Bitcoin-related tokens, especially the BRC-20 token ORDI, have risen quite a bit. The price of ORDI has increased by more than 500% in one month. But not everyone can make big profits by buying low and selling high. This article is about the top 6 BRC-20 tokens that may have the same potential as ORDI,
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Before understanding what the BRC-20 token is, it is necessary to understand the Bitcoin serial number.
Let's start with a quick explanation of ordinal numbers. Ordinal numbers help put data into Bitcoin's individual satoshis by assigning each satoshi a unique number through a logical ordering system called ordinal theory. Once completed, any type of data can be added to each Satoshi, such as pictures, videos, audio, text, or even entire applications.
In the context of BRC-20 tokens, they are essentially these ordered inscriptions with specific types of text embedded within them. This article provides a set of rules and specifications for creating and managing tokens. While adding text to Bitcoin has been a popular early use for Bitcoin NFTs (non-fungible tokens), new uses may emerge over time as the technology develops.
Serial numbers make it possible to create NFTs (non-fungible tokens) that are completely native to Bitcoin. These NFTs require no additional solutions or changes to the Bitcoin protocol, and they are compatible with the existing network. The use of ordinal inscriptions is growing in popularity because it provides a fast and efficient way to store immutable information on the Bitcoin blockchain.
BRC-20 Tokens are a unique way to create fungible tokens directly on the Bitcoin network. Unlike common token standards on blockchains that use smart contracts, BRC-20 does not rely on smart contracts. Instead, it allows users to store script files on Bitcoin that allow them to link coins to specific satoshis. BRC-20 tokens use ordered tags to contain JSON data, allowing users to easily create, generate and move these tokens.
BRC-20 is a new way to create tokens for Bitcoin, invented in March 2023 by a Twitter user named @domodata. With this token standard, we use ordered tags on JSON data, which makes it simple to create token contracts, make new tokens, and move them around easily. These tokens offer advantages such as being easy to trade, safe, and work well with the Bitcoin system.
The Bitcoin halving is a scheduled event that occurs approximately every four years, reducing the rate at which new Bitcoins are created. The incident has been impacting Bitcoin’s price and overall dynamics. BRC-20 promises to build on the positive outcomes of the Bitcoin halving by bringing new possibilities for tokenization, liquidity, and innovation within the Bitcoin ecosystem.
SATS is a memecoin centered around the Satoshi, the smallest unit of Bitcoin, which is one of the popular BRC-20 tokens. SATS is closely associated with Bitcoin’s positive outlook.
When Bitcoin prices rise, many BRC-20 related tokens, including SATS, tend to rise as well. Even though SATS is only a fraction of Bitcoin's actual value, it still has huge potential for impressive returns. The project has over 36,000 SATS holders, which, as stated on its website, makes it a promising venture.
As of today, the SATS (Ordinals) price is $0.0000006001, with a 24-hour trading volume of $99.83 million. Market capitalization and market dominance information is currently unavailable. The price of SATS (Ordinals) increased by 28.53% in the last 24 hours.
The highest price of SATS (Ordinals) was recorded on December 14, 2023, reaching an all-time high of $0.0₆6499. The lowest price is not known, but since its all-time high it has experienced cycle lows of $0.0₆5854. The highest price since the previous cycle low was $0.0₆6020.
The current sentiment on the SATS (Ordinals) price forecast is bullish, with a Fear & Greed Index value of 72, corresponding to a greedy state.
RATS is a unique animal-themed meme token on the Bitcoin network that follows the BRC-20 token standard.
The Ordinals protocol efficiently deployed and fully created the RATS token on March 11, 2023, and November 5, 2023, demonstrating its rapid development. Additionally, the BRC-20 token standard underpinning RATS brings scarcity and uniqueness to this memecoin. Unlike typical tokens, RATS are produced, moved, and stored using Bitcoin, which enhances their scarcity and hints at potential long-term value.
As of now, the real-time price of RATS (Ordinals) is $0.000243, and the 24-hour trading volume is $108,448,538. Prices are updated in real time, with RATS (Ordinals) rising sharply by 75.98% in the past 24 hours. It is currently ranked#2216on CoinMarketCap and real-time market cap information is currently unavailable. The circulating amount is also not specified, but the maximum supply of RATS coins is set at 1,000,000,000,000 RATS.
MultiBit is a groundbreaking two-sided bridge designed to facilitate easy transfers between BRC20 and ERC20 tokens, bridging the gap between different blockchain networks. By enhancing the liquidity of these tokens, MultiBit facilitates cross-chain interoperability. The main mission is simple: increase the liquidity and accessibility of BRC and ERC tokens in a secure and user-friendly way.
MultiBit (MUBI) serves as a BRC-20 token bridge platform that enables users to smoothly transfer tokens between the Bitcoin blockchain and various Ethereum Virtual Machine (EVM) networks. This feature facilitates seamless movement and interoperability of tokens between different blockchain ecosystems.
As of now, the real-time price of Multibit (MUBI) is $0.158348, with a 24-hour trading volume of $39,746,953. Prices are updated in real time, with Multibit rising sharply by 50.40% in the past 24 hours. It is currently ranked 268th on CoinMarketCap with a real-time market capitalization of $150,430,430. The number of MUBI coins in circulation is 950,000,000, and the maximum supply is capped at 1,000,000,000 MUBI coins.
Dovi is a community-driven layer 2 solution for Bitcoin that serves as an EVM-compatible smart contract platform. This innovative platform is strategically designed to solve key challenges in the blockchain space, focusing on increasing scalability, minimizing fees, and fostering a more secure and decentralized financial ecosystem.
Dovi brings several advantages, including efficient transaction processing, significantly reducing network fees, implementing a more secure consensus mechanism, and building a scalable second-layer network. By combining these features, Dovi aims to contribute to the continued development of blockchain technology, making it more accessible, efficient, and secure for users within its community.
The current price of Dovi (Ordinals) is $1.20 and its value has increased by 69.65% in the past 24 hours. Total trading volume during the period was $8,412,540. Dovi(Ordinals) is currently ranked 2252 on CoinMarketCap, but no real-time market cap is provided. The circulation and maximum supply of DOVI coins are unknown, but the maximum supply is 15,000,000 DOVI coins.
VMPX Coin is a BRC-20 token created by Jack Levin, the founder of the XEN cryptocurrency, and was launched on May 7. VMPX Coin is unique in that it follows Jack Levin’s “First Principles” – it is not pre-mined, the founders do not receive any special allocations, and the code cannot be changed.
This unique feature makes the VMPX coin a potential investment asset, competing with other BRC-20 tokens. The expected surge related to the ordinal number could help VMPX's value growth. Additionally, Jack Levin’s well-known reputation in the cryptocurrency space adds a strong brand image to the VMPX token.
As of now, the current price of VMPX (Ordinals) is $0.088991, up 35.45% in the past 24 hours. The 24-hour trading volume is $2,505,425. VMPX (Ordinals) is ranked 2321 on CoinMarketCap and its real-time market cap is currently unavailable. The circulating supply and maximum supply are also unknown, but the maximum supply is capped at 108,624,000 VMPX coins.
Ordinal numbers serve as a systematic numbering system for Satoshis, providing a way to track and move individual units of Bitcoin. These numerical tags (called ordinal numbers) are assigned based on the order in which satoshis are mined, and then moved from transaction inputs to outputs on a first-in, first-out basis. You can read more about ORDI prices here.
The term "ordinal" comes from the emphasis on maintaining order in numbering and transmission. Importantly, various assets such as NFTs, security tokens, accounts or stablecoins can be associated with satoshis using ordinal numbers, acting as reliable identifiers.
As of now, the current price of ORDI is $55.19, with an increase of 14.45% in the past 24 hours. The 24-hour trading volume is $637,592,716. ORDI is currently ranked 59th on CoinMarketCap with a live market cap of $1,159,075,275. There are currently 21,000,000 ORDI coins in circulation and the maximum supply is capped at 21,000,000 ORDI coins.
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