Bitcoin inscription is a hot topic at the moment. Inscription is a new method of writing arbitrary data on the Bitcoin blockchain. Projects related to Bitcoin inscription infrastructure cover wallets, cross-chains, trading markets, Foundry tools, data & query and other tracks, thus derived a lot of Bitcoin Inscription Coin. After the price of Bitcoin Inscription Coin ORDI coin soared, investors turned their attention to Bitcoin Ecological Inscription and wanted to know about Bitcoin Ecological Inscription Which coins have potential? Investing can make investors profitable. According to current data analysis, potential coins are mainly ORDI, SATS, STX, RATS, and ATOM coins. The editor will explain them in detail below.
According to current data analysis, the main potential Bitcoin ecological inscription coins are ORDI, SATS, STX, RATS, and ATOM coins. The following is a detailed introduction to the currencies:
ORDI’s current circulating market value is US$1.614 billion. On March 8, 2023, anonymous developer @domodata launched the BRC-20 inscription protocol based on the Ordinals protocol and successfully deployed the experimental token ORDI. This was also the first BRC20Token to be deployed.
After the minting of ORDI is completed on March 9, the cost of each ORDI (including 1,000 coins) will be between 2 and 3 US dollars. Based on the current price of one ORDI being US$50, the price of one ORDI is US$50,000. Subsequently, the value of ORDI continued to rise, especially after being listed on Binance, and its price once soared by more than 700%.
The circulating market value of SATS is currently US$1.613 billion. As a BRC-20 token based on the Bitcoin network, SATS is created based on the Ordinals protocol. It was released on March 9, 2023, and was named after "Satoshi", the smallest unit in Bitcoin, which represents respect to Bitcoin.
SATS was originally created for entertainment and was viewed as a meme, but later gradually showed the success that the cryptocurrency community can achieve by jointly participating and exploring blockchain technology, attracting many investors and traders’ attention. It has also become very popular in the BRC ecosystem.
Currently, some key data points for SATS are as follows: the total supply is 2,100 trillion SATS; the number of holding addresses exceeds 37,430; the total number of transactions exceeds 21,425,690. Judging from the on-chain data, SATS’s acquisition funds are very strong. In less than a day after Binance went online, its chips increased by 19.17%, worth approximately US$200 million. Although it has risen 143%, it has not yet seen a significant decline.
The current circulating market value of STX is US$1.513 billion. Stacks is a layer-2 (L2) platform based on Bitcoin, and STX is the native token of Stacks. STX tokens have multiple uses such as staking, governance, smart contracts, and value transfer. Stacks is both a protocol anchored on the Bitcoin blockchain and an independent protocol. It executes smart contracts on the Bitcoin blockchain by introducing the smart contract language Clarity and the virtual machine SVM (Stacks Virtual Machine). Through the application of the "PoX" (Proof of Transfer, proof of transfer) consensus mechanism, the Stacks protocol helps the Bitcoin blockchain expand and opens up new possibilities for applications such as DeFi and NFT. This innovative platform greatly expands the application areas of Bitcoin.
In addition, Stacks also introduced sBTC, which is linked to Bitcoin, which defines a decentralized "hang-in" and "hang-out" system, allowing the Stacks network to write to Bitcoin, which is decentralized. Streamlined communications and stronger security create a pipeline to port Bitcoin to a system with greater utility. A key difference between sBTC and wBTC is that the latter is operated by a custodian entity, while Stacks claims that sBTC operates completely on its own and is protected by the security infrastructure of both systems.
RATS currently has a circulating market value of US$370 million. RATS is a BRC-20 token created through the Ordinals protocol. It is a unique meme token inspired by mice. Represents one of the most prolific mammals on earth. Unlike many tokens aimed at achieving major achievements in the blockchain ecosystem or the crypto-asset market as a whole, RATS is a meme token created for entertainment purposes.
The success of meme tokens often happens when people come together to have fun and explore blockchain technology, so much of RATS’s success can be attributed to the enthusiasm of its community. RATS has become a symbol of this spirit and has an increasing number of supporters. RATS's token economics will be launched on March 11, 2023, and will be fully circulated on November 5, 2023
ATOM's current circulating market value is US$283 million. ATOM is a token based on the ARC-20 standard of the Bitcoin blockchain and belongs to the Atomics protocol. The Atomics protocol is a mechanism for creating, transferring, and updating NFTs on the UTXO (Unspent Transaction Output) blockchain.
The protocol solves the long-standing problem of representing arbitrary fungible token assets on the Bitcoin blockchain by permanently binding each token unit to a Satoshi. This means that each ATOM token can never be worth less than 1 Satoshi. ARC-20 tokens can be minted by anyone and transferred to any Bitcoin address. The ARC-20 token standard uses Satoshi to represent units of ownership, ensuring that the token has a minimum value of 1 Satoshi.
Bitcoin inscriptions have certain investment value. Inscriptions are very similar to NFTs. They meet more of not functional needs, but humanistic needs, similar to cultural and creative products or works of art. The consensus on artworks is very scattered. For example, even if it is a work written by a so-called well-known calligrapher named by the Calligraphy Association, most people will not find it of much value. Moreover, the liquidity of artworks is relatively poor, and it is easy for them to become expensive but not marketable.
The supply of Bitcoin Inscriptions is limited. According to the design of Bitcoin Inscription, only 21 million Bitcoin Inscriptions will be mined. Currently, more than 18 million Bitcoin inscriptions have been mined. This means that the supply of Bitcoin Inscriptions will become increasingly scarce, which may cause the price to rise. If you believe that the supply of Bitcoin Inscription will become increasingly scarce, then it has investment value.
Bitcoin Inscription is a global currency. It can be used anywhere and transactions are very fast. This makes Bitcoin Inscription a global payment method with great potential. If you believe that Bitcoin Inscription will become a mainstream payment method in the future, then it has investment value.
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