1/$ORDI has been very popular recently. This is the first brc-20 project on the Bitcoin Ordinals protocol. The market value has exceeded $19M, and the weekly increase has exceeded 700%. While there's no Utility yet, that could mean higher ceilings. We analyze $ORDI as a Meme token. In the short term, it will be 2-4 times, 20-40 times in the medium term, and 200-400 times in the long term.
2/ Compared with the popular meme coins $AIDOGE ($50M) and $PEPE ($90M) on the market recently, $ORDI has a better advantage: a total of 21 million free Mints are distributed fairly, and there is no team reservation and investment Institutions, the chips are more dispersed, and the narrative is more novel.
3/ Since $ORDI can only be traded through OTC at present, the inflow of new funds is affected. It is expected that after the opening of the on-chain trading market (such as UniSat Marketplace) in the next few days, the market value of $ORDI will exceed $AIDOGE, reaching more than $50M, and the launch of CEX in the future will further reduce the transaction threshold, and the market value will reach about $100M, so the short-term space probably has 2-4 times.
4/ The mid-term valuation is also worth looking forward to. The animal coins $FLOKI ($360M) and $BABYDOGE ($450M) in the last round of bull market maintained a high market value relying on community and Liquidity, while $ORDI is a representative project of BTC new narrative , It is very hopeful to get funds and attention in the next round of bull market, and the return will reach 20-40 times.
5/ More importantly, if the Bitcoin ecology is greatly developed and various infrastructures are continuously improved, $ORDI will become one of the projects that benefit the most, and have the opportunity to challenge the king of Meme $ SHIB($6.1B) and $ Doge( $11.2B), the return will reach 200-400 times.
6/ No matter from which point of view, $ORDI is extremely underestimated
Huge pump!
