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With the vibrant development of the Bitcoin ecosystem, investors' attitudes toward top cryptocurrencies have become clear. Currently, we are witnessing two competing and evolving directions.
Firstly, let's explore the horizontal inscription field, where major public blockchains are exploring inscription technology. Ethereum's eths, Dogecoin's dogi, Solana's sols, and other public blockchains have utilized inscription technology to achieve their respective innovations and functionalities, attracting widespread attention from developers and users.
Secondly, we focus on the vertical "BTC ecosystem," pioneered by Ordinals and BRC-20, leading the first wave of traffic and wealth accumulation. Currently, dozens of tokens have emerged in the Bitcoin ecosystem. Let's review the top 5 tokens by market capitalization; perhaps the next hundredfold coin is hidden among them!
**SATS**
SATS currently leads in market capitalization, with a circulating market cap of $1.6 billion, making it the leader in the Bitcoin ecosystem (data source: Gate). This BRC-20 token, based on the Bitcoin network, was created using the Ordinals protocol and officially debuted on March 9, 2023. SATS is named after the smallest unit in Bitcoin, "Satoshi," paying deep respect to Bitcoin.
Even though SATS has relatively lower trading volume compared to ORDI, its chips are more evenly distributed. On-chain data shows strong buying funds. Within a day of listing on Binance, SATS attracted 19.17% of chips, totaling approximately $200 million. Despite a 143% increase, a significant drop has not occurred.
It's noteworthy that a considerable number of early high-profit SATS chips are not easily sold. Among the top 10 addresses, 7 are personal addresses, with the largest individual holding 150 trillion SATS, valued at $7.2 million. The largest player who once owned 650 trillion SATS sold all after Binance's listing, making a profit of $36 million.
**STX (Stacks)**
Stacks (STX) is indeed a Layer 2 platform built on the Bitcoin blockchain. STX is designed to provide smart contract functionality to the Bitcoin ecosystem, extending the utility of Bitcoin. Stacks achieves this goal by introducing a smart contract language called "Clarity," while maintaining consistency with Bitcoin's security and decentralization features.
Regarding STX's circulating market cap and position in the Bitcoin ecosystem rankings, this information may change over time. As of my knowledge cutoff date in January 2022, I do not have direct real-time market data. I recommend checking the latest cryptocurrency market data sources or professional financial news websites for the most up-to-date information on STX.
The concept of sBTC (Stacks Bitcoin) involves creating a token tied to Bitcoin on the Stacks network. Such tokens are often called "wrapped" or "pegged" tokens. By "anchoring" Bitcoin to sBTC on the Stacks network, users can leverage Bitcoin for more functionalities on Stacks, such as participating in DeFi projects and executing smart contracts. This mechanism typically involves users locking Bitcoin in a multi-signature address and generating an equivalent amount of sBTC on the Stacks network.
**ORDI**
As of March 9, ORDI has completed minting, and the production cost of one ORDI (containing 1,000 coins) is only $2 to $3. Calculated at the current market price of $50 per ORDI, the market value of one ORDI has rapidly risen to $50,000. What's more exciting is that after listing on Binance, the price of ORDI experienced a surge of over 700%. Over 10 months, for investors who held and didn't sell, the current price calculation indicates a staggering 20,000-fold increase, becoming a remarkable investment experience.
With the continued rise in the value of ORDI, there is a natural interest in its future performance. However, determining whether a cryptocurrency project can sustainably set new records and become a shining star in the Bitcoin ecosystem requires close attention.
**RATS**
RATS currently ranks 4th in the Bitcoin ecosystem, with a circulating market cap of $314 million. Created by the Ordinals protocol, RATS is a BRC-20 token that stands out as a meme token, featuring a mouse design. Unlike other tokens aiming for achievements in the blockchain ecosystem or the entire cryptocurrency market, RATS was created purely for entertainment, representing a new category of meme tokens.
Typically, the success of meme tokens relies on the community's enthusiasm, collectively exploring and entertaining blockchain technology. Therefore, RATS's success is largely attributed to the enthusiastic support of its community. Recently, RATS successfully landed on a certain exchange, although only the contract was launched, not the spot. Analysts believe that launching the spot on the exchange may lead to several major holders withdrawing funds, causing a significant impact on the exchange and token price. Therefore, before launching the spot, the exchange might conduct extensive wash trading to diversify chips.
After learning about the possibility of a short on RATS by the exchange, the community quickly initiated a "Coin Circle Game Station" replica, calling for joint efforts to push the main force to the limit. This indicates that RATS has an increasingly large and dedicated supporter base, considered one of the most steadfast tokens in the ZG community. Whether this game can ignite a new trend and become a market focus is worth close attention.
**MUBI**
MUBI currently ranks 5th in the Bitcoin ecosystem, with a circulating market |
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Post time 23-12-2023 21:00:24