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Polygon Gas Fees Spike 1000% Amid Ordinals-inspired Token Craze
Crypto News News

Polygon Gas Fees Explode 1000% to $0.10 Amid Frenzy for Ordinals-Inspired POLS Token

Hold onto your MATIC! Things got a little wild on the Polygon network recently. If you’re in the crypto space, you know gas.

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ORDI surged 48% after crypto exchange Binance said that it will list the token soon today. Binance intends to offer Ordinals, or ORDI, with new spot trading pairs set to be available at 10 a.m. UTC on Nov. 7.. Binance announced today that it would begin offering spot trade pairings — ORDI/BTC, ORDI/USDT, and ORDI/TRY — with withdrawals for ORDI beginning at 6:30 a.m. UTC on Nov. 8. ORDI will also be added as a new borrowable asset, with the new margin pair ORDI/USDT on Isolated Margin. According to Coinstats data, the price of ORDI has risen 48% in the last 24 hours to trade at $11.7, a new high since May, following the Binance listing news. Following the Binance announcement, the price of ORDI skyrocketed. CoinGecko is the source. The anticipated IPO of ORDI follows the August introduction of Binance Pool's Ordinals Inscription Service, which makes it easier for users to inscribe extra data onto the Bitcoin blockchain. Earlier this year, the Ordinals protocol, which allows the development of BRC-20 tokens and NFTs on Bitcoin, gained traction. In the listing announcement, Binance cautioned that ORDI is a "relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility." The exchange stated that it will attach a "Seed Tag" to the ORDI coin, which indicates projects that may display higher volatility and hazards when compared to other projects. According to the announcement, users would have to pass the related quizzes every 90 days on the Binance Spot or Binance Margin platforms to obtain such seed tag tokens. Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Crypto News News

ORDI Price Surges 48% as Binance Announces Listing

The crypto world is buzzing! Ordinals (ORDI) just experienced a massive surge, and the reason is huge: Binance, one of the leading crypto.

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btc ordinal and ins
Crypto News

Bitcoin Ordinals, Inscriptions, and Miner Revenue: Navigating the Halving Hurdle

The world of Bitcoin has witnessed a fascinating twist this year – the rise of Ordinals and inscriptions. These novel additions have injected.

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btc network 1
Crypto News

Bitcoin’s BRC-20 Boom: Is Network Congestion the Price of Innovation?

Hold onto your hats, crypto enthusiasts! Bitcoin, the king of cryptocurrencies, is experiencing a surge of activity unlike anything we’ve seen in a.

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Bitcoin Ordinals creator proposes to change inscription numbering system
Crypto News

Bitcoin Ordinals to Shake Up Inscription Numbers: A Bold Move or Collector Concern?

Hold onto your hats, Bitcoin Ordinals enthusiasts! The creator of this groundbreaking protocol, Casey Rodarmor, has just dropped a proposal that could redefine.

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bitcoin ordinal 1
Crypto News

Bitcoin Ordinals: Still the King of Network Activity Despite Price Fluctuations

Hold onto your hats, crypto enthusiasts! While Bitcoin’s price might be doing a bit of a dance lately, something fascinating is happening under.

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Ordinals Summit 2023
Events

Ordinals Summit 2023 in Singapore set to be Asia’s first large-scale Bitcoin Ordinals event

The inaugural summit will be Asia’s first-ever Bitcoin Ordinals event of its scale, and is expected to be the largest of its kind.

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btc ordinals 2
Crypto News

Bitcoin Blazes Past 10 Million Ordinals Inscriptions: A New Era Begins

Hold onto your hats, crypto enthusiasts! Bitcoin’s blockchain just hit a major milestone – over 10 million inscriptions have been etched onto its.

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Crypto hater Peter Schiff
Crypto News

Bitcoin Skeptic Peter Schiff Launches NFT Collection: Has the Gold Bug Caught the Crypto Bug?

Hold on to your hats, crypto enthusiasts! In a move that’s got the entire digital asset world buzzing, none other than Peter Schiff,.

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Ethereum Developers Gateway
Crypto News

When Blockchains Collide: Ethereum Developers Fuel Bitcoin’s Ordinals Revolution at Bitcoin 2023

Imagine a Bitcoin conference buzzing with a surprising twist: Ethereum developers deeply engaged with Bitcoin’s latest sensation – Ordinals. That’s exactly what happened.

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