/ Explore the top 5 BRC 20 tokens for 2024 – MUBI, SATS, RATS, PEPE, and ORDI. Gain insights into their growth, prices, and potential.
Author: Nilesh Hembade.
Updated on: 26 Dec 2023, 10:21 PM IST
Introduction:
As we are moving into the new year, the party has already started for BRC-20 tokens. Yes, the top BRC-20 tokens like ORDI, SATS, and MUBI are touching highs day by day. Investors are increasingly curious about these tokens and their potential as viable investment options. To navigate this exciting landscape, In this article, we’ll be discussing the Top 5 BRC 20 Tokens.
What are BRC-20 Tokens?
BRC-20 tokens offer a distinctive approach to creating fungible tokens directly on the Bitcoin network. Unlike other token standards relying on smart contracts, BRC-20 stores script files on Bitcoin, linking tokens to specific satoshis. Using ordered labels with JSON data, BRC-20 tokens simplify the creation, generation, and movement of tokens.
Top 5 BRC 20 Tokens That You Can Consider Adding to Your Portfolio:
1) Multibit (MUBI):
Multibit (MUBI) is a BRC-20 token bridge platform facilitating seamless token transfers between the Bitcoin blockchain and Ethereum Virtual Machine (EVM) networks. Launched in November, MUBI has shown remarkable growth, gaining over +1067% in the last 30 days, with a current trading price of $0.2653 and a market cap of $252 million.
2) SATS Ordinals (SATS):
SATS, a meme coin centered around Bitcoin’s smallest unit, the Satoshi, stands out among popular BRC-20 tokens. Its value often correlates with Bitcoin’s positive outlook, making it a promising investment. In the last 7 days, SATS has surged by +21.60%, currently trading at $0.000000886 with a market cap of $1.8 billion.
3) RATS Ordinals (RATS):
RATS is a unique animal-themed meme token adhering to the BRC-20 standard. Deployed swiftly on November 5, 2023, RATS showcases rapid progress. With a remarkable gain of +36.65% in the last 7 days, RATS is currently trading at $0.0004222, boasting a market cap of $416 million.
4) SATS (1000SATS):
SATS is a BRC-20 token that pays homage to satoshi. SATS is the abbreviation for satoshi, the smallest unit of Bitcoin. One satoshi equals to 0.00000001 BTC. Please note that the token is a meme token and is inscribed by an anonymous team. 1000SATS is 1000 times of SATS.
The price of 1000SATS is up by +22.77% to $0.0009 in last 7 days with the marketcap of $1.8Billion.
5) Ordinals (ORDI):
ORDI serves as a systematic numbering system for satoshis, providing a way to track and move individual units of Bitcoin. With a gain of over +255.63% in the last 30 days, ORDI trades at $77.32, boasting a market cap of $1.6 billion.
How to Buy BRC-20 Tokens?
For those looking to enter the BRC-20 token market, centralized exchanges like MEXC, Gate.io, and Poloniex provide a straightforward avenue for purchasing these tokens.
As BRC-20 tokens continue to capture the spotlight, these top 5 tokens – MUBI, SATS, RATS, PEPE, and ORDI – showcase promising potential for investors seeking diversified opportunities in the cryptocurrency space in 2024. Always conduct thorough research and consider consulting with financial experts before making investment decisions.