ORDI (ORDI) Price Prediction 2023-2030: Will ORDI Price Hit $100 Soon?

• The bullish ORDI price prediction ranges from $59.814 to $63.273.
• ORDI price might also reach $78.199 in 2023.
• ORDI’s bearish market price prediction for 2023 is $1.592.

As several major crypto exchanges started to list ORDI, a BRC-20 token, it garnered the attention of diverse investors. With the massive spikes and surprising price movements, traders are now curious about the token’s future prices and the developments of this project.

If you are interested in the future of ORDI and would like to know the price analysis and price prediction of its token for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition price prediction article.

ORDI Market Overview

What are Ordinals?

According to the handbook, Ordinals theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. It was also pointed out that the satoshis play an important role and are the “atomic, native currency” of the Bitcoin network. With Ordinals theory, satoshis are imbued with numismatic value, allowing them to be collected and traded as “curios.”

To simplify the concept, the Ordinals protocols will allow users to easily inscribe arbitrary content in each individual satoshi, which will create unique “Bitcoin-native digital artifacts.” These unique assets can be stored in wallets or transferred. Furthermore, it has been highlighted that the inscriptions are “durable, immutable, secure, and decentralized as Bitcoin itself.”  

Other than the inscription feature, there are other “unusual use-cases” such as off-chain colored-coins, public key infrastructure with key rotation, and a decentralized replacement for the DNS. It was pointed out in the handbook that these use cases are still “speculative and exist only in the minds of fringe ordinal theorists.”

ORDI Current Market Status

ORDI is ranked in the 85 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of the ORDI is 21,000,000 ORDI, while its total supply is 21,000,000 ORDI. 

Moreover, ORDI is priced at $26.56, experiencing an 81.72% surge in seven days. With a market cap of $557,271,972, ORDI also witnessed a 22.49% rise in 24 hours. Moreover, ORDI is experiencing a rise in demand as the trading volume, valued at $425,132,786, experienced a spike of 30.94% in one day.

Some of the crypto exchanges for trading ORDI are currently Binance, Bybit, Gate.io, OKX, and KuCoin. 

Now, let’s dive further and discuss the price analysis of ORDI for 2023.

ORDI Price Analysis 2023

Will ORDI’s most recent improvements, additions, and modifications help its price to rise? Moreover, would the changes in the digital asset industry affect ORDI’s sentiment over time? Read more to find out about ORDI’s 2023 price analysis.

ORDI Price Analysis 2023 – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

Looking at the 4-hour chart, the candlesticks were trading in a somewhat stable market as the bands were quite narrow. However, with the sudden development of long green candlesticks, the market became highly volatile. Furthermore, the distance between the upper band and the lower band expanded, further confirming that the market’s volatility could continue to rise.

ORDI Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

The RSI is currently valued at 67.60 after residing in the overbought region for a short time. Meanwhile, in the past, the RSI confirmed that the initial green candlesticks formed in the chart were highly influenced by the large number of buyers in the market. This could be seen by RSI’s movement in the overbought region. If the RSI continues to fall, there is a high chance a bearish crossover may happen.

ORDI Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

The MACD moving upwards confirms that bullish sentiment still prevails in the market. Moreover, the green bars forming on the histogram also confirm that the market sentiment is positive. However, the distance between the MACD line and the signal line is still close and should be closely observed by the traders. If the distance between them reduces, there may be a high chance that a bearish cross will happen, signaling a bearish sentiment over the coming few days.

ORDI Price Prediction 2023

The Accumaltion/ Distribution Line also confirms that the sudden surge in the market has been caused by the huge number of purchases. The buyer’s influence seems to have pushed the token into a bullish sentiment, as indicated by the Bull vs. Bear Power. As the indicators previously mentioned indicate a bearish trend is possible, there may be a chance the sellers could take advantage of the current bullish market. If the sellers enter the market, then ORDI could fall down soon and the candlesticks could fall back to their support level. 

Meanwhile, the forecast for ORDI remains bullish and is expected to reach beyond the level of $59.814. The bearish price prediction for ORDI ranges from $1.592-$0.643. However, on the off chance that ORDI experiences an extremely bullish sentiment again, there is a high possibility that it will trade beyond the level of $78.199.

ORDI Price Prediction 2023 – Resistance and Support Level

Looking at the candlesticks, ORDI crossed several resistance levels with its recent massive surge. After conducting a thorough analysis of the sudden price surge, it has been revealed that the ORDI’s spike was caused by the sudden interest in the buyers. If the prices continue to rise, ORDI could break through several resistance levels, ultimately reaching new all-time highs in the future. 

ORDI Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. ORDI could also be affected by Bitcoin halving and could trade beyond the price of $103 by the end of 2024.

ORDI Price Prediction 2025

ORDI could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ORDI will continue to rise in 2025, forming new resistance levels. It is expected that ORDI will trade beyond the $132 level.

ORDI Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, ORDI could tumble into its support region of $129. Moreover, when ORDI remains in the oversold region, there could be a price correction soon. ORDI, by the end of 2026, could be trading beyond the $145 resistance level after experiencing the price correction.

ORDI Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. ORDI is expected to rise after its slumber in the bear season. Moreover, ORDI could even break more resistance levels as it continues to recover from the bearish run. Therefore, ORDI is expected to trade at $161 by the end of 2027.

ORDI Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be another Bitcoin halving. Like many altcoins, ORDI will continue to form new higher highs and is expected to move on an upward trajectory. Hence, ORDI would be trading at $188 after experiencing a massive surge by the end of 2028.

ORDI Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ORDI could be trading at $200 by the end of 2029.

ORDI Price Prediction 2030

After witnessing a bullish run in the market, ORDI and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, ORDI could be trading at $218.

ORDI Price Prediction 2040

The long-term forecast for ORDI indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. However, ORDI may face a slight fall before starting its upward journey once again. It is expected that the price of ORDI could reach $581 by 2040.

ORDI Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ORDI could surpass the resistance level of $731.

Conclusion

To summarize, if investors continue to show interest in ORDI and add these tokens to their portfolio, then it could continue to rise. ORDI’s bullish price prediction shows that it could pass beyond the $63.273 level in 2023. Moreover, ORDI could surpass the $731.28 level by the end of 2050. 

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