By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoXTimesCryptoXTimes
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Notification Show More
Font ResizerAa
CryptoXTimesCryptoXTimes
Font ResizerAa
  • Home
  • News
  • Cryptocurrency
  • Advertise
  • Contact Us
Search
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Have an existing account? Sign In
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
CryptoXTimes > Article > News > SATS Soars 63% In One Week, Market Cap Hits $415.8 Million
NewsCrypto

SATS Soars 63% In One Week, Market Cap Hits $415.8 Million

SATS token rises 63% in one week, market cap $415.8M.

Aima Raza
Last updated: July 13, 2024 9:09 pm
Aima Raza 12 months ago
Share
SATS Soars 63% In One Week, Market Cap Hits $415.8 Million

The original token of the Satoshi Network, SATS (Ordinals), has become the best-performing of the top 200 cryptocurrencies this week, with an unprecedented 63% rise in value over the last week.

SATS has a market capitalization of $415.8 million and a 24-hour trade volume of $56.8 million. Its price is $0.000000198 at the moment. It has gone down by 8% in the last 24 hours, but over the past year it has grown by a phenomenal 3,999%.

Technical signs show that the market is optimistic about SATS. The Relative Strength Index (RSI) is still above 50, which means there is strong movement for the price to go up. The 50-day and 200-day Simple Moving Averages (SMAs) are $0.006239 and $0.006495, which means the market is likely to stay stable. 

SATS Long-Term Optimism

The short-term price is likely to stay stable, with August’s average staying around $0.00000020. The long-term price prediction for 2024 is more optimistic, with an average price of $0.000000350.

Fundamental research shows how important supply and demand are in determining the price of SATS. As of the moment, the Fear & Greed Index is at a balanced 47. The 30-day price volatility is at 25.90%, and 13 of the last 30 days have seen price increases.

Non-fungible tokens (NFTs) can be created and traded on the Bitcoin network courtesy to the SATS protocol. This is an important factor for the recent price rise. More people want the token because the Ordinals system is becoming more popular and can be used in more ways. 

On the Ordinals network, developers are busy making decentralized apps (dApps) and tools, which is growing the ecosystem even more.

Crypto fans and investors are also very interested in the well-known NFT collections that were released on the Ordinals system. These collections, which include one-of-a-kind digital art and collectibles, have greatly increased trade activity and helped SATS’s price rise.

The community is also stronger now that Ordinals is part of the Stacks layer-2 solution for Bitcoin. Stacks make it possible to build smart contracts and independent apps on the Bitcoin network. This gives the Ordinals protocol a strong foundation on which to grow.

The SATS coin is likely to stay a top performer in the cryptocurrency market as the Ordinals ecosystem continues to grow and bring in more developers. As more people become interested in Bitcoin-based NFTs and the Ordinals protocol’s unique features, the token’s value may continue to rise significantly over the next few weeks and months.

You Might Also Like

Solana Spot ETF With Staking May Launch This Week

Deutsche Bank Considers Issuing Stablecoin Amid Digital Shift

PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy

Telegram Integrates Elon Musk’s Grok AI in $300M Deal

Berachain Transactions Tumble, Fee Revenues Cut In Half

TAGGED: Cryptocurrencies, NFT, RSI, SATS
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
Previous Article Dogecoin Accumulation By Major Holders Surges Dogecoin Accumulation By Major Holders Surges
Next Article Partior Secures Major Funding For Blockchain Expansion Partior Secures Major Funding For Blockchain Expansion
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
TwitterFollow
TelegramFollow
LinkedInFollow

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
Solana Spot ETF With Staking May Launch This Week
Solana Spot ETF With Staking May Launch This Week
Iceland PM Shifts Energy from Bitcoin to Agriculture
Iceland PM Shifts Energy from Bitcoin to Agriculture
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch

You Might Also Like

Trump Media Launches $2.5B Crypto Investment Strategy
NewsCrypto

Trump Media Launches $2.5B Crypto Investment Strategy

By Nayab Fatima 1 month ago
$BONK Surges 4% as Breakout Above $0.000021 Nears
CryptoNews

$BONK Surges 4% as Breakout Above $0.000021 Nears

By Haider Ali 1 month ago
XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz
Altcoin NewsNews

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz

By Muhammad Ali 2 months ago
MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension
CryptoNews

MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension

By Haider Ali 2 months ago
CryptoXTimesCryptoXTimes
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
  • About Us
  • Careers
  • Privacy Policy
  • Risk Disclaimer
Welcome Back!

Sign in to your account

Lost your password?