ORDI (ORDI) Price Prediction 2024-2030: Will ORDI Price Hit $100 Soon?

• Though ORDI might decrease below $35, its price prediction by the end of 2024 could be $87.35.
• The price of ORDI might drop to $84.35 and $70 respectively in 2026 and 2027.
• Increasing money flow could send ORDI’s price as high as $272 in 2030.

A few years ago, no one would have imagined that tokens would be created on the Bitcoin network. But in 2023, everything changed through the introduction of Bitcoin Ordinals. Although the protocol started with a focus on non-fungible assets, it has, however, improved as ORDI was one of the first fungible tokens that was minted.

As of this writing, the ORDI community is its major backing with little to no use case. Regardless, some market participants are bullish on the cryptocurrency. Therefore, this article analyzes the price potential and predictions from 2024 to 2030.

ORDI (ORDI) Real Time Market Status

What is ORDI?

ORDI is a BRC-20 token built on the Bitcoin (BTC) blockchain. For those unfamiliar, BRC-20 is the fungible part of Bitcoin Ordinals launched in the first quarter of 2023. But first, you must understand what Bitcoin Ordinals are.

Bitcoin Ordinals are also called Bitcoin NFTs, which means that they are non-fungible assets on the blockchain. The function of these ordinals is they allow the inscription of data such as text, images, videos, and audio to be inscribed in satoshis (smallest unit of Bitcoin) while using the blockchain to store the data.

Therefore, ORDI is a derivative product developed from the BRC-20 token standard. For context, BRC-20 is similar to the Ethereum ERC-20 token standard which allows for the seamless creation of the tokens. Currently, ORDI does not have any solid use case. As such, many refer to it as a memecoin built on Bitcoin.

ORDI Current Market Status

ORDI’s price as of this writing was $42.21. On a Year-To-Date (YTD) basis, this was a 42.21% decrease. Despite performing well in 2023, the token has struggled for most of 2024. Furthermore, ORDI’s trading volume was $155.89 million as of this writing.

While the volume increased, the price action indicated that most of it was about selling rather than accumulation. Therefore, the price of the token could risk falling below $40 in the short term.

Previously, ORDI was able to hit $1 billion in market cap. But at the time of writing, that has fallen to $878.54 million, However, the project has similarities to Bitcoin when it comes to its tokenomics. 

For instance, Bitcoin’s maximum, total, and circulating supply is 21 million coins. It is the same with ORDI. If you intend to buy ORDI, you can visit  Bitget, Binance, Bybit, OKX KuCoin, Bitrue, Crypto.com, and some other exchanges.

ORDI (ORDI) Price Analysis

ORDI’s price prediction might depend on many factors. Apart from its links with BTC, the token might need to experience more adoption for it to have a good performance. Failure to do that could leave the price plunging. 

However, one also has to look at the potential from a technical angle. That is why Coin Edition dedicated this section to look at its price prediction from 2024 to 2030.

ORDI (ORDI) Price Analysis – Bollinger Bands

Contrary to the kind of volatility it exhibited days ago, the Bollinger Bands (BB) on the 4-hour ORDI/USD chart contracted. This contraction implies the volatility around the token has become low. As such price fluctuations might be minimal.

In addition, the upper band of the BB touched ORDI’s price at $42.59, indicating that the token was overbought. Therefore, the next move for ORDI could be a decline to $39.45.

ORDI (ORDI) Price Analysis – Relative Strength Index (RSI)

As of this writing, the Relative Strength Index (RSI) was 53.02. This reading was a decrease from the point the indicator was a few days ago. Since the RSI indicates momentum, the decline means that the market structure for ORDI was no longer bullish.

Therefore, the price of the token might not be able to recover toward $50 in the short term. Instead, the value could drop as low as the $36.91 support.

ORDI (ORDI) Price Analysis – Moving Average Convergence Divergence

The Moving Average Convergence Divergence (MACD) showed that ORDI was at a crucial spot that could make or mar the token. At press time, the MACD reading was postive and was supposed to indicate an increasing upward momentum.

However, that might not be the case due to the positions of the 12 EMA (blue) and 26 EMA (orange). A look at the chart below showed that the EMAs were around the same spot, indicating that buyers and sellers were struggling for dominance. 

A breakout of the 12 over the 26 EMA could put ORDI on a good bullish path. On the other hand, the price might decline if the longer EMA outpaces the token.

ORDI (ORDI) Price Prediction 2024

To predict ORDI’s price in 2024, Coin Edition looked at the Exponential Moving Averages (EMAs). But this time, it was focused on the mid to long-term. As of this writing, the 100 EMA (yellow) had crossed over the 50 EMA (blue).

This is a bearish trend for the mid-term. Therefore, this position could cause ORDI’s price to experience a decline, and a target of $34.53 could be plausible. However, a recovery could be in the works once sellers get exhausted. 

If this is the case, the price of ORDI might rebound, and an increase to $87.35 might be the feasible target for the token.

ORDI (ORDI) Price Prediction – Resistance and Support Levels 

A key support zone for ORDI  was at $36.45 as bulls have been able to defend this region for some time. However, if selling pressure causes bears to breach this region, ORDI’s price might capitulate. 

On the other hand, resistance was at $39.73 but the price had risen past the zone while aiming for new highs. However, in the bid to hit higher highs, ORDI might encounter a stumbling block at $43.80.  A successful break above this level could send ORDI rising to $50. However, another rejection could drop to $35.

ORDI (ORDI) Price Prediction 2025

In 2025, the market cap of ORDI is expected to hit $3 billion. This is because Bitcoin could exceed its current all-time high, and tokens associated with the cryptocurrency might hit new highs. Furthermore, activity on the Bitcoin Ordinals protocol might also contribute to the hike. Hence, the price prediction for ORDI in 2025 is $138.

ORDI (ORDI) Price Prediction 2026

ORDI’s price might attempt to build on the increase from the previous year in 2026. However, the token might face some challenges with that. Some of the hurdles could include decreasing liquidity and the transition into the bear market. As such, ORDI’s price could decrease to $84.35 in 2026.

ORDI (ORDI) Price Prediction 2027

By 2027, developments around Bitcoin Ordinals might slow down, and this could affect ORDI’s price in a bad way. Going by the correlation of high active addresses on Ordinals and the token’s price, the value could decrease to $70 in 2027.

ORDI (ORDI) Price Prediction 2028

One thing that can help ORDI in 2028 is the Bitcoin halving. The event, which happens, every four years, is known to trigger a good price increase for the coin. With ORDI now in the picture, it could also benefit. As such, ORDI could trade at $165 in 2028.

ORDI (ORDI) Price Prediction 2029

The bull market mostly lasts for a year and a half or more. As a result, the price of ORDI could continue to rally in 2029. From all indications, the value of the token might hit $200 in 2028.

ORDI (ORDI) Price Prediction 2030

While ORDI might face an intense correction in 2030, it is expected to end the year in respite. As such, the value of the token could trade higher than 2029’s high. By the look of things, ORDI could change hands at $272 in 2030.

ORDI (ORDI) Price Prediction 2040

2040 could be a crucial year for ORDI to remain relevant in the crypto ecosystem. This is because new projects are expected to spring up with market participants chasing the next shiny things. However, the token might be able to withstand the test of time, bringing the price prediction to $337 in 2040.

ORDI (ORDI) Price Prediction 2050

The price prediction for ORDI in 2050 could be impressive. While there might be ups and downs, the average price could be higher than the maximum price of 2040. At maximum, the price of ORDI could be $516.80

Conclusion

Finally, it is important to remember that ORDI does not have the same fundamentals as Bitcoin despite the connection to the network. As such, the price of the token might fail to move in the same direction as BTC at some point. 

But this does not mean that ORDI would exit into oblivion. However, you should do your research and watch out for necessary metrics before committing any money to buying ORDI.

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