- Ordinals (ORDI) price spiked more than 45% on November 7 as Binance announced trading support for the token.
- The short term outlook could be one where Ordinals price rises in tandem with bitcoin price.
- Meanwhile, Memeinator (MMTR), a new AI meme coin, is attracting huge interest after Binance’s recent listing of Memecoin (MEME) sparked interest in these tokens.
Ordinals (ORDI) price was skyrocketing on Tuesday morning as the market’s interest in BTC inscriptions rose sharply. The spike follows news that Binance, the world’s largest crypto exchange by trading volume, will add trading support for ORDI.
ORDI price rose to a high of $28.62 in May as the frenzy around bitcoin inscriptions pushed transaction fees higher as network congestion impacted Bitcoin.
What does listing on Binance mean for Ordinals price and what is it likely to mean for new projects like Memeinator (MMTR)?
Binance to list Ordinals (ORDI)
Binance has announced that it will list the Ordinals (ORDI) token and open trading for ORDI/BTC, ORDI/USDT and ORDI/TRY spot pairs at 10:00 (UTC) on November 7. The announcement has seen the price of ORDI surge by more than 45% in the past 24 hours.
Cumulatively, ORDI price gains are currently more than 217% over the last 30 days.
Ordinal inscriptions are digital assets representations on a satoshi, with unique information forever stored on the Bitcoin network. These inclusion of text, images, audio or video on satoshis bring NFTs to Bitcoin.
Data shows there have been over 38 million ordinal inscriptions so far, and demand for these appears to be getting fresh impetus from the potential rally for crypto.
What is Memeinator?
Memeinator is a new meme coin project that seeks to dominate this market segment by seeking out and destroying all weak meme tokens. Its strategy is to combine powerful marketing and innovative product launches with real value utility.
The Memeinator network will be powered by the MMTR token, which will bring the benefit of staking, NFTs and gaming – the latter in the form of an action game – to holders.
At the heart of the project is the integration of AI with blockchain technology. AI not only aligns Memeinator with a powerful narrative, but also offers the project an edge over would-be competitors.
(More details about how the Memeinator works can be found on the official presale page.)