SATS (Ordinals), a unique digital asset built upon the Bitcoin blockchain through the Ordinals protocol, represents a fascinating development in the cryptocurrency space. This guide provides a comprehensive look at its current market performance, historical data, and essential information for interested observers and potential investors.
Current SATS (Ordinals) Price and Market Data
As of the latest data, SATS (Ordinals) is trading at approximately $0.00000004**. The token has experienced a **2.53% increase** over the past 24 hours. Its market capitalization currently stands at **$78,591,655, reflecting its position within the broader digital asset landscape.
The 24-hour trading volume for SATS is $8,365,106, indicating a moderate level of market activity and liquidity for this specific asset.
Detailed Price Statistics
- Market Price: $0.00000004
- Price Change (1H): +1.37%
- Price Change (24H): +2.53%
- Price Change (7D): -0.44%
- Price Change (30D): -23.49%
- Total Volume (24H): $8,365,106
- All-Time High (ATH): $0.0000009327 (recorded on December 15, 2023)
- Total Supply: 2,100,000,000,000,000 SATS
- Circulating Supply: 2,100,000,000,000,000 SATS
- Max Supply: 2,100,000,000,000,000 SATS
Recent trading ranges show the token fluctuating between $0.0000000380 and $0.0000000355 over the past day.
Understanding SATS (Ordinals)
SATS (Ordinals) is a token standard made possible by the Bitcoin Ordinals protocol. This protocol allows for the inscription of data, including tokens like SATS, directly onto individual satoshis—the smallest denomination of a bitcoin. This creates a unique form of digital artifact on the Bitcoin blockchain itself, distinct from assets on other smart contract platforms.
The name "Sats" is an abbreviation for satoshis, which itself is named after Bitcoin's pseudonymous creator, Satoshi Nakamoto.
Historical Price Performance
Analyzing historical data is crucial for understanding any asset's trajectory. The provided data shows SATS's daily open, high, low, and close prices alongside trading volume, offering insights into its volatility and trading patterns over a recent period. This information helps chart the token's performance against broader market movements.
Global Price Conversions
The value of 1 SATS token against various global fiat currencies is as follows:
- 1 SATS to USD: $3.74245974523E-8
- 1 SATS to CNY: ¥2.67881193268E-7
- 1 SATS to EUR: €3.16975176402E-8
- 1 SATS to GBP: £2.72237778139E-8
- 1 SATS to INR: ₹3.20160825052E-6
- 1 SATS to JPY: ¥5.36605068836E-6
How to Track SATS (Ordinals)
Monitoring the live price of SATS requires reliable tools. Specialized cryptocurrency data aggregators provide real-time price charts, order book depth, and historical data analysis. 👉 Explore real-time tracking tools to stay updated on the latest market movements and set price alerts for this volatile asset.
Frequently Asked Questions
What is the total supply of SATS (Ordinals)?
The total and maximum supply of SATS (Ordinals) is fixed at 2,100,000,000,000,000 tokens. This entire supply is currently in circulation.
What was the all-time high price for SATS?
SATS (Ordinals) reached its all-time high price of $0.0000009327 on December 15, 2023. The current price is significantly below this peak.
How can I view on-chain data for SATS transactions?
Blockchain explorers designed for the Ordinals protocol, such as Ordiscan, are used to track transactions and inspect the inscriptions associated with SATS tokens on the Bitcoin blockchain.
What is the significance of the Ordinals protocol for SATS?
The Ordinals protocol is the foundational technology that enables the creation of tokens like SATS directly on the Bitcoin blockchain by inscribing data onto individual satoshis, without the need for a separate sidechain or token standard.
Is SATS considered a good investment?
Like all cryptocurrencies, SATS carries significant risk and high volatility. Its value is influenced by market sentiment, developments within the Bitcoin Ordinals ecosystem, and broader crypto market trends. Thorough personal research is essential.
How does SATS differ from other tokens?
Unlike most tokens on networks like Ethereum, SATS exists natively on the Bitcoin blockchain as an inscribed artifact. This gives it different technical properties and potential value propositions based on Bitcoin's security and simplicity.