As the US Federal Reserve clearly released the signal of interest rate cut, the entire capital market began to celebrate, and the crypto market was no exception. Bitcoin once again reached the annual high of $43,000. The recent popular inscription token market continued to be hot. RATS, SATS, MUBI, TURT, ALEX, etc. have all seen varying degrees of increase, with an average increase of more than 40%.
Bull market catalyst, BRC-20 has obvious wealth effect
The prosperity of the BRC-20 ecosystem has become a catalyst for this round of bull market. The reason is that the birth of BRC-20 provides investors with a new investment tool. Due to its unique mechanism and potential profit potential, it has attracted a large number of investors.
This wealth effect is not limited to individual investors. For the market as a whole, the launch of BRC-20 has also brought about a significant increase in activity and trading volume. Markets that may have been inactive before have become active due to the emergence of BRC-20, and transaction volumes have increased significantly.
For example, trading volumes on trading platforms such as OKX and Bitget have grown rapidly since the launch of BRC-20, attracting more investors and traders. According to the latest data released by Bitget, the trading volume of its spot market has increased by 82%.
Bitget, a touchstone for the BRC-20 track
In this feast of wealth about inscriptions, early entrants such as Bitget and OKX are undoubtedly one of the biggest winners. With the launch of multiple BRC-20 tokens, a clear wealth effect has been formed. Taking Bitget as an example, the recently launched MUBI and TURT have brought about a huge wealth-creating effect.
MultiBit is the first two-way cross-chain bridge designed to facilitate cross-network transfers between BRC20 and ERC20 tokens. After MUBI was listed on Bitget, the opening price was $0.07, the highest reached $0.16, and the current price is $0.1444, an increase of more than 106%.
Another project worth noting is Turtsat, a community-driven open platform whose mission is to become the Gitcoin of Ordinal, providing everyone with a space to build, donate and influence Bitcoin Ordinal & BRC-20 through Turtsat. Similarly, after listing on Bitget, the price of TURT has skyrocketed.
The opening price of TURT on Bitget was 0.01 USD, reaching a high of 0.0449 USD. The current price is 0.0387 USD, an increase of more than 287%.
Bitget entered the market early and explored multiple potential projects
As early as April this year, Bitget began to lay out the BRC-20 track and launched several early popular BRC20 ecological projects, such as PEPE, ORDI, BIP1, etc. As for ORDI, the leader of the inscription track, Bitget launched its first launch on May 10 this year, with an initial price of only US$1. With the launch of ORDI on Binance, its price has risen by 5500%. 吴们砍近裙加薇：wuj5677Similarly, SATS, which has recently aroused heated discussion and attention in the community, was launched on November 9 by Bitget. More than a month later, with the launch of SATS on Binance, the price of SATS rose by 769%. In order to facilitate users to trade more popular BRC-20 tokens more easily, Bitget has also launched a trading area for BRC-20 tokens, and currently supports multiple popular BRC-20 tokens.
summary
In short, with the prosperity of the BRC-20 ecosystem, the crypto market has ushered in a bull market carnival. Investors have flocked to the market to pursue new investment opportunities. Early entrants such as Bitget have become one of the biggest winners, providing investors with more trading options and opportunities by listing multiple popular BRC-20 tokens. However, we also need to note that there are still risks and uncertainties in the crypto market. Investors need to remain rational, invest prudently, and avoid blindly following the trend.