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From the fall of peer-to-peer networks to the dangers of blind optimism, this guide explores how Bitcoin could face existential threats unless we change course. Overconfidence and arrogance could be Bitcoin's biggest threats. From "The Halving Issue".
Since the start of the drop in March, Ordi has lost more than 70% of its value to a ten-month low. Although it has regained strength briefly from this low, it has continued to trade inside a descending wedge. After nearly touching $100 in the first quarter of the year, […]
Users can choose to complete quest-like directives to receive Airheads or outright purchase the inscribed art through a Whale Pass.
Bioniq CEO Bob Bodily talks about Ordinals and the need for covenants on the Bitcoin network at Bitcoin 2024.
Ordinals are a relatively novel innovation within the crypto space, but ORDI, the cryptocurrency with the Ordinals namesake, is within the grasp of the bears. According to the latest market data provided by CoinCodex, the token is down nearly 5% within the last 24 hours despite Bitcoin making an 11% gain within the past week. Related Reading: Here Are 5 Reasons To Be Bullish On Bitcoin, Analyst Says Up And Down The Rabbit Hole Even though the market seems bullish for Bitcoin and the market as a whole, Ordinals seem to go against the grain. Analysts are hopeful that ORDI is on the path to a potential bullish breakthrough, however, this seems unlikely. Although BRC-20 standard tokens are following the general market trend, ORDI in itself is bland, offering no other utility, unlike others within the same category. But its utility in bringing NFTs to the Bitcoin blockchain might provide some value to the mix. A recent State of the Union-esque done at Christies Art and Tech Summit showed that the NFT markets relationship with the traditional art world is in a transitional stage. “We know that there is a provenance verification opportunity here. We all know it and we all know that the art world is resisting it because it suggests transparency, which we say we want but we don’t really want,” Pace Gallery CEO Marc Glimcher said at the event. If Bitcoin Ordinals keeps attracting developers to its niche, further expanding the codebase on Github, there might be a chance that an increase in development for the open-source platform will lead to overall higher adoption of the BRC-20 standard that will increase investor confidence towards the asset. $50 ORDI Closer Than Expected? Despite volatility being a double-edged sword for the most part, ORDI bulls are in a great position to push the token to its limits; At the time of writing, ORDI sustained a solid 26% rally in the weekly frame. And at $41.33, the price offers little resistance to the overall positive mood of the market, which might lead to a bullish takeover within the next couple of days. ORDI price up in the weekly frame. Source: Coingecko Related Reading: AVAX Brushes Off Bearish Pressure With 11% Rally Details Once this occurs, ORDI has a higher chance of meeting the $50 mark within the next few weeks. But the high volatility also means that this move of accumulation will be a gamble for investors and traders as more and more analysts eye a bigger breakthrough in the long run. This scenario is highly dependent on the general market upswings that might or might not occur these next few weeks. Investors and traders should monitor the market and look for other opportunities before considering a runback to ORDI. Featured image from Pexels, chart from TradingView
Germanys Bitcoin stack briefly dipped below 5,000 BTC after a large amount of funds was sent to Coinbase, Bitstamp and Kraken, but it has since moved some back.
Explore the growth of Bitcoin-based NFTs, Ordinals and Runes, in market cap and user adoption. (Read More)
A walk through how the scenario would evolve if anti-Ordinals Bitcoiners make a serious push to attempt to stop Ordinals and Inscriptions on Bitcoin.
Bitcoin holds the top four spot in all-time NFT sales volume, following Ethereum, Solana and Ronin.
Check out the following projects, you may not know, are actually being built on top of Bitcoin.
Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate.
Runes-related transactions could extend a significant revenue boost for Bitcoin miners after the 2024 halving.
Ordinals have ignited a surge of innovation in Bitcoins Layer 2 ecosystem. (Read More)
As a neutral observer from Bitcoin Magazine, I address the misconceptions and dismissive attitudes towards Ordinals in the Bitcoin community, revealing the overlooked complexities and potential within what I term 'Ordinal Derangement Syndrome' (ODS).
The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.
Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi.
USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable?
Runes recovered to account for the lions share of transactions on the Bitcoin network.
How the rise of ordinals are changing the use and economics of Bitcoin blockspace. From "The Inscription Issue."
Ordinals, Stamps, and Counterparty. The history of NFTs on Bitcoin is not something new, in fact it is a very old story. From "The Inscription Issue."
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