Unlocking the Mystery: Why ORDI, RATS, QI, and IOTX Dominate the Crypto Market Today

• ORDI: Surged by 16.1% to $50.33 with a $1 billion market cap and $516 million trading volume.
• RATS: Up 13.8% at $0.0001714, with a market cap of $177.05 million and $71.35 million trading volume.
• QI: Marked a 6.9% increase, hitting $0.01956, boasting a $93 million market cap and $12 million volume.

Amid unexpected market fluctuations, these 4 cryptocurrencies showed significant price increases. From Ordinals to IoTeX Network, let’s dive deeper and find out what makes them shine in the market today, May 31st.

Ordinals (ORDI)

The price of Ordinals (ORDI) rose 16.1% in 24 hours and has now touched $50.33. Today, Ordinals’ market cap stands at around $1 billion, with a trading volume of $516 million registering a jump of 238.95% in the last 24 hours. 

Following the bearish fall to the $33 level, ORDI’s 61.80% Fibonacci level, from the $87 peak, accounted for a 62% decline. However, with the broader market recovering, the ORDI price trend sucked the bullishness out of the market to challenge the $43 mark.

 Rats (RATS)

The price of Rats (RATS) rose 13.8% within 24 hours and touched the price of $0.0001714. Rats’ market capitalization stands at around $177.05 million, with a trading volume of $71.35 million, registering a 182.45% surge within 24 hours. 

RATS is a BRC-20 meme token on the Ordinal protocol on the Bitcoin blockchain which is inspired by a real animal, namely a rat. As BRC-20, RATS enables the use of satoshis (Bitcoin’s smallest unit) to identify, order and document digital content, creating unique digital artifacts.

BENQI (QI)

 QI price recorded an increase of 6.9% in 24 hours and touched $0.01956. BENQI has surged impressively in the last 24 hours, boasting a market capitalization exceeding $93 million and trading volume hitting $12 million, marking a remarkable 272.84% increase. In essence, BENQI stands as a decentralized, non-custodial liquidity marketplace and liquid staking protocol, operating on the high-speed Avalanche smart contract network.

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IoTeX (IOTX)

Being one of the crypto assets that rose today, IoTeX (IOTX) recorded an increase of 6.3% within 24 hours, and touched the price of IoTeX (IOTX). At the time of writing, IoTeX’s market cap is around $561 million with a trading volume of $70 million, which is up 219.42% in the last 24 hours.

Started as an open-source project in 2017, IoTeX has built a decentralized platform that aims to empower an open economy for machines – an open ecosystem where people and machines can interact with guaranteed trust, free will, and under well-designed economic incentives.

As ORDI, RATS, QI, and IOTX continue to showcase resilience and growth amidst market volatility, their future in the crypto industry appears promising. Each token embodies unique value propositions, from Ordinals’ recovery momentum to RATS’ innovative BRC-20 protocol, BENQI’s role in liquidity provision, and IoTeX’s vision for a trust-powered machine economy.

With ongoing development and adoption, these cryptocurrencies are poised to contribute positively to the evolving landscape of decentralized finance and blockchain technology.

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