The meme-token ORDI, with a market capitalization of $1.2 billion, has set a new standard in the cryptocurrency world, becoming the first BRC-20 crypto asset to reach such a high valuation. This success not only underscores the importance of meme-tokens in the modern crypto industry but also reflects the growing interest and investment potential in this segment.
The price of ORDI is rapidly approaching the $60 mark, ranking 57th on CoinGecko. In the last 24 hours, the token has grown by 45%, and over the week, by an impressive 198%. After being listed on Binance, one of the largest cryptocurrency exchanges, ORDI's value increased by more than 700%, indicating its popularity among investors.
However, in early November, Binance representatives warned of the increased risks associated with the novelty of ORDI. Consequently, the token was assigned a Seed Tag, indicating its potentially high volatility, an important factor for investors.
The Seed Tag assigned to the token serves as a reminder that, despite its impressive growth, ORDI remains a high-risk asset due to its unpredictability and newness in the cryptocurrency space. Investors are advised to conduct thorough analysis and consider potential risks before investing in such new and volatile assets as ORDI.
