Home > Information news > In Bitcoin’s Footsteps: Ordinals (ORDI) and Cosmic Kittens (CKIT) Compete for Closest Correlation

In Bitcoin’s Footsteps: Ordinals (ORDI) and Cosmic Kittens (CKIT) Compete for Closest Correlation

Release: 2024/06/28 21:48 Reading: 867

Original author:TheNewsCrypto

Original source:https://coinmarketcap.com/community/articles/667eb748df2457047cd16de3

In Bitcoin’s Footsteps: Ordinals (ORDI) and Cosmic Kittens (CKIT) Compete for Closest Correlation

In a fascinating development within the cryptocurrency market, two promising tokens, Ordi (ORDI) and Cosmic Kittens (CKIT), are vying for the title of closest correlation with Bitcoin (BTC). The rivalry between these digital assets has captured the attention of traders and investors, raising questions about their potential impact on the broader market.

Currently preparing for presale, analysts believe Cosmic Kittens (CKIT) can follow Bitcoin’s positive price trends. If this prediction holds, then CKIT could be a winner in the next bull run compared to the likes of Ordi (ORDI).

Ordi (ORDI) Fights Off Bears Amid Bitcoin Tailwinds

For the uninitiated, Ordi (ORDI) is a crypto project that initially surged on the back of Bitcoin’s (BTC) latest pump. The token price skyrocketed as speculative mania took hold, with Ordi (ORDI) investors piling in hopes of seeing even more gains.

However, the rally has proven unsustainable as Ordi (ORDI) now faces a bearish reversal. The token has plummeted over 50% from its all-time high as the euphoria bubble pops. ORDI’s struggles coincided with a wider crypto market pullback at the end of February before Bitcoin reasserted its dominance in March. Analysts warn that a further downslide could be in store if investor confidence keeps reducing.

ORDI experienced a short-lived bounce back in March, with its price reaching an impressive $63. However, the token’s price has since fallen to $36.11 and may drop below its 2024 all-time low of $34.16, making it increasingly clear that Ordi (ORDI) may have been overhyped during the recent Bitcoin-driven shakeout.

That said, the future of Ordinals (ORDI) remains bright. Analysts believe that ORDI can crawl back to its post-February highs of $59.69 if it can sustain momentum throughout Q3 and Q4. However, investors looking for a crypto asset that could mimic Bitcoin’s (BTC) historic price movements are turning to Cosmic Kittens (CKIT) for an answer.

Purchase The CKIT Token

Cosmic Kittens (CKIT) Gaming Token Could Mirror Bitcoin-Like Growth

As a blockchain-based game melding NFTs with “pet” mechanics, Cosmic Kittens (CKIT) represents new crypto frontiers centered around gaming culture and play-to-earn models.

What intrigues analysts is CKIT’s potential to become this cycle’s top token investment, channeling the rabid demand that propelled Dogecoin and other dog-themed tokens to billions in market capital. If Cosmic Kittens (CKIT) can capture even a fraction of that virality, analysts believe it could deliver Dogecoin (DOGE)-esque gains that compete with Bitcoin’s rallies.

The gameplay loop of nurturing adorable NFT kittens and the ability to earn cryptocurrency has all the ingredients for meme-fueled mania. Cosmic Kittens (CKIT) brings ample meme energy and cuteness appeal that could resonate powerfully across internet culture if adoption takes off.

Participants have three main ways of earning on Cosmic Kittens (CKIT) through the project’s Rocket Rewards Program, including:

- Staking CKIT to receive reward boosts that attract higher yields.
- Trading NFT characters for CKIT tokens.
- Accessing super rare NFTs like characters and galactic art pieces through Tiered Rewards.

Outside investors have as much potential to earn from Cosmic Kittens (CKIT) as the token’s price could soar to new heights.

The blockchain gaming industry is experiencing explosive growth and could reach $614.91 billion by 2030, up from $154.46 billion in 2023. Combined with a highly anticipated gaming experience, analysts are confident that the Cosmic Kittens (CKIT) token value can grow by 1,000% in the first 12 months after the presale.

Even before its presale launch, Cosmic Kittens (CKIT) has seen an avalanche of speculative demand eerily reminiscent of meme coin frenzies. Buyers are frantically lining up to scoop up the 752,500,000 CKIT tokens (43% of total supply) allocated for presale.

Tokenmonics Potential Gives Cosmic Kittens (CKIT) Bitcoin Edge

Ordinals (ORDI) proved itself in 2024 as an altcoin with high financial potential, indicating that it could be a worthwhile investment long-term. However, its recent market decline suggests its performance was due to the Bitcoin wave in February.

Now Cosmic Kittens (CKIT) stands out as a top alternative for investors looking for profitable coin assets. Its presale will start with a launch price of $0.0055 per token. It will also offer a 20% bonus on all CKIT sales.

Cosmic Kittens P2E game has already grabbed the attention of blockchain gaming enthusiasts, while the overall market is set to reach record heights, making CKIT a very attractive investment with the potential for excellent returns during its presale. Presale entrants could be selected to purchase 700 NFTs at 0.02 ETH each, ahead of the general mint price of 0.04 ETH.

Keep a close eye on the ongoing presale with the links below:

Presale
Twitter
Telegram
Whitepaper

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