Coinbase to list BRC-20 token ORDI and Worldcoin perpetual futures
Coinbase's institutional client-facing arm has announced that it will list perpetual futures contracts for Ordinals and Worldcoin as soon as April 11.
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Coinbase's institutional client-facing arm has announced that it will list perpetual futures contracts for Ordinals and Worldcoin as soon as April 11.
Last week, a predominantly bullish trend occurred among the sector's top cryptocurrencies, including BTC, SHIB and ORDI.
ORDI has bounced above a key resistance line while Bitcoin Cash (BCH) surged this week to reach new highs above $600. Elsewhere in the market, attention remains on BRC-20 project Bitcoin Dogs (0DOG) as the latest update on what's next buoys community.
With the Bitcoin price at $70,000, as it concludes the pullback phase, the altcoins are back in the top gainers. Amongst the altcoins, the ORDI price trend shows a promising setup for a bullish comeback in the near future.
With the Bitcoin price crashing back under the $62,000 mark, the altcoins are falling quickly and ready to test crucial support zones. Amidst this correction, smart money finds great entry opportunities to capitalize on the pullback.
The Bitcoin halving, scheduled for April 2024, is stirring the cryptocurrency market, pushing Bitcoin's value upward. Amidst this anticipation, Ethereum (ETH), Shiba Inu (SHIB), Toncoin (TON), and ORDI emerge as lucrative opportunities.
The cryptocurrency market is abuzz with anticipation as Ethereum's Dencun upgrade approaches, slated for March 13. This upgrade promises better usability, security, and fast transactions, potentially sparking a new altcoin season.
Binance Futures is set to introduce the USDC-margined ORDI Perpetual Contract. Scheduled for launch on February 22, 2024, at 07:00 (UTC), this addition aims to elevate the trading experience for ORDI enthusiasts.
The ORDI BRC-20 Perpetual Contracts will operate in the Multi-Asset Mode. This mode allows investors to trade the futures contracts across multiple margin crypto assets.
TL;DR Binance launches a new ORDI Perpetual Contract on its futures platform, offering up to 75x leverage and USDT settlement. The contract is a strategic bet on the BRC-20 futures market and provides features like round-the-clock trading and a Multi-Assets Mode.
Binance, one of the leading cryptocurrency exchanges, has announced the forthcoming listing of the ORDI perpetual contract on its Futures platform. Scheduled to debut on February 22, 07:00 (UTC), the ORDI perpetual contract will be USDC-margined, offering traders up to 75x leverage.
Binance Futures announced that they will introduce a USDC-margined ORDI perpetual contract on February 22nd at 07:00 UTC. Traders will have the opportunity to utilize leverage of up to 75x.
Cryptocurrency exchange Binance announced the listing of the ORDI perpetual contract. According to a post on Binance Futures, the platform will launch a USDC-margined ORDI perpetual contract on Feb. 22, 07:00 (UTC), with up to 75x leverage.
Both STX and ORDI have ties to Bitcoin, with STX being a layer two (L2) on the Bitcoin network and ORDI being the top BRC-20 token. This connection often leads to price movements in line with Bitcoin's performance.
The BRC-20 tokens have displayed significant price volatility in their respective values briefly, indicating a mixed sentiment in the crypto space. Further, after trading sideways for about a week, top tokens have recorded a significant upswing, highlighting an increase in the bullish influence within the market.
ORDI price continued pumping on Tuesday as the crypto rally gained steam. The token surged to a high of $70, its highest point since January 24th. It has risen by more than 43% from its lowest point this year and is now approaching its all-time high of $92.08.
Crypto Price Predictions: The crypto market recovery is on aggressive momentum with the leading digital asset Bitcoin pushing through $50000 for the first time in 2 years. The altcoin market has not fallen behind as Ethereum, Solana, Cardano, and Avalanche have shown a +5% surge in the last 24 hours.
The native token of the Ordinals protocol, ORDI, has emerged as the top gainer among the leading 100 cryptocurrencies while a key indicator suggests high volatility for the asset.
Following the quick reversal from the peak at $83, the ORDI price trend finds a solid footing at the support confluence of $50. With a turnaround story in just a few weeks, the altcoins restart the prevailing uptrend and conclude the pullback phase.
In January 2024, Ordinals (ORDI), a BRC20 token, witnessed a sharp correction, with its price falling from $91.8 to $48.3. This 48.8% decline breaks below the 20-and-50-day EMA and nearly tests 50% Fibonacci retracement.
At the time of writing, ORDI is experiencing a substantial increase in price after several events in the crypto world unraveled. Coingecko data reveals that ORDI is up nearly 12% in the past 24 hours.
Inscription tokens ORDI and SATS have underperformed the broader crypto market so far in 2024 and are still showing potential for further downside.
The BRC-20 tokens displayed a notable run during the last month, as major tokens from the category recorded massive gains in their respective portfolios. Since the start of 2024, the ORDI and SATS prices have displayed a neutral trend, suggesting a rise in the disinterest of investors in this category.
Inspired by Casey Rodarmor's Ordinals Protocol, the ORDI token dropped by over 14% on Jan. 23 to a new monthly low as Bitcoin backtracked to $39,000.