In the world of Web3, inscriptions seem to have become the darling of the market. But recently, due to the rise of the Solana ecosystem and the relative silence of Inscription, the market has cast doubts on its prospects. However, through in-depth analysis of the inscription ecology and its BRC20 subset, we found that it contains huge potential.
Inscription Ecology was once regarded as a lever to leverage the bull market in 2023, but it has now entered a period of consolidation. The main reason is that its infrastructure and applications are not yet perfect, but this also leaves huge room for development in the future.
Judging from the leading project BRC20, the current market awareness of it is still at the meme currency stage, but its real value has not yet been fully explored. At the same time, the development of L2 and basic applications is the key to the inscription ecology, which is still at a very early stage.
In the current market environment, sector rotation and inscription adjustments are necessary. And I think the take-off of Inscription may have to wait until after the year, when the turnover rate will stabilize and some basic platforms will also be launched in the buffer area.
Bitcoin’s halving event will occur in 85 days, and this event may have a significant impact on the Inscription ecology. Miners may look for new opportunities, and the Inscription may become their new battlefield.
If we believe that 2024 is a bull market year, then the role of inscription cannot be ignored. In addition to the SOL public chain, Inscription and BRC20 may become important hot spots in the market.
Let’s dive into a few important projects in BRC20:
Sats: As a supporter of Ordi, it has a market value of 1 billion and is regarded as a leading project.
Ordi: BRC20’s Ordinals protocol project also has a market value of 1 billion.
BTCs: As a small pie project, it gives people who have missed BTC an opportunity. The market value is small but of great significance.
Insc: regarded as the origin of inscriptions, its value may be even greater when full-chain inscriptions come online.
Just for the BRC20 subset, its market value may reach 30% to 50% of BTC, or even equal to that of BTC. This means that the market value of the BRC20 subset will reach hundreds of billions of dollars, while its current market value is less than 10 billion. Therefore, even the most conservative estimate shows that BRC20 has room for a hundredfold growth.
At the same time, Inscription Ecology will also be subdivided into two major sections: IP effects and basic applications, as well as platforms. Among them, the IP effect may occupy 10% to 20% of the market share, while basic applications and platforms occupy a larger share and are more explosive. It is expected that the market value of the IP sector will exceed 100 to 200 billion. Currently, it is only 2 billion. It is evident that there is room for a hundredfold growth.
Despite market fluctuations, Inscription Ecosystem and the BRC20 subset still have huge potential and opportunities. Investors should keep up with market trends, seize opportunities, and grow with the market.
Finally, what Lao Lin wants to say is that there are still many things that have not been expressed, and it is not possible to understand everything through just one article. You can continue to pay attention to Lao Lin, and let us create glory together in the new round of bull market!#BRC20铭文 #Web3 #ORDI #JUP #link $ORDI $DIA $ACA
