ORDI logo
ORDI
ORDI
$35.35

Sector

Bitcoin Ecosystem

Exchange Debut

2023-05-08

Market Cap

742,376,840

Maxim Supply

21,000,000

Circulating Supply

21,000,000

Circ. Supply(%)

100.00%
ORDI logo

ORDI

ORDI

Price

$35.35

Market Cap

Sector

Exchange Debut

742,376,840
2023-05-08

Volume 24h

High 24h

Low 24h

170276307
37.786315831824
33.656132677001

Change 24h

Change 7d

Change 30d

-4.8228
-5.0066
-3.9492

Maxim supply

Circulating supply

Circulating supply(%)

21,000,000
21,000,000
100.00%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the ORDI cryptocurrency:

Ordinals (ORDI), a pioneering cryptocurrency, leverages the Bitcoin blockchain’s potential through its unique ORDI protocol. This protocol enables embedding diverse data forms like text, images, sound, and video directly onto Bitcoin’s smallest unit, the satoshi. With a vast reservoir of 2.1 quadrillion satoshis, ORDI innovatively expands into realms like NFTs and tokens, marking a significant stride in blockchain utility. However, despite its technological promise, the fundamental analysis of the ORDI cryptocurrency reveals a mixed performance across various domains, culminating in an overall score of 6.28 out of 10.

SOCIAL & MASS MEDIA: Score 8.60 out of 10

ORDI’s robust presence in social and media channels is a standout feature. It scored exceptionally high in attracting and engaging followers on social media, with perfect scores in community activity and media presence. However, its lower score in chat group sizes suggests room for improvement in cultivating a more extensive, engaged community.

AUDIT & SECURITY: Score 2.25 out of 10

The fundamental analysis of the ORDI cryptocurrency shows a concerning aspect in its audit and security. With low transparency and alarmingly poor audit results, this area is a significant drawback. Despite a high score in liquidity, these security concerns could be a red flag for potential investors.

TOKENOMICS: Score 9.80 out of 10

ORDI shines in its token economy. Its inflationary control and decentralized monetary mass distribution are exemplary, indicating a well-thought-out approach to sustaining its value over time.

ECOSYSTEM DEVELOPMENT: Score 5.20 out of 10

Ecosystem development is moderate, with ORDI meeting some objectives and planning new developments. However, there’s a notable need for more impactful progress to fully realize its potential.

TEAM & DEVELOPERS: Score 4.80 out of 10

The team behind ORDI, despite having a strong contingent of software developers, falls short in experience. This imbalance could impact the project’s future growth and innovation capacity.

PRODUCT & UTILITY: Score 6.60 out of 10

ORDI’s product utility is above average, with its tokens playing a meaningful role within its ecosystem. Nevertheless, there’s still potential for enhancing the overall usefulness of its products.

PARTNERS & INVESTORS: Score 4.50 out of 10

The project’s partnerships and investor base are areas of concern. While there are some quality partnerships, the limited number and capacity of investors could affect its long-term sustainability and growth.

Fundamental analysis of the ORDI cryptocurrency – The final conclusion

The fundamental analysis of the ORDI cryptocurrency reveals a project of contrasts. Its innovative use of the Bitcoin blockchain and strong tokenomics are weighed down by significant concerns in security, team experience, and investor engagement. Given these findings, investors should approach with caution, recognizing both the project’s potential and its notable risks. While ORDI has a solid technological foundation, its success hinges on addressing these critical areas to enhance trust, security, and overall ecosystem health. The investment opportunity, thus, presents a balanced mix of potential rewards and risks.

What is ORDI?

 

Overview of ORDI Cryptocurrency

Ordinals (ORDI) is a cryptocurrency leveraging the Bitcoin blockchain to offer unique functionalities. It enables the inscription of diverse data, including text, images, sound, and video, onto Bitcoin’s smallest unit, the satoshi. With Bitcoin’s massive supply of 2.1 quadrillion satoshis, ORDI introduces innovative applications, particularly in the realms of Non-Fungible Tokens (NFTs) and digital tokens.

Advantages and Use Cases

The ORDI Coin stands out for its ability to create new use cases within the Bitcoin protocol. It harnesses the potential of satoshis to embed various types of information, transforming them into NFTs and tokens. This innovative approach has garnered significant interest in the cryptocurrency community, highlighting ORDI’s potential as a distinctive and promising digital asset.

Challenges and Market Volatility

Despite its innovative nature, ORDI faces notable challenges. The cryptocurrency market’s inherent volatility poses a risk, especially for a new entrant like ORDI. Achieving sufficient liquidity and establishing robust infrastructure support are crucial hurdles. Additionally, ORDI must navigate a competitive landscape filled with similar projects and adhere to evolving regulatory and legal standards.

Fundamental analysis of the ORDI cryptocurrency

ORDI-ORDI performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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SCORE: 5.23
RATING: Average