As the crypto market heats up, investors are dialing up their risk tolerances and opting for narratives with significant upside potential.
As such, the Bitcoin ecosystem is thriving, with tokens like Ordi, Toncoin, and 99Bitcoins seeing substantial growth.
Frontrunners Ordi and Toncoin Explode as Analysts Predict Further Gains Ahead
Spearheading the recent Bitcoin ecosystem rally are Ordi and Toncoin, two pioneering cryptocurrencies in their own right.
Ordi, the first BRC20 token and an inscription service that allows data like text, images, audio, and video to be stored directly on Bitcoin blocks, has soared 14% today.
This has vastly outpaced the crypto market average, with the industry’s total market cap up by 4%.
ORDI is currently priced at $39.81 and remains down 6% this week and 31% this month. It holds a $836 million market cap and a $202 million 24-hour trading volume.
TradingView analyst Pinkzigzag noted that Ordi has found support in the zone around $40 and anticipates a bounce to the upside in the coming weeks.
“Ordi has had a fantastic run since November. After reaching nearly $100, it began ranging from $40 to $80,” he wrote.
Moving to Toncoin, this is a Telegram-native layer 1 blockchain with ties to the Bitcoin network through Hot Protocol, a self-custody wallet with integrated chain abstraction. Hot Protocol enables Toncoin users to interact with networks like Bitcoin from the Telegram application.
Currently, Toncoin is trading at $5.47, up 11.2% today, 2.3% this week, and 8.5% this month.
It holds a $19 billion market cap and a $284 million 24-hour trading volume, up 41% today.
Analyst Annatradecharts on TradingView anticipates that Toncoin’s momentum will soon catapult it toward $7.
The analyst highlighted that Toncoin formed a “bullish wedge pattern,” which has now broken out to the upside.
“TON is forming a bullish falling wedge pattern in the 4-hour time frame and is also on the major support level. Soon, we will see a bullish move of 45-50%.”
While both projects are enjoying notable gains today, analysts are also hailing the emerging BRC20 cryptocurrency 99Bitcoins token, which is currently undergoing a monumentally successful presale.
New BRC20 Token 99Bitcoins Tipped to 10X as it Surges Toward $1M on Presale
It is not every day that a leading industry player releases its own cryptocurrency, but that is what’s happened with the new 99Bitcoins token.
Launched in tandem with a novel Learn-to-Earn platform, which rewards users for learning about cryptocurrency, $99BTC has seen immense success since its inception.
It is currently priced at $0.00103, but this is set to rise throughout the campaign. The next uptick will occur in three days or when the total raise hits $1.7 million.
The presale has raised almost $1 million so far, fueled by excitement about the platform’s unparalleled track record and the token’s inherent utility benefits.
99Bitcoins launched in 2013 and is now a leading crypto media news website. It also boasts an extended network of 700K YouTube and 2.8 million email subscribers.
In addition to granting access to the new Learn-to-Earn platform, the 99Bitcoins token provides BRC20 tools and education, crypto trading signals, a VIP community group, and staking rewards.
Currently, stakers can garner a whopping 1,800% APY, but this will decrease as the staking pool grows.
Adding to the excitement, analysts are bullish on the project, with Jacob Bury recently predicting it could 10x after launching on exchanges.
