Bitcoin NFTs, also known as Bitcoin ordinals offer a means to record digital content on the Bitcoin blockchain. Ordinal theory focuses on individualizing satoshis, enabling them to be tracked, transferred, and embedded with meaning. The ordinals phenomenon gained significant momentum this year starting in February 2023 and has become one of this year's most captivating trends in the market.
With this market context in mind, let's examine $ORDI, a prominent and vital project within the BRC-20 token economy, and one of the most notable gainers during this hype. Unlike many of the other memecoins in the BRC-20 space, $ORDI possesses genuine value in my opinion and here's why:
- $ORDI holds intrinsic value as a payment coin within the BRC-20 ecosystem.
- Each $ORDI token is backed by 1 satoshi.
- Similar to Bitcoin, there will only ever be a maximum of 21 million $ORDI tokens.
While the Bitcoin NFT market is still in its very infancy stages, if there's a token in a position to dominate and sustain this part of the market, my current bet would be on $ORDI which is why I have put it in the spotlight it deserves. Show Less
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