Inscription tokens ORDI and SATS have underperformed the broader crypto market so far in 2024 and are still showing potential for further downside.
The cryptocurrency market has seen a notable drop in several digital assets in January, with inscription tokens — aka BRC-20 tokens — such as ORDI and SATS among the most affected.
The reasons behind the underperformance of these unique tokens include several other important factors in addition to Bitcoin’s (BTC) recent price fluctuations.
Notably, the price of ORDI and SATS has fallen by approximately 34.50% and 50%, respectively, so far in 2024.
