Bittime - The crypto market may experience a significant price increase, which could even soar some projects by up to 4,000%! Traders and analysts are looking at twolesser-known tokens, namely ORDI and CORE.
They believe this digital asset has the potential to experience a large price increase in the coming days, weeks and months.
CORE Token: Potential to Rise 100 Times?
The CORE token, issued by the CoretoshisLab project, has recently become a hot topic of conversation after surprising information was shared by the organization's official account.
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Their tweet stated that an unknown party was planning to soar the price of the CORE token to $100 ahead of the long-awaited Bitcoin halving event.
The tweet also claims that the credibility of this news is "very high" and that more than 100 crypto investment institutions are expected to buy and hold CORE this year.
Also read: What is Core (CORE)? The Layer-1 Blockchain Revolution Has Begun
The CoretoshisLab account is also confident about the future of this token, stating, "Next month, we will really go to the moon. In 2024 (this year), #CoreDAO will explode in an extraordinary way, which you can't imagine."
The CORE token price is currently trading at $2.69, after surging from under $1 in just four days. This means that this token has experienced a significant price increase.
However, if the rumored increase to $100 comes true, this would be an astounding 3,600% price increase!
ORDI's Bullish Chart Shows 300% Upside Potential
ORDI, another token, caught the attention of Crypto Patel (@CryptoPatel), a crypto trader and analyst. Patel recently posted a bullish chart analysis for ORDI, which shows a potential price increase of 300% from the current price above $64.
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Patel's analysis shows that since December, ORDI has traded sideways (flat), often stuck at trend lines that act as support.
If this pattern continues, Patel estimates that ORDI price could break through the resistance level (upper limit) around $90, which would mean a 38% increase from the current price.
However, Patel's optimistic outlook doesn't stop there. He believes that ORDI could jump even higher if a breakout occurs, potentially reaching $267, which is a 316% increase from the current price.
Also read: What is a Breakout?
ORDI Price Movement
Source: Bittime
ORDI prices have experienced a significant increase in the last few days. On April 2 2024, the ORDI price reached IDR 925,000, up 43% from the lowest price in March 2024. This increase was likely driven by several factors, including:
- Increased investor interest in the Ordinals project. Ordinals is a project that allows users to create NFTs (non-fungible tokens) on the Bitcoin blockchain. The project is still new, but has already attracted a lot of attention from the crypto community.
- Launch of the Ordinals trading platform. The Ordinals trading platform allows users to buy and sell Ordinals NFTs. The launch of this platform is expected to increase demand for ORDI.
- Positive market sentiment. The crypto market as a whole has been on an upward trajectory in recent weeks. This positive market sentiment also likely contributed to the increase in ORDI prices.
ORDI Technical Analysis
ORDI technical analysis shows that this token is in a bullish (up) trend. The RSI (Relative Strength Index) indicator shows that ORDI is not overbought (overbought), which means there is still room for price increases.
ORDI Price Prediction
It is difficult to predict the price of ORDI with certainty. However, based on technical and fundamental analysis, ORDI has the potential to reach IDR 1,500,000 in the next few weeks.
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Invest wisely!
Before taking any investment decision, traders and investors should be careful and conduct in-depth research. The crypto market is still very speculative and volatile.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
$ORDI Market Analysis Declines: What Happened to ORDI Coin?
ORDI Soars, Market Cap Reaches More Than 1 Billion Dollars
ORDI Price Prediction in 2024: Is It Possible to Reach $100 Post Bitcoin Halving?
Comparison of CORE with Other Blockchains
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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