A small bounce in the Bitcoin price has resulted in substantial bullish strength in BRC-20 and BTC beta tokens.
The top BRC-20 token ORDI has rallied by nearly 12% today on Saturday, thanks to a 50% surge in its daily trading volume. It is currently trading at $33.10, with a market capitalization of just under $700 million, data from CoinMarketCap reveals.
Analysts are now giving bullish ORDI price predictions, owing to the improving broader market sentiment.
Similarly, Stacks – the top Bitcoin Layer-2 token – is up by 7% over the past 24 hours.
Even new BRC-20 tokens are in high demand. For instance, 99Bitcoins has raised nearly $2.5 million in its ongoing presale and is poised for a strong breakout after its launch. Some experts have even hinted at the possibility of 10x gains, owing to its low-cap status.
ORDI Price Prediction – How High Can It Go?
ORDI shows a strong correlation to the Bitcoin price. In fact, experts view it as a beta bet on BTC.
Unsurprisingly, ORDI has been one of the top-performing tokens over the last week, due to the ongoing recovery in Bitcoin. It has rallied by nearly 18% in the past 7 days.
Analysts believe that the token still has significant upside potential in the short term. For instance, ORDI is currently attempting to flip the $34 resistance. Experts believe that a daily or weekly close above this level paves the way for an upside move to $41 – $50.
Smart money investors are being even more bullish with their ORDI price predictions in the long term. For instance, popular crypto trader @ChainRacingClub predicts that the top BRC-20 token can peak at $280 during this bull cycle.
Unsurprisingly, ORDI’s price trajectory largely depends on Bitcoin.
Bitcoin Price Reclaims Key Support – Is $72k Next?
The German government has run out of its BTC holdings while the spot Bitcoin ETFs are continuing to see strong daily inflows. Consequently, the Bitcoin price is now trading at $58,500, above the key 200-day Exponential Moving Average.
The bulls are currently attempting to flip the 200-day Simple Moving Average, which is hovering near $59,100. A weekly close above these two crucial levels would likely result in a breakout above $60k to start the next week.
Popular crypto trader Satoshi Flipper believes that a successful breakout above the $60,000 mark could pave the way for an upside move to $72,000.
In such a scenario, BRC-20 tokens such as ORDI, Stacks and even 99BTC could potentially deliver outsized returns.
Is 99Bitcoins The Next BRC-20 Token To Explode?
The new BRC-20 token – 99Bitcoins (99BTC) – has caught the attention of smart money traders and retailers alike. It has already raised nearly $2.5 million during its ongoing presale.
The strong early demand for the token isn’t unexpected. 99Bitcoins has a strong community backing, thanks to its popular Web3 education platform which was launched in 2013, even before the Ethereum blockchain went live.
The company has nearly 3 million subscribers across its website and YouTube channel. These subscribers can now enjoy significant financial incentives and perks, simply by purchasing and holding the 99BTC token.
Indeed, 99BTC is a learn-to-earn token. Learners can earn free crypto by simply completing the platform’s educational materials. They can also unlock exclusive courses, alpha trading signals and access to VIP groups.
Additionally, the 99Bitcoins staking program offers attractive passive income. Stakers are already earning lucrative yields, currently at an APY of 700%. Finally, investors can register for the 99Bitcoins airdrop campaign. 99 lucky winners will be picked once the registration period ends, who will receive over $1000 in BTC.
As previously mentioned, smart-money traders are already bullish on 99BTC’s upside potential. Some analysts are even projecting potential 10x gains after its launch.
