The Bitcoin-related token, especially the BRC-20 token ORDI, has been going up a lot. ORDI’s price went up by over 500% in one month. But not everyone can make big profits by buying low and selling high. This article is all about the top 6 BRC-20 tokens that might have the same potential as ORDI, giving you a chance for big returns. Should you invest in these coins before Bitcoin Halving? Let’s take a look at this article in more detail.
Top 6 BRC-20 tokens: What Are Bitcoin Ordinals?
Before understanding what are BRC- 20 tokens it is necessary to understand Bitcoin Ordinals.
Let’s start with a quick explanation of ordinals. Ordinals help put data into individual satoshis on Bitcoin by assigning a unique number to each satoshi through a logical ordering system called an ordinal theory. Once that’s done, any type of data can be added to each satoshi, like pictures, videos, audio, text, or even entire applications.
In the context of BRC-20 tokens, they are essentially these ordered inscriptions with a specific type of text embedded in them. This text provides a set of rules and specifications for creating and managing the tokens. While putting text on Bitcoin has been a popular early use for Bitcoin NFTs (Non-Fungible Tokens), as the technology develops, new ways to use it may emerge over time.
Ordinals have made it possible to create NFTs (Non-Fungible Tokens) that are fully native to Bitcoin. These NFTs don’t need additional solutions or changes to the Bitcoin protocol, and they’re compatible with the existing network. The use of ordinal inscriptions gained popularity because it provides a quick and effective way to store unchangeable information on the Bitcoin blockchain.
Top 6 BRC-20 tokens: What are BRC-20 tokens?
BRC-20 tokens are a unique way of making fungible tokens directly on the Bitcoin network. Unlike common token standards on blockchains using smart contracts, BRC-20 doesn’t rely on smart contracts. Instead, it lets users store a script file on Bitcoin, allowing them to link tokens to specific satoshis. BRC-20 tokens use ordered labels to include JSON data, making it possible for users to easily create, generate, and move these tokens.
BRC-20 is a new way of making tokens for Bitcoin, invented by a Twitter user named @domodata in March 2023. With this token standard, we use ordered labels on JSON data, which makes it simple to create token contracts, make new tokens, and move them around easily. These tokens have advantages like being easy to trade, and secure, and they work well with the Bitcoin system.
Bitcoin halving is a scheduled event that happens roughly every four years, decreasing the speed at which new Bitcoins are created. This occurrence has consistently influenced the price and overall dynamics of Bitcoin. BRC-20 holds the promise of building on the positive outcomes of Bitcoin halving by bringing in fresh possibilities for tokenization, liquidity, and innovation within the Bitcoin ecosystem.
Top 6 BRC 20 Tokens
1. SATS Ordinals (SATS)
SATS is a meme coin that revolves around Bitcoin’s smallest unit, the Satoshi, and it’s among the popular BRC-20 tokens. SATS is closely tied to the positive outlook on Bitcoin.
When Bitcoin’s price goes up, many BRC-20-related tokens, including SATS, also tend to increase. Even though SATS is a fraction compared to Bitcoin’s actual value, it still has significant potential for impressive returns. The project boasts over 36,000 SATS holders, making it a promising venture, as stated on their website.
As of today, SATS (Ordinals) is priced at $0.0000006001, and it has a 24-hour trading volume of $99.83 million. The market cap and market dominance information are currently unavailable. Over the past 24 hours, SATS (Ordinals) has seen a 28.53% increase in price.
The highest price for SATS (Ordinals) was recorded on December 14, 2023, reaching an all-time high of $0.0₆6499. The lowest price is not available, but since its all-time high, it experienced a cycle low of $0.0₆5854. The highest price since the last cycle low was $0.0₆6020.
The current sentiment for SATS (Ordinals) price prediction is bullish, and the Fear & Greed Index is indicating a value of 72, which corresponds to a state of Greed.
2. RATS Ordinals (RATS)
RATS is a unique animal-themed meme token on the Bitcoin network, and it 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 quick development. Additionally, the BRC-20 token standard, which underpins RATS, brings an element of scarcity and uniqueness to this meme coin. Unlike typical tokens, RATS is produced, moved, and stored using Bitcoin, enhancing its scarcity and suggesting potential long-term value.
As of now, the live price of RATS (Ordinals) is USD 0.000243, and the 24-hour trading volume is USD 108,448,538. The price is updated in real-time, and in the past 24 hours, RATS (Ordinals) has seen a significant increase of 75.98%. Its current ranking on CoinMarketCap is #2216, and the live market cap information is not available at the moment. The circulating supply is also not specified, but the maximum supply of RATS coins is set at 1,000,000,000,000 RATS.
3.Multibit (MUBI)
MultiBit is a pioneering dual-sided bridge created to facilitate effortless transfers between BRC20 and ERC20 tokens, bridging the gap between different blockchain networks. By enhancing liquidity for these tokens, MultiBit promotes cross-chain interoperability. The primary mission is straightforward: to boost liquidity and accessibility for both BRC and ERC tokens in a secure and user-friendly fashion.
MultiBit (MUBI) serves as a BRC-20 token bridge platform, enabling users to smoothly transfer tokens between the Bitcoin blockchain and various Ethereum Virtual Machine (EVM) networks. This functionality facilitates seamless movement and interoperability of tokens across different blockchain ecosystems.
As of now, the live price of Multibit (MUBI) is USD 0.158348, and the 24-hour trading volume is USD 39,746,953. The price is updated in real-time, and in the past 24 hours, Multibit has experienced a significant increase of 50.40%. Its current ranking on CoinMarketCap is #268, with a live market cap of USD 150,430,430. There are 950,000,000 MUBI coins in circulation, and the maximum supply is capped at 1,000,000,000 MUBI coins.
4. Dovi(Ordinals)
Dovi is a community-driven Bitcoin Layer 2 solution, serving as an EVM-compatible smart contract platform. This innovative platform is strategically designed to address key challenges in the blockchain space, focusing on improving scalability, minimizing fees, and cultivating a more secure and decentralized financial ecosystem.
Dovi brings forth several advantages, including efficient transaction processing, a substantial reduction in network fees, the implementation of a safer consensus mechanism, and the establishment of a scalable second-layer network. By combining these features, Dovi aims to contribute to the ongoing evolution of blockchain technology, making it more accessible, efficient, and secure for users within its community.
The current price of Dovi(Ordinals) is USD 1.20, and in the last 24 hours, its value has increased by 69.65%. The total trading volume during this period is USD 8,412,540. Dovi(Ordinals) is currently ranked #2252 on CoinMarketCap, with a live market cap that’s not provided. The circulating supply and the maximum supply of DOVI coins are not available, but the maximum supply is 15,000,000 DOVI coins.
5. VMPX Ordinals (VMPX)
VMPX Coin, a BRC-20 token created by Jack Levin, the founder of XEN crypto, became available on May 7th. What sets VMPX Coin apart is that it follows Jack Levin’s “first principles” – it wasn’t pre-mined, the founder didn’t get any special allocation, and the code cannot be changed.
This unique feature positions VMPX Coin as a potential investment asset, competing with other BRC-20 tokens. The expected surge associated with ordinals could contribute to VMPX’s value increase. Moreover, the well-known reputation of Jack Levin in the crypto space adds a strong brand identity to the VMPX token.
As of now, the current price of VMPX (Ordinals) is USD 0.088991, and it has experienced a 35.45% increase in the past 24 hours. The 24-hour trading volume is USD 2,505,425. VMPX (Ordinals) holds the #2321 ranking on CoinMarketCap, and its live market cap is not available at the moment. The circulating supply and the maximum supply are also not available, but the maximum supply is capped at 108,624,000 VMPX coins.
6. Ordinals (ORDI)
Ordinals serve as a systematic numbering system for satoshis, offering a way to track and move individual units of Bitcoin. These numerical labels, known as ordinal numbers, are assigned based on the order in which satoshis are mined and then moved from transaction inputs to outputs, following a first-in-first-out principle. You can read more about ORDI price here.
The term “ordinals” comes from the emphasis on maintaining order in both the numbering and transfer processes. 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 USD 55.19, and there has been a 14.45% increase in the last 24 hours. The 24-hour trading volume is USD 637,592,716. ORDI is currently ranked #59 on CoinMarketCap, with a live market cap of USD 1,159,075,275. There are 21,000,000 ORDI coins in circulation, and the maximum supply is capped at 21,000,000 ORDI coins.
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