Top 3 BRC-20 Tokens to Eye Before the Bull Run
So, do you know those BRC-20 tokens? Yeah, theyre like these cool Bitcoin blockchain tokens made using the Ordinals protocol. People are really digging them in the crypto scene cause theyve got some neat perks. Anyway, check out these top 3 BRC-20 tokens to eye before the bull run.
Top 3 BRC-20 Tokens
So, youve got these BRC-20 tokens, right? Whats cool about them is that, unlike some other token standards that need all these complicated smart contracts, BRC-20 keeps it easy-peasy with a simplified tokenization process. Its like the difference between trying to decipher a cryptic puzzle and just cruising through with a straightforward plan. Easy to use and no headache involved!
1. LeverFi (LEVER)
LeverFis price today is $0.001728, with a 24-hour trading volume of $324.06M. Its market cap stands at $49.92M, with no market dominance. LEVER price increased by 13.31% in the last 24 hours.
The highest LeverFi reached was $0.005087 on Dec 12, 2022, while its lowest was $0.000818 on Aug 17, 2023. Since its all-time high, the lowest price hit again was $0.000818, and the highest post-cycle low was $0.003169. Market sentiment is bullish, with a Fear & Greed Index at 72 (Greed).
Currently, 28.89B LEVER tokens are in circulation out of a max supply of 35.00B. Yearly supply inflation stands at 109.62%, resulting in 15.11B LEVER created last year.
So, check it out, LeverFi runs on this fancy setup of smart contracts over on the Ethereum network. Its like this whole interconnected system with different parts doing different jobs to make trading smooth and safe for folks like you and me.
First up, you got the Collateral Manager, which is like the guardian of all the assets traders put up as collateral. Its pretty slick because it can bundle different types of assets together into one big collateral basket, giving traders more flexibility to take out bigger loans.
Then theres the Trading Manager. This ones all about getting the best deals for you. It routes trade requests through decentralized exchanges to snag the sweetest rates and keeps tabs on all the trades happening.
Next in line is the Lending Manager. Its in charge of all the assets used for leveraged trades, keeping track of who puts in what and making sure everythings stored safely in lending pools. Plus, its got this cool feature where it calculates borrowing fees based on a utilization rate curve, so you can maximize your earnings.
Last but not least, weve got the Risk Manager. This ones like the safety net of the whole operation. It keeps an eye on the risks involved with loan-to-value collateral and steps in to liquidate assets if things start looking dicey, all to prevent any major losses.
So yeah, LeverFis got all these parts working together like a well-oiled machine to keep everything running smoothly and securely.
2. Ordinals (ORDI)
Today, Ordinals is trading at $70.25, with a 24-hour trading volume hitting $960.67M. Its market cap stands at $1.48B, with a market dominance of 0.08%. Over the last 24 hours, the ORDI price increased by 2.56%.
The highest price for Ordinals was reached on Jan 2, 2024, hitting an all-time high of $91.87. As for the lowest price, its not available, but since its all-time high, the lowest price recorded was $48.98 (cycle low), while the highest post-cycle low price was $73.35 (cycle high). The market sentiment for Ordinals is currently bullish, with a Fear & Greed Index at 72 (Greed).
Currently, there are 21.00 million ORDI tokens in circulation out of a max supply of 21.00 million. Ordinals holds the top spot in the Bitcoin (BRC20) Tokens sector in terms of market cap.
Alright, so lets talk about ordinals. Theyre like this neat numbering system for satoshis, which are basically the teeny units of Bitcoin. Think of them as little labels that help keep track of each individual bit of Bitcoin as it moves around.
Now, these ordinal numbers arent just randomly assigned. They follow a specific order based on when satoshis are mined and then shuffled around in transactions. Its kind of like lining up at a buffet first in, first out.
And get this ordinals arent just for Bitcoin. Nope, they can be linked up with other stuff too, like NFTs, security tokens, accounts, or stablecoins. Its all about keeping things organized and making sure everything has its place.
3. Multibit (MUBI)
Today, Multibit is trading at $0.103872, with a 24-hour trading volume hitting $10.57M. Its market cap stands at $98.68M, with a market dominance of 0.01%. Over the last 24 hours, the MUBI price has increased by 9.41%.
The highest price Multibit has reached was on Dec 16, 2023, hitting an all-time high of $0.373810. As for the lowest price, its not available, but since its all-time high, the lowest price recorded was $0.077654 (cycle low), while the highest post-cycle low price was $0.107599 (cycle high). The market sentiment for Multibit is currently bullish, with a Fear & Greed Index at 72 (Greed).
Currently, there are 950.00 million MUBI tokens in circulation out of a max supply of 1.00 billion.
Check out MultiBit its like this game-changing bridge that links up BRC20 and ERC20 tokens, making it super easy to transfer between different blockchain networks. Its all about breaking down barriers and boosting liquidity for these tokens, promoting smooth sailing between different blockchain worlds.
The mission is pretty straightforward: make it easy for folks to access and trade both BRC and ERC tokens in a secure and user-friendly way. With MultiBit (MUBI), you can hop between the Bitcoin blockchain and various Ethereum Virtual Machine (EVM) networks without breaking a sweat. Its all about seamless movement and interoperability, making life easier for everyone in the crypto space.
Buy BRC- 20 Tokens with Bitget with the CHEAPEST Fees
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Read more: https://cryptoticker.io/en/top-3-brc-20-tokens-bull-run/
Text source: CryptoTicker
