BRC-20 tokens on the Bitcoin blockchain have attracted a lot of interest and recognition in the global community of cryptocurrencies. As we head into 2024, we need to investigate the leading BRC-20 tokens that are causing a stir in the cryptocurrency market. This article aims to shed light on the most notable BRC-20 tokens, along with information about their market capitalization, values, and importance within the larger blockchain ecosystem.
What Are BRC-20 Tokens?
Tokens that implement the BRC-20 open standard on the Bitcoin blockchain are recognized as BRC-20 tokens. Developers can make up a broad spectrum of the best and original decentralized applications (DApps) by this unified standard. We will discuss the top tokens that have lately become more well-known and provide an extensive list of BRC-20 tokens as we go deeper into the world of tokens.
The strategy of selecting the best BRC-20 tokens entails looking at a few parameters including market capitalization, usability, level of community involvement, and potential of growth. The aim of digging into this data is to determine the most lucrative BRC-20 token that the crypto community and investors should not overlook. This article will span BRC-20 coins from the well-known to the emerging stars.
1. Ordinals (ORDI)
Discover the world of ORDI, a revolutionary BRC-20 token that debuted in January 2023 on the cryptocurrency stage. With its smooth representation of a variety of digital assets, such as appealing artwork, eye-catching profile images, interactive applications, and even playable games, this adaptable token has captured the attention of both investors and followers. The foundation for ORDI is the novel Ordinals protocol, a decentralized system that makes it possible to store digital artifacts securely on the Bitcoin blockchain.
In recent months, ORDI has experienced a surge because of the introduction of the revolutionary BRC-20 token standard. By using the same innovative protocol as Ordinals, this fungible token standard has completely changed the process of creating meme tokens on the Bitcoin network.
Current Price $24.98
Market Cap $524 million
Circulating Supply 21 million ORDI
Max Supply 21 million ORDI
Vol (24H $338 million
Change (7D) +20%
The price of ORDI has stayed almost unchanged since it launched earlier this year. However, since November 2023 began, things have significantly improved.
Since November 1, 2023, the price of ORDI has increased by over 400%, and in the last 30 days alone, it has increased by around 675%.
The ORDI is trading well above all of the Fibonacci pivot points as well as its 50- and 200-day EMAs. As a result, the price of the ORDI is currently trading very close to its all-time highs, and this rally may continue in the future.
2. SATS
SATS is a well-known BRC-20 token in the cryptocurrency space, valued for its distinct features and role in the blockchain network. SATS uses the strong infrastructure and security features of the Bitcoin network to run its operations.
The usefulness and applications of SATS are noteworthy. It functions as a fundamental component of decentralized finance (DeFi) networks, enabling a range of features like yield farming, liquidity provision, and decentralized exchanges (DEXs). Additionally, SATS is essential to governance mechanisms in particular DeFi protocols, enabling holders to take part in decision-making.
The token’s integration into numerous blockchain applications and participation in cutting-edge DeFi projects are the main reasons for its appeal. Due to its usefulness in decentralized applications and its role in determining the direction of decentralized finance, SATS has drawn attention for its potential to drastically alter the financial landscape.
Current Price $0.00000019
Market Cap $465 million (unverified)
Circulating Supply 2100 trillion SATS (self-reported)
Max Supply 2100 trillion SATS
Vol (24H) $19.2 million
Change (7D) +83%
Since the start of November 2023, the SATS price has increased during the last two weeks, just as the ORDI pricing that was previously examined.
Since November 1, 2023, the price of SATS has increased by 833%, and in the last 30 days, it has increased by an incredible 900%.
The price of SATS is far higher than its 50-day EMA and higher than all of the Fibonacci pivot points. If this pattern continues, a further rise toward its all-time high is expected.
3. WOJAK
WOJAK is a prominent BRC-20 token in the cryptocurrency market that is valued for its distinct qualities and utility in the blockchain sector. Because of its unique utility and compatibility with both decentralized finance (DeFi) and decentralized apps (dApps), this token has attracted interest. A key function of WOJAK is to enable different features of these platforms, such as yield farming, liquidity provision, and governance systems.
Its participation in meme culture and its portrayal in the cryptocurrency community are two noteworthy factors adding to WOJAK’s relevance. In the world of BRC-20 tokens, WOJAK is unique and has become more well-known as a token connected to digital culture and internet memes.
Current Price $0.000136
Market Cap $10.3 million (unverified)
Circulating Supply 69.42 billion WOJAK (self-reported)
Max Supply 69.42 billion WOJAK
Vol (24H) $2 million
Change (7D) -1%
4. B20 By ALEX (B20)
B20 by ALEX is a decentralized exchange (DEX) dedicated to trading various BRC-20 tokens as well as all other upcoming Bitcoin L1 tokens. In addition, B20 claims to provide the security of Bitcoin’s foundation layer with an interactive trading experience similar to other well-known centralized exchanges.
The goal of DEX B20 is to bring the BRC-20 tokens’ distributed liquidity together. These BRC-20-compliant tokens are becoming more and more popular, but it’s getting harder for new users to take part. It makes an effort to achieve this by handling each transaction simultaneously on a different later and settling them all. This method reduces the load on the Bitcoin network while ensuring that trading occurs at a faster rate. Lending and borrowing services are among the various Decentralized Finance (DeFi) functionalities that B20 provides.
Current Price $0.15
Market Cap $3 million
Circulating Supply 21 million B20
Max Supply 21 million B20
Vol (24H) $53,000
Change (7D) +24%
B20, the native cryptocurrency token of Alex, has very little trading activity despite having a $3 million market capitalization. At the time of writing this article, the 24-hour trading volume was only $53,000.
5. MEME
This memecoin, which was introduced in March 2023, is built on the BRC-20 environment. Because of Ethereum’s excessive transaction costs and network congestion problems, BRC-20 has emerged as one of the most popular locations for users to manufacture additional meme coins. The website of this project claims that it is the first meme coin on Bitcoin and the second BRC-20 project ever! It is based on the very popular internet meme!
Current Price $55.6
Market Cap $5.2 million
Circulating Supply 99,999 MEME
Max Supply 99,999 MEME
Vol (24H) $53,000
Change (7D) +24%
Conclusion
Although the top BRC 20 tokens have a variety of features and accurately depict the market, it’s important to keep in mind that the BRC 20 sector is still very young and is changing quickly over time. Therefore it is recommended to do your research before investing.
