Analysts name the cryptocurrency that grew by more than 300% in a month

Editor’s note: not financial advice!

Cryptocurrency analysts have been paying attention to the Ordi token (ORDI), which became the first fungible digital asset based on bitcoin to enter the top 100 cryptocurrencies by market capitalization. The growth of ORDI took place in a controversial environment, where critics pointed to the lack of real value and called the token a completely speculative asset.

In addition, the increased demand for ORDI and other BRC-20 tokens has also been blamed for the fact that bitcoin fees have skyrocketed in recent weeks. This feature has attracted the attention of leading cryptocurrency industry services such as Binance. Earlier this month, the largest trading platform included ORDI in the list of its first BTC-based tokens available for trading.

At the time of writing, ORDI is trading at $ 22.93, which is 371% of its 30-day accumulated gain. Over the past day, ORDI managed to grow by 12.9%, while falling by 14.3% for the week. The market capitalization of ORDI is $ 481 million, and the daily trading volume is $ 173 million.

It is worth noting that a few days ago, the average commission on the flagship crypto asset’s blockchain surpassed the corresponding indicator on the Ethereum network. At the time, digital asset industry analysts noted that this happened amid renewed interest in Ordinals among crypto investors.