Ordinals (ORDI), the first token to operate on Bitcoin's Ordinals protocol

has garnered significant attention within the cryptocurrency space, especially after its remarkable achievement of becoming the first BRC-20 token

Ordinals (ORDI), the first token to operate on Bitcoin’s Ordinals protocol, has come into the spotlight in recent times, especially after it became the first BRC-20 token to exceed $1 billion in market capitalization in late 2023. With a capped supply of 21 million coins, similar to Bitcoin, the project’s future price potential has been a subject of speculation.

Currently trading at $9.86, ORDI has experienced significant volatility, ranging from a peak of $96.17 in March 2024 to a low of $2.86 in September 2023. These price extremes highlight both the potential and risks associated with investing in Ordinals.

At the time of writing, on March 23, 2025, Ordinals has a market capitalization of $207.05 million and a trading volume of $66.65 million. Despite its volatility, ORDI continues to be discussed among both retail and institutional investors. The coin’s market behavior can be largely attributed to its innovative nature and its position as the first token to be inscribed on the Ordinals protocol, which enables data to be embedded directly on Bitcoin’s smallest unit- the Satoshi.

As the market adjusts, ORDI’s price has faced downward pressure, and many traders are now concentrating on whether it will recover or enter another bull phase.

Technical Analysis: Bearish Sentiment Prevails

Short-term technical indicators for ORDI suggest a bearish market. The 50-day simple moving average (SMA) is $12.04, and the 200-day SMA is $27.24, both signaling that the market sentiment is leaning towards “sell.”

The Moving Average Convergence Divergence (MACD) indicator is also below zero, further reinforcing the bearish outlook. Additionally, the Relative Strength Index (RSI) is neutral, suggesting that there isn’t any strong momentum in either direction. Finally, the William Alligator indicator shows little volatility, signaling that the market is currently in a dormant phase.

Despite this bearish sentiment, there is a chance that ORDI may recover in the coming months, especially as the broader cryptocurrency market begins to show signs of stabilization after a significant bear run. The volatility of the market, combined with renewed trading activity, could set the stage for a potential rebound.

Ordinal Price Prediction: 2025 to 2031

Looking ahead, Ordinals (ORDI) is expected to experience significant price movement between 2025 and 2031. For 2025, ORDI's price is predicted to range between $8.96 and $29.81, with an average price of around $15.54. This year could see the token recover from its recent downtrend and capitalize on the growing adoption of the Ordinals protocol in decentralized finance (DeFi).

In 2026, ORDI could rise further, trading between $24.67 and $40.82, with an average price of $35.65. This growth would reflect an expanding DeFi ecosystem, supported by increased demand for tokens inscribed on the Ordinals protocol. By 2027, the price is expected to reach between $50.88 and $59.50, averaging around $52.31, driven by wider recognition and adoption.

As the years progress, the price of ORDI could continue to rise. In 2028, it is expected to trade between $74.87 and $89.71, with an average of $77.48. By 2029, the price could reach between $108.38 and $130.84, with an average of $111.48. The price surge would reflect the increasing utility of Ordinals and the token’s role in the broader cryptocurrency ecosystem.

By 2030, ORDI could see a price range of $154.84 to $186.05, with an average of $160.42. This substantial increase could come as the Ordinals protocol receives more institutional support and integration. In 2031, ORDI may yet again reach a high of $273.59, with a potential low of $231.22, and an average price of $237.64, continuing its growth trajectory as the Ordinals protocol matures.

Is ORDI A Good Investment?

Ordinals (ORDI) certainly holds potential, especially due to its first-mover advantage and fixed supply, which mirrors Bitcoin's scarcity model. As the Ordinals protocol evolves and its use cases expand, ORDI'