Bitcoin-themed ORDI token rises 600% to reach $50. Bitcoin Alternatives Will Explode Next

The Ordinals (ORDI) token, used to pay fees and incentivize participation on the Ordinals protocol platform, has surged 600% in price over the past month.

ORDI is currently trading just below the $50 level, making it one of the most popular cryptocurrencies on CoinMarketCap.

In this article, we will examine ORDI’s recent performance and speculate on whether other Bitcoin-linked cryptocurrencies could soon see similar gains.

ORDI Frenzy – Key Catalyst for Token’s 600% Surge

ORDI has been in the spotlight since early November for several reasons.

First, the token has recently been listed on major exchanges such as Binance, KuCoin, and Gate.io, greatly increasing its visibility and accessibility to investors.

In particular, with the listing on Binance, new trading volume has surged, with spot trading volume now exceeding $1 billion per day.

Additionally, there is growing hype around ORDI’s unique value proposition of allowing developers to build NFTs directly on the Bitcoin network.

This has attracted significant attention as more investors look to tap into the potential of Bitcoin-based NFTs.

More broadly, the overall cryptocurrency market has rebounded over the past two months, with most major coins rising.

Bitcoin itself is currently trading above $42,000, which has indirectly influenced the buzz around ORDI.

These interconnected factors of increased visibility, market conditions, and trading volume helped fuel ORDI’s 600% rise.

The token was covered by popular YouTuber Chico Crypto, who speculated that “early adopters will make millions.”

Which Bitcoin Alternative Could Explode?

With ORDI’s massive price surge proving the potential of Bitcoin-themed altcoins, investors are now looking for the next cryptocurrency asset that could follow in BTC’s footsteps.

In this section, we analyze two Bitcoin-linked tokens that may be on the verge of a breakthrough of their own.

The Bitcoin ETF token aims to be the next-generation altcoin with unique deflationary token economics.

One of the most interesting and emerging Bitcoin alternatives is the Bitcoin ETF Token (BTCETF).

This ERC-20 token is designed to capitalize on the highly anticipated approval and launch of the SEC-regulated spot BTC ETF.

The main innovation of the Bitcoin ETF token is its deflationary token economics, which leads directly to identifying BTC ETF milestones.

Whenever a new spot BTC ETF is approved or launched, 5% of the total supply of BTCETF is burned.

This creates an inherent scarcity that can cause token prices to skyrocket as demand also increases.

Additionally, BTCETF implements a method of gradually lowering transaction taxes in line with ETF milestones.

Starting at 5%, this tax is reduced by 1% each time an ETF milestone is reached (e.g., when the SEC officially provides approval to the applicant).

Between deflation losses and transaction taxes, holding BTCETF for the long term provides a huge incentive for investors.

The project also offers staking rewards currently reaching 99% per annum.

Over $2.6 million was raised through the pre-sale of Bitcoin ETF tokens, with the BTCETF token being offered at $0.0062 at this stage.

According to the Bitcoin ETF Token whitepaper, the developers plan to launch the token on exchanges such as Uniswap once the pre-sale is over.

With the right ETF catalyst, BTCETF could become a viable Bitcoin alternative for those seeking high-risk, high-reward opportunities.

Interested investors can purchase BTCETF tokens at btcetftoken.com.

Bitcoin Minetrix seeks to revolutionize the cryptocurrency mining sector with its Stake-to-Mine feature.

Another emerging Bitcoin-style token with tremendous upside potential is Bitcoin Minetrix (BTCMTX).

The project aims to revolutionize cryptocurrency mining through its innovative Stake-to-Mine model.

Holders can earn “mining credits” by staking BTCMTX tokens, which provide access to BTC cloud mining power.

This groundbreaking setup brings Bitcoin mining to a much wider audience by eliminating the need for expensive ASIC hardware.

With the cloud mining sector expected to grow exponentially, being able to stake tokens for mining credits could be a profitable approach.

In addition to Stake-to-Mine, BTCMTX staking offers a 123% APY return, providing token holders with another source of income.

As a simplified gateway to mining and a high-yield staking coin, BTCMTX checks two boxes that could fuel a rapid price surge once the token hits the market.

Bitcoin Minetrix is ​​still in the pre-sale phase, but has raised over $4.8 million, demonstrating strong investor demand.

Investors are also visiting Bitcoin Minetrix’s Telegram channel to learn more about the development team’s plans, which include a custom Stake-to-Mine mobile app.

Those interested in the pre-sale can purchase BTCMTX tokens for $0.012 at bitcoinminetrix.com.