SATS Coin is an innovation on the Bitcoin blockchain, becoming the first native inscription project. Allows users to permanently etch unique data, including images and text, onto a single Satoshi (sats), the smallest unit of Bitcoin. As the SATS coin develops and attracts more attention, its value is also rising. , the current price has reached US$0.00063. With such an upward trend, will the SATS coin rise to US$1 in 2024? There was also a heated discussion, and most of them believed that the probability of 1 dollar was still relatively small. The editor will explain it in detail below.
According to the opinions of analysts in the circle, the probability of SATS currency rising to US$1 in 2024 is small. However, the value of SATS coins is likely to increase by 669.83% before the end of this year, reaching a maximum price of $0.0013. It is predicted that the value of SATS coins may increase by 501.85% in 2035, reaching $0.001017. However, due to the unpredictability of the market, it is important to conduct thorough research before investing in a specific project, network or asset.
SATS is a BRC-20 token in tribute to satoshi. SATS is the abbreviation of satoshi, which represents the smallest unit of Bitcoin, that is, one satoshi is equal to 0.00000001 BTC. It should be noted that SATS is a meme token issued by an anonymous team. 1000SATS is equivalent to 1000 times of SATS.
SATS is the chosen son of the Bitcoin main chain, with a unique name and number. It took 7 months to be born, and the long casting process has been carried out 21 million times on the chain, making its birth process legendary. It is the first time that people can find an intuitive emotional carrier on the Bitcoin main chain to commemorate Satoshi Nakamoto, a god destined to be recorded in human history.
SATS, as an emerging blockchain asset, brings new uses to the Bitcoin network and increases the diversity and playability of Bitcoin. Currently, SATS and other BRC-20 tokens have been listed on multiple cryptocurrency exchanges such as Gate and Binance, increasing their liquidity and market acceptance.
SATS holds a unique position in the cryptocurrency world with a wide range of potential uses and scalability. Although SATS as a token meme was created just for fun, the concept actually attracted a lot of attention. With its unique concept, impressive price growth, and growing community, SATS demonstrates what the cryptocurrency world can offer its users with fun and profitable opportunities.
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There are two main ways to purchase SATS coins, namely on-chain purchase and exchange purchase:
1. On-chain purchase
SATS and rats both belong to the Bitcoin inscription. It is the inscription on the BRC-20 chain. The easiest way to buy inscription coins currently is through Ouyi’s WEB3 wallet. For details, please refer to rats’ purchase method
2, exchange purchase
Currently sats has been listed on many major exchanges, including OKX, Binance, Huobi, Gate.io, Bitget, KuCoin, etc. 26 of them. The following is a tutorial for purchasing on OKX exchange:
1. Click here to open On the official website of OKX Exchange, enter your email address on the homepage and click "Register"
4. Enter the six-digit verification code received on your mobile phone. It is also valid for 10 minutes
5. Select your country/region of residence and check the terms of service. "Risk and Compliance Disclosure" and Privacy Policy and Statement
#6. Create a password that must be 8-32 characters in length, 1 lowercase letter, 1 uppercase letter , 1 number, 1 symbol, such as: !@ # $ % and other conditions
7. Click "User Center" ” Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)
8. You need to have USDT before making transactions, which can be purchased at C2C To trade coins, select the appropriate merchant according to your needs, click "Purchase", then make payment according to the prompts and wait for the merchant to release the coins (if you do not receive the currency for a long time, you can contact customer service for processing)
9. Click "Transaction" on the homepage to enter the transaction page.
10. Search Enter SATS in the box and select the SATS/USDT trading pair. You can see the real-time SATS market price
11. Enter the amount of SATS to buy and click Buy SATS
SATS is the BRC-20 token standard based on the Bitcoin network. It utilizes the ordinal protocol to implement its functions. Although Ordinals and Inscriptions are technically innovative, they also face challenges, such as Bitcoin network congestion and transaction fees rise. The limitation of smart contract functions is also a challenge, but it is expected that in the future there will be soft forks that introduce cryptographic contracts to realize smart contract upgrades. In general, it is recommended that everyone should not blindly follow the trend when choosing SATS currency investment, but should follow the current market trend. analyze.
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