Key Takeaways
- ORDI peaked on March 5, 2024, but entered a downtrend afterward.
- Despite progress, Bitcoin Ordinals remain nearly 30% below their year-ago value.
- Analysts predict a potential rebound to $50 in 2025.
Overview
Bitcoin Ordinals (ORDI)—often dubbed "Bitcoin NFTs"—have gained traction, endorsed even by figures like Elon Musk. However, their popularity has driven up Bitcoin transaction fees, impacting BTC traders.
The launch of the Bioniq Ordinals marketplace in 2024 spurred ORDI to an all-time high of $96.53** in March. After a decline, signs of recovery emerged by December 2024, with ORDI trading at **$47.80 on Dec. 6.
ORDI Price Prediction for 2025
Using the wave count method, CCN’s Dec. 6, 2024, projections suggest:
| Scenario | Price Range |
|----------|------------|
| Minimum | $35 |
| Average | $40 |
| Maximum | $50 |
Analysis Highlights:
- Five-Wave Surge: ORDI completed a rally (Sept. 2023–March 2024), followed by an A-B-C correction.
- New Cycle: A fresh upward movement could target $146 (1.61x Fibonacci retracement).
- Timeline: Potential peak by May 2025, with a correction mirroring post-March 2024 trends.
👉 Explore Bitcoin Ordinals’ potential
Technical Indicators (Dec. 6, 2024)
- RSI: 64 (Bullish trend)
- ATR: 4.62 (High volatility)
- CCN Strength Index: 45.7 (Average momentum)
Short-Term Outlook:
- Bullish 24-hour forecast: Targets at $84** and **$114.
ORDI Price History & Market Data
Performance Snapshot:
| Metric | Value |
|--------|-------|
| All-Time High | $96.53 (March 5, 2024) |
| All-Time Low | $2.86 (Sept. 11, 2023) |
| Year-on-Year Change | -29.5% |
Comparative Analysis:
| Crypto | Price (Dec. 2024) | YoY Change |
|--------|-------------------|------------|
| ORDI | $47.80 | -29.5% |
| APE | $1.90 | +10.4% |
| BTC | $98,300 | +122% |
FAQs
1. How many ORDI tokens exist?
- Total supply: 21 million (fully circulating).
2. Can ORDI reach $100?
- Unlikely short-term; it has never traded at this level.
3. What is ORDI’s utility?
- Enables inscriptions on Bitcoin Satoshis, functioning as tradable digital artifacts.
👉 Learn more about Bitcoin Ordinals
Investment Considerations
- Volatility: ORDI’s price swings demand caution.
- Research: Compare with alternatives (e.g., NFTs like BLUR).
- Disclaimer: This analysis is informational—not financial advice.
Technical insights by Valdrin Tahiri.