BRC-20, an innovative token standard, facilitates the creation and exchange of fungible tokens through the Ordinals protocol on the Bitcoin blockchain. Inspired by Ethereum’s ERC-20, BRC-20 tokens encompass a variety of mechanisms, marking a significant advancement in the cryptocurrency landscape.
Here is a list of the top 10 BRC-20 tokens:
1. ORDI ( ORDI)
ORDI is currently experiencing retracement on a very bullish trend. In December, three white soldiers pushed above the significant high of $27.500. Immediately after the surge in price, the market entered a phase of consolidation till the 25th of December. The Upthrust experienced on the 25th deposited a region of inefficiency. The current lethargic gyration of the price has filled the inefficiency and dipped into the demand zone of 57.40. The Bulls are likely to utilize the opportunity to shoot the price to $110.000
METRICS Current price: $54.42 24-hour trading volume: $404.8M 24 gain or loss: -4.22% Circulating supply: 21M ORDI Market capitalization: $1B Total supply: 21M ORDI
2. SATS (1000SATS)
1000SATS is currently on a downward trend. The downward trend was established at the break of the low of $0.0006 on the 8th of January. The downward trend is guided by a bearish trendline towards $0.0003.
METRICS
Current price: $0.0004268 24-hour trading volume:$81M 24 gain or loss: -9.15% Circulating supply: 2.1T SATS Market capitalization:$896M Total supply: 2.1T SATS
3. Multibit (MUBI)
MUBI is currently stuck in a range. The Average Directional Index (ADX) reveals the prevailing consolidation in the market. The continuous tangle of the MA (Moving Average) strings (Periods 9 and 21) shows the tussle between the buyers and sellers. The price currently sinks towards the demand level of $0.108. Bulls are expected to regain momentum at the demand zone.
METRICS
Current price: $0.1388 24-hour trading volume: $13M 24 gain or loss: -3.08% Circulating supply: 950M MUBI Market capitalization: $132M Total supply: 1B MUBI
4. SATS (SATS)
SATS recently dived below the Moving Average Cross (Periods 9 and 21). The crash in price on the 3rd of January initiated the pull towards the region of market inefficiency. The speed of price delivery on the 12th of December created a market imbalance. The market is expected to resume its ascent upon filling the FVG (Fair Value Gap).
METRICS
Current price: $0.04191 24-hour trading volume: $41.5M 24 gain or loss: -9.39% Circulating supply: 2.10 Quintillion SATS Market capitalization:$882M Total supply: 2.10 Quintillion SATS
5. rats (rats)
A bullish flag currently describes rats price action. Shortly after a volatile pump in price in December, the price action takes on a gentle sloping downtrend. The gyration after the impulsive motion in price has formed a bearish channel. A bullish breakout from the channel is expected to sweep the previous high of $0.00045.
METRICS
Current price:$0.0002127 24-hour trading volume: $26.70M 24 gain or loss: 1.17% Circulating supply: 1T rats Market capitalization: $214M Total supply: 1T rats
6. Mice (MICE)
MICE is currently on a steep downward trend. A pullback was witnessed in early January. The price ascended into a fair value gap to mitigate a bearish order block in the premium region of the bearish swing. This fostered a bearish displacement back to the demand level of $0.01250. The demand level is expected to break as the downward trend persists.
METRICS
Current price: $0.01405 24-hour trading volume: $5M 24 gain or loss: -4.85% Circulating supply: 1B MICE Market capitalization: $14M Total supply: 1B MICE
7. BRC20.com (.COM)
The Stochastic indicator shows that .COM price is currently oversold. This is due to the persistent downtrend that followed the swing high formation of $7.00 in December. The market is in deep discount. Buying pressure is expected to resume shortly as traders would see to take advantage of the dip.
METRICS
Current price: $2.06 24-hour trading volume: $5.4M 24 gain or loss: 14.44% Circulating supply: 21M .COM Market capitalization: $41M Total supply: 21M .COM
8. Bitcoin Cats (1CAT)
Bears continue to drive the price into the mud. A bearish breakout has successfully played out from a descending triangle on the daily chart. Bulls defended the support level of $0.0060 since the first test on the 3rd of January. The persistence of sellers has finally broken through the support level.
METRICS
Current price: $0.004992 24-hour trading volume: $4M 24 gain or loss: 0.41% Circulating supply: 5B 1CAT Market capitalization: $24.8M Total supply: 5B 1CAT
9. MMSS (MMSS)
MMSS is currently in a correction phase. The price witnessed an impulsive displacement on the 27th of December. The current correction phase seems to fill the region of an imbalance created by the sudden pump in its price.
METRICS
Current price: $0.4687 24-hour trading volume: $4.6m 24 gain or loss: 6.61% Circulating supply: 21m MMSS Market capitalization: $10m Total supply: 21m MMSS
10. TurtSat (TURT)
TURT is currently on a downward trend as seen on the Relative Strength Index (RSI). The Parabolic SAR (Stop and Reverse) indicator also shows points above the most recent daily candles to reveal the price decent. The demand zone of $0.019 is just about to be broken on the daily chart.
METRICS
Current price: $0.01961 24-hour trading volume: $3.6M 24 gain or loss: 1.54% Circulating supply: 950 TURT Market capitalization: $18.5M Total supply: 21m 950 TURT
NOTE: Despite a surge in the popularity of BRC-20 in early 2023, it is crucial to note that they remain experimental, prompting users to approach them cautiously.
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