What is the latest situation in the BRC-20 tokens, which are popular with crypto investors and reach serious prices?
The process, which started with the Ordinals protocol stepping into the Bitcoin network in January of 2023, extended to the BRC-20 token frenzy. In the early stages of the protocol, the popularity of Ordinals NFTs, which were processed on “satoshis”, the smallest unit of Bitcoin, had gradually increased.
In the last 1 month period, tokens have started to be produced by including texts on satoshis. BRC-20 tokens, which are powered by the security of the Bitcoin network, have attracted all the attention with their recent rise. Some of the prominent names of these tokens were PEPE, ORDI, OG, NALS, PIZA, MEME, ELON, B, SHIB and MOON.
Beginning of BRC-20 Current
The BRC-20 stream first made a name for itself when the Ordinals protocol came to the fore. The day-to-day prominence of Ordinals NFTs has brought other tokens in the BRC-20 to the fore. The fact that Ordinals is gradually moving itself to higher levels both in terms of token value and NFT value has attracted the attention of investors. Then, the crypto investor, who researched the tokens in the BRC-20, turned to many tokens. Another candidate for the summit among these tokens was PEPE.
The frenzy of PEPE spread BRC-20 to the entire crypto market. PEPE, which has increased by 7,000 percent in the last 30 days, is still one of the leading roles in the BRC-20 trend. PEPE, which is also listed on major exchanges, appealed to larger audiences and gave confidence to investors. Collecting most of the volume in the crypto market, PEPE has made the BRC-20 frenzy even more valuable. After PEPE, dozens of BRC-20 tokens showed serious pricing within hours.
The latest event that shook the agenda about PEPE came from Elon Musk. Musk, the owner of Twitter and Tesla, was showing himself with memecoin shares in the past. When Musk came to support the frenzy that PEPE caught, PEPE had reached twice its price again that day. The BRC-20 trend, which became more active after this move of Musk, has officially proven that it has started.
How does it continue?
BRC-20 tokens, which are gaining in volume with PEPE’s occasional spike, are performing weaker than last week. The dominance of the sellers in PEPE, the negative news flow in the market, the pressures of the regulators, and the BRC-20 tokens were also affected by this situation. BRC-20 tokens backed by PEPE and ORDI have a current market value of 497,803 million dollars. At the same time, the last 24-hour trading volume of BRC-20 tokens is worth $206 million.
ORDI holds the top position in the list of 24,677 BRC-20 tokens. ORDI, which has a market value of 342,467 million dollars, is currently trading at 16.31 dollars. With a recent one-day trading volume of $197.88 million, ORDI is defined as the main token that sustains the BRC-20 frenzy.
VMPX, which comes in second place, is currently worth $0.17. With a market value of $ 18.84 million, VMPX continues to make a name for itself with its stock market listings. The crypto investor, which focuses on BRC-20 tokens that have not been priced yet, continues to follow VMPX carefully.
When we consider PEPE, it ranks third with a market value of $15 million. PEPE, which finds buyers at $ 0.36, is the most active cryptocurrency among the BRC-20 tokens. PEPE, which gained 7,000 percent from its launch until this time, was able to introduce itself to people who do not know about the crypto industry after this rise.
Continuing the BRC-20 trend, led by PEPE and ORDI, is still in higher volume. BRC-20 tokens, which also take the wind of social media behind them, also show a successful performance in attracting outside investors. In the BRC-20 tokens, which are followed with interest by many investors, especially PEPE and ORDI are closely examined by looking at many data.
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