SATS (Ordinals) 24-hour pump 29.90%

Gate News Bot news, September 10, according to CoinMarketCap data, as of the time of publication, SATS (Ordinals) is currently priced at $0.0000000483, having risen 29.90% in the last 24 hours, with a peak of $0.0000000502 and a low of $0.0000000342. The 24-hour volume reached $97.4 million. The current market capitalization is approximately $101 million, an increase of $23.33 million compared to yesterday.

SATS is the smallest unit of Bitcoin, with 1 Bitcoin being divisible into 100 million SATS. SATS (Ordinals) is a BRC-20 token based on the Bitcoin network, created using the Ordinals protocol. It is described as "the most meme-worthy meme coin on the Bitcoin chain." SATS can be traded on multiple mainstream cryptocurrency exchanges, including certain CEXs. BRC-20 tokens are created by inscribing Ordinals on Satoshis, allowing tokens of equal value to be created without the need for smart contracts.

Important news about SATS recently:

1️⃣ SATS Terminal raises $17 million in funding to promote Bitcoin DeFi development SATS Terminal successfully raised $17 million in funding, aimed at simplifying and expanding the decentralized finance (DeFi) ecosystem on Bitcoin. This funding will be used to develop tools and infrastructure to facilitate DeFi applications on the Bitcoin network, potentially increasing the utility and demand for SATS.

2️⃣ SATS (Ordinals)market capitalization continues to rise Multiple mainstream cryptocurrency data platforms and news media, such as CoinDesk, CoinTelegraph, and The Block, have launched price indices and market data pages for SATS (Ordinals). This indicates that SATS (Ordinals) is gaining increasing attention from investors and market participants, which may drive its volume and price rise.

3️⃣ The development of the Bitcoin ecosystem drives SATS demand As the smallest unit of Bitcoin, the value of SATS is closely related to the development of the Bitcoin ecosystem. Recent innovations on the Bitcoin network, such as the Ordinals protocol and the application of the BRC-20 token standard, are creating new use cases and value propositions for SATS, which could be an important factor driving the rise in SATS prices.

From a technical perspective, the 24-hour trading volume of SATS ( Ordinals ) has significantly increased, reaching 97.4 million USD, indicating that market activity is on the rise. At the same time, the price quickly rebounded from a low of 0.0000000342 USD to 0.0000000483 USD, with an increase of nearly 30%, demonstrating strong upward momentum.

This message is not intended as investment advice; investors should be aware of market volatility risks.