The first BRC20 ORDI increased by 1428 times

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18 Jan 2024

In the past few days, the BRC20 track has become popular again.
Ordi, the first token of BRC20, was listed on Binance today, sparking a wave of discussions about BRC20, and many people are ready to take action.
Another brc20 sats casting gas fee is about 2u, and at least 100 million can be minted. The current floor price is 0.00000013u. If you remove 1 zero when it rises, it will be 10 times.
Part of brc20 gains
What is BRC20?
BRC20 is an experimental standard for minting tokens on the Bitcoin chain. The inscription is minted on each satoshi through the Ordinals protocol (satoshi is the smallest unit of Bitcoin, 1 satoshi is 0.00000001btc), fair casting, first come first served .
As long as someone deploys a certain token on the Bitcoin chain, other users can mint it according to the standard; if the hand speed is slow or the network card does not mint successfully, gas will not be refunded.
For example, the first token of the Ordinals protocol, $ordi, was deployed by Twitter influencer @domodata in March this year. Subsequently, 21 million ordi were quickly minted.
The current price of the ordi token is US$10, and it once rose to US$40 in over-the-counter transactions. If 1,000 pieces were minted at the gas price of about $7 at the time, the current increase would be as high as 1,428 times!
The first brc20 token ordi
The total number of sats, which has been very popular recently, is 2100 trillion, and the number of held addresses is 38,112.
At present, sats are only circulating in the primary market and have not yet been listed on the exchange. You can buy and check the price in unisat and okx ordinals markets. For example, the floor price is 50 billion sats with a pending order of 0.19395 BTC, which is more than 6,700 US dollars.
Like most MEME tokens, sats have no specific value, just user FOMO emotions. The consensus is driving the price up, but it is unknown how long it can continue to rise.
Sats was empowered some time ago, and the BRC20 casting platform unisat uses sats as gas and reward for platform consumption, which has given a certain boost to sats.
sats increase fluctuation k line
Some people say that the high rise in sats is due to marketing promotion. Although the tokens are launched fairly, there are also whale wallets and large investors competing for the right time to mint.
The TOP10 currency-holding addresses hold a total of 7.38% of the tokens, and the largest household holds 22,651 trillion sats, which is converted into a current market price of more than 2.7 million US dollars.
Just like the violent rise of Shib during the bull market, the rise of Sats in recent days has also been very out of the circle.
However, due to the high threshold for casting and purchasing, you need to have a BTC wallet, and purchasing in the primary market is only played by some insiders, and only a small number of players who pay attention to the BRC20 track.
SATs has accumulated more than 850 BTC transactions
How to participate in BRC20?
The first ordinals protocol ORDI has been online for 8 months. Although it was once out of the circle, it is still only a game participated by a small number of people. The floor price has also risen and fallen several times, once rising to 40 US dollars.
I listed on Binance today. I wonder if it will break through the previous high?
Currently, sats can only be purchased in the primary market, through the unisat or ordinals market, but the price of the pending order varies. When purchasing, you have to bear the gas fee that continues to float on the chain, and BTC is used as the handling fee.
In the past two days, sats has been out of the fomo circle and has already removed a zero. For new players, there may be risks of taking over orders. For users involved in new casting, it is just the right time to ship.
ORDI current price $13
What are the risks and opportunities of BRC20?
Risks come with opportunities. If you can participate in the casting in the early stage, you will undoubtedly be the winner now and enjoy thousands of times of benefits. For example, ORDI, early players will gain huge benefits.
If you buy a meme with excessive fomo now, you may get stuck.
BRC20 may have many opportunities, because of fair launch, there is no mouse barn, it just depends on who can operate faster. If you can grasp the initial casting, you only need to spend gas, the investment cost is extremely low, and 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 returned 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.
A large number of unfinished brc20
Only a few tokens at the top of the track have FOMO, and the more brc20 tokens are uninterested and have only the fate of returning to zero. Once the heat is over, no one will speculate, and the market will subside.
MEME has no specific value or application. Even shib, which was so out of the circle at the time, is almost silent now after a burst of noise. It can only wait for the next marketing push, or it will continue to return to zero.
For players who started with Shib at 4 zeros at that time, and now with 5 Zero Shibs, it is still far away when they will go to zero.
BRC20
Pay attention to BRC20, if the ambush is successful, it will indeed be a huge opportunity;
But there is also a group of friends who invested hundreds of dollars to play dozens of brc20, but there is still no sign of taking off. I don’t know if it has returned to zero or is waiting in the distance. Risks and returns grow simultaneously.
The above is just my personal opinion, no investment advice. I am Chuxiaolian, and I am paying attention to the encryption market and web3.

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Brc20
Ordi
Ordinal

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