Cryptocurrency Ordinals (ORDI) Surges Almost 8 Times in Value in 1 Month

The cryptocurrency market has recently seen an unprecedented surge in the value of specific altcoins, marking the beginning of what experts term the altcoin season. Among the top 100 cryptocurrencies by market capitalization, a striking 10 have soared by at least 2 times or more within a 30-day period. Topping this impressive list is Ordinals (ORDI), a digital currency that has surged by a staggering 677% in the past month.

Ordinals (ORDI) has captured the spotlight by escalating in value at an astonishing rate, allowing investors to acquire this virtual asset at $25.46. With a total supply reaching $534.89 million, this surge propelled ORDI to the 99th position among the best-performing cryptocurrencies. Over the past week, trading volumes for ORDI reached a staggering $2.14 billion, indicating a substantial investor interest in this digital asset.

Following closely behind ORDI is Gas (GAS), which witnessed a 271.9% surge in value over the last 30 days. Despite a 54.1% dip in the previous week, GAS stood at a value of $8.67, with a market capitalization of $563.62 million.

The third position in this impressive surge was claimed by THORChain (RUNE), experiencing a 264.4% increase within the reported timeframe. Ranked 37th among the top cryptocurrencies, RUNE exhibited a market capitalization of $2.13 billion, with a trading volume of $2.54 billion over seven days.

The market also saw notable rises in FTX Token (FTT) amidst rumors of FTX exchange’s launch in 2024, resulting in a 221.4% surge over 30 days. Kaspa (KAS) and Celestia (TIA) also presented promising gains, rising by 211.9% and 174.9% respectively in the same period.

Additionally, Solana (SOL) and Avalanche (AVAX) experienced surges of 162% and 135.1%, while PancakeSwap (CAKE), Injective (INJ), and Immutable (IMX) soared by 118.5%, 117.4%, and 114.4% respectively, showcasing a widespread bullish trend in the altcoin market.