The top BRC-20 token ORDI is showing enormous strength today on Saturday.
The ORDI price is up nearly 13% today – owing to Bitcoin’s bullish strength – and is currently trading at $41, with a market capitalization of over $860 million.
A new BRC-20 token – 99Bitcoins – is also in high demand, thanks to its strong community backing and learn-to-earn utility. The 99BTC presale has already received nearly $2.5 million in early investments, with smart-money traders aiming for 10x returns after its launch.
ORDI Price Explodes – How High Can It Go?
BRC-20 tokens show a high degree of correlation with the Bitcoin price.
Unsurprisingly, ORDI isn’t the only token in the sector that is breaking out. SATS, Multibit and Orange are also showing substantial strength, with the latter two up double digits today.
Indeed, the total BRC-20 market capitalization is up by nearly 8% and currently stands at $1.7 billion.
However, ORDI is once again the leader of the back, rallying by 12% in the daily timeframe. A 70% spike in its daily trading volume also indicates that the investors have significant conviction in the ongoing rally, making a bullish continuation extremely likely.
ORDI’s technicals also paints an optimistic outlook. For instance, popular analyst Trader Koala (@trader_koala) believes that the ORDI price could surge to $60, now that it has breached the $39 resistance level.
Experts are even more bullish in the long term, with some suggesting that the top BRC-20 token could trade as high as $172 this year.
As previously mentioned, Bitcoin’s bullish strength is the key reason behind ORDI’s optimistic outlook, considering the historic correlation between the two.
Thanks to the strong daily inflows in spot Bitcoin ETFs, the BTC price has cleared several key resistance levels and appears poised to retest its all-time high. Popular crypto analyst Nebraskangooner believes that the Bitcoin price could pump to $80,000 in the coming weeks, provided it secures a weekly close abve the $66,000 mark.
Unsurprisingly, this bodes well for ORDI and other BRC-20 tokens.
ORDI is currently trading 56% below its all-time high. However, analysts are expecting the token to cover up significant ground to end July, considering the upcoming Bitcoin Conference. Republican candidate Donald Trump is set to speak in this year’s conference and could make some major promises for Bitcoin and the crypto industry.
CEO of Satoshi Act Fund Dennis Porter believes that Bitcoin could also become a Strategic Reserve Asset.
This is decidedly bullish for BTC, and in turn for ORDI.
Could 99Bitcoins be th Next Big BRC-20 Token?
A new learn-to-earn token – 99Bitcoins (99BTC) – is quickly becoming a major play in the BRC-20 token arena.
As previously mentioned, its presale has already received north of $2.4 million in initial funding.
99BTC’s strong fundraising isn’t a surprise. 99Bitcoins has been the go-to crypto educational platform for over a decade and was laucnhed even before the Ethereum blockchain went live. The platform has close to 3 million subscribers across its website and YouTube.
These 3 million subscriber could now become token holders, considering the plethora of rewards that are up for grabs.
For instance, users can earn crypto simply by complete the platform’s learning material. Additionally, they can receive alpha trading setups, exclusive courses and access to VIP groups, simply by purchasing the 99BTC token and holding it.
Additionally, 99BTC token holders can stake their holdings and receive attractive yields, currently at an APY of over 680%. If this isn’t enough, they can register for the 99Bitcoins airdrop. 99 winners will be selected as part of this campaign and will receive over $1000 each, that too in Bitcoin.
Owing to its unique value proposition and early demand, a few smart money trader believe that 99BTC could potentially deliver nearly 10x returns after its launch.
