Top 6 BRC 20 Tokens That Could Make Big Profits in 2024
The Bitcoin-related token, especially the BRC 20 token ORDI, has been going up a lot. ORDIs 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? Lets take a look at this article in more detail.
Before understanding what are BRC 20 tokens it is necessary to understand Bitcoin Ordinals.
Lets 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 thats 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 dont need additional solutions or changes to the Bitcoin protocol, and theyre 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 doesnt 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 Bitcoins smallest unit, the Satoshi, and its among the popular BRC 20 tokens. SATS is closely tied to the positive outlook on Bitcoin.
When Bitcoins price goes up, many BRC 20-related tokens, including SATS, also tend to increase. Even though SATS is a fraction compared to Bitcoins 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, the price of Satoshi stands at $0.0000003034, accompanied by a 24-hour trading volume of $47.25 Million. The market cap for Satoshi is at $636.885 Million. Over the past 24 hours, the SATS price has witnessed a 3.37% increase.
Satoshi attained its highest recorded price on Dec 26, 2023, reaching an all-time high of $0.0000009287. Conversely, its lowest price was registered on Oct 9, 2023, touching an all-time low of $0.000000007053.
As for circulating supply, Satoshi currently has 155.98 trillion SATS out of a maximum supply of 2,100.00 trillion SATS. In terms of market cap rankings, Satoshi holds the top position in the Proof-of-Work Coins sector and also secures the leading spot in the Layer 1 sector.
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 today, the price of Rats is $0.0001507, accompanied by a 24-hour trading volume of $34.75 Million. The market cap for Rats is currently at $149.99 Million. Over the past 24 hours, the RATS price has experienced a notable increase of 10.05%.
Rats achieved its highest recorded price on Dec 15, 2023, reaching an all-time high of $0.0006274. Unfortunately, specific details about its all-time low is $0.00005027 which occurred on Nov 30, 2023.
Regarding market cap rankings, Rats is presently positioned at #2668 in the Meme Coins sector and holds the 12th spot in the Bitcoin (BRC20) Tokens sector.
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 Multibit price is $0.03512, with a 24-hour trading volume of $4.682 Million. Over the last 24 hours, Multibit has seen an increase of 0.01%. The current CoinMarketCap ranking for Multibit is #660, with a live market cap of $33,380,049. It has a circulating supply of 950,000,000 MUBI coins and a maximum supply of 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.
As of now, the live Dovi(Ordinals) price is $0.08586, accompanied by a 24-hour trading volume of $41,707. Over the last 24 hours, Dovi(Ordinals) has experienced a decrease of 3.15%. The current CoinMarketCap ranking for Dovi(Ordinals) is #4089, with a live market cap of $1,320,483. The maximum circulating supply is 15,000,000 DOVI.
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 Levins first principles it wasnt pre-mined, the founder didnt 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 VMPXs 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 live VMPX (Ordinals) price is $0.02004, with a 24-hour trading volume of $326,944. VMPX (Ordinals) has experienced a 3.72% increase in the last 24 hours. The current CoinMarketCap ranking for VMPX (Ordinals) is #3145, and the live market cap is $2,187,647. The maximum circulating supply is 108,624,000 VMPX
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 live ORDI price is $35.75, with a 24-hour trading volume of $115,327,565. ORDI has experienced a 3.97% increase in the last 24 hours. The current CoinMarketCap ranking for ORDI is #86, and the live market cap is $750,849,010. It has a circulating supply of 21,000,000 ORDI coins and a maximum supply of 21,000,000 ORDI coins. Keep in mind that cryptocurrency prices are subject to frequent fluctuations, and the provided data may change rapidly.
Read more: https://cryptoticker.io/en/top-6-brc-20-tokens
Text source: CryptoTicker
