BRC-20 price rises significantly due to Binance listing
Key Takeaways
- The price of Ordinals (ORDI), a collection of tokens on the Bitcoin blockchain, soared after being listed on Binance.
- Binance supports trading ORDI combined with USDT, BTC, and Turkish Lira.
- The BRC-20 token framework marks a significant advancement for Bitcoin, which now has a market capitalization of $1.34 billion and increased support from wallet providers.
The cryptocurrency community is abuzz with the BRC-20 token. Ordinals recently saw a notable increase in its market price after being listed on Binance, a leading cryptocurrency exchange..
The latest sensation in the cryptocurrency industry, Ordinals, tokens issued on the Bitcoin blockchain. It rose 40.8% to $10.19. Just 24 hours after it was listed on Binance.
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Binance is Added Ordinals (ORDI) trading support for popular currenciesOpens new ways to trade cryptocurrencies, including Tether (USDT), Bitcoin (BTC), and Turkish Lira.
Binance emphasized its support for innovative cryptocurrency projects. ORDI does not charge listing fees.. Traders are very excited. Withdrawal starts on November 8th. With early bird incentives, First 1,000 When users deposit at least 72 ORDI, they will receive a 50 USDT trading rebate voucher..
ORDI token is Part of a broader innovation within the Bitcoin ecosystem, known as the Bitcoin ordinal number. This technology assigns a unique number to each satoshi, the smallest unit of Bitcoin, allowing a unique digital asset to be created and tracked on the blockchain. Pioneered by Web3 developer Rodarmor last January, the concept quickly gained popularity. Significant technological leap forward for the Bitcoin blockchain.
Support for BRC-20 tokens is growing rapidly, with self-custodial wallet providers such as BitKeep, now known as Bitget Wallet, offering deposit and withdrawal services for these tokens since June. The market capitalization of the BRC-20 token, currently at $1.34 billion, is a clear indicator of its growing importance in the cryptocurrency world.
The integration of Ordinals into Binance’s trading ecosystem has led to a sharp increase in valuation and highlighted Bitcoin’s technological advancement potential and the cryptocurrency market’s enthusiastic response to the burgeoning BRC-20 token sector.
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