Why did BRC-20 tokens sats and ORDI suddenly become popular?
What is an inscription?
Inscriptions are unique digital artifacts that have many advantages over Ethereum NFTs, including immutability, long-term existence, scarcity, and security, while expanding new market areas and supporting diverse content. In addition, Inscription is more affordable, more secure, and has higher liquidity than other blockchain NFTs.
Focus on the primary and secondary markets of the currency circle. Committed to researching first-level skyrocketing coins and second-level high-quality potential coins. V:wu354133. No threshold, no fees, no promotion of exchanges, no trading links.
The BRC20 track has been quite popular in recent days. After Binance launched Ordi, the price of ORDI rose by more than 50% in a short period of time, which subsequently led to a collective rise in the BRC-20 series of tokens. The price of ORDI once exceeded $14. The assets of many BRC-20 supporters have doubled in a short period of time, causing FOMO emotions about the BRC-20 concept. It directly triggered a wave of craze.
UniSat Wallet also announced that the first batch of BRC-20 Swap will support 14 inscription assets (including sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, zbit, vmpx, pepe and mxrc).
What is Ordi?
Ordi is the first and currently most valuable BRC-20 token on BTC, created by @domodata, founder of the BRC-20 token standard. It is currently just an experimental interchangeable token standard, and the token itself has little value. However, ORDI received enthusiastic support from the market as soon as it was issued, and it once reached a high of $28 in early May.
There are two most attractive highlights of ORDI. First, it is created directly on the Bitcoin blockchain and cannot be tampered with. There is no project party. As long as Bitcoin does not disappear, ORDI will not disappear; second, it is in full circulation from the beginning. There is no pressure to unlock later. Many people use this to ridicule the project parties on the Ethereum chain.
What are sats?
Sats is the ninth inscription token on the Brc-20 protocol. Its full name is satoshis, which is the smallest unit of Bitcoin. It is referred to as Satoshi for short, and is also called Bitcoin Satoshi. 1 BTC = 100 million Satoshi. The total amount is 2100 trillion, corresponding to 21 million BTC. The market popularity even exceeds that of veteran-level Ordi.
The current market value of sats on brc20 has surpassed that of ordi. It may become the next shibi, or doge, a memen coin. Because it is cheap and has many coin-holding addresses, it is very likely to become the next crazy CX coin. I It feels like the craziness will continue, and this craze will continue until December.
Here are some thoughts on SATS:
The number of SATS currency holding addresses has reached 37,888, making it the project with the largest number of currency holders in the entire Ordinals ecosystem. This shows that it has a deep community foundation and high degree of recognition. This broad community support powers SATS.
In the BRC-20 token market, the market value of SATS has currently reached approximately US$150 million. Compared with the current market value of DOGE, which has reached US$10 billion, and SHIB, which has reached US$5 billion, SATS has a lot of room for growth. Additionally, it is not yet a bull market in the crypto market, which means SATS has huge potential for growth.
As the largest wallet hub in the BRC-20 ecosystem, UniSat not only supports SATS as the gas fee on L2, but may also use it as the basic transaction token of brc20swap. This support not only brings 36,000+ active users to SATS, but also makes UniSat a top trading platform.
There may be many opportunities for BRC20, because of the fair start, there is no rat barn, it just depends on who can operate faster. If you can master the initial casting, it only requires effort and the investment cost is extremely low. Once it takes off, the benefits will be huge.
However, there are currently 43,716 BRC20s that can be queried on Unisat that have been minted or are being minted, and most of them have been reset to zero or no one has minted them.
Although the market is slowly recovering, it is still a bear market with a lack of liquidity and a steady stream of new users. Pay attention to BRC20, if the ambush is successful, it will indeed be a huge opportunity;
Focus on the primary and secondary markets of the currency circle. Committed to researching first-level skyrocketing coins and second-level high-quality potential coins. V: wu354133 No threshold, no fees, no promotion of exchanges, no trading links.
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