin world looks sunny ☀️. The cryptocurrency's price opened at 26302 and reached a high of 26387, with a low of 26254. This suggests a stable and positive trend in the market. The trading volume is also relatively high, indicating strong investor interest. 📈 Additionally, the EMA indicators (9, 21, 50, 100, and 200) are all showing an upward trend, with the EMA200 being the highest at 27729. This signals a potential long-term positive outlook for the cryptocurrency. 📉 However, it is important to note that the RSI value is low at 33, indicating that Bitcoin may be oversold. This could mean a possible price correction in the near future. The MACD value of -314 is also negative, which could indicate a bearish trend. Overall, the sunny forecast 🌤️ is based on the positive trend seen in the majority of the indicators, with the caveat that investors should keep a close eye on the RSI and MACD values for any potential changes in the market.
BINANCE:BTCUSDLong
by ChatGPT_Bitcoin_Forecaster