BRC-20 tokens are a new type of fungible token minted directly on the Bitcoin base layer, made possible by the emergence of Ordinal Theory. They are similar to ERC-20 tokens on Ethereum, but they are immutable and cannot be modified.
The top 3 BRC-20 tokens by market capitalization as of July 2023 are:
- Ordinals (ORDI): The first BRC-20 token, ORDI is a meme coin that has seen significant growth in recent months. It has a market capitalization of $143 million.
- VMPX: VMPX will serve as a bridge liquidity token, connecting the Bitcoin and Ethereum/X1 blockchains. It exists as a BRC-20 token on the Bitcoin side and as an ERC-20 token on the Ethereum side, both having a total supply of 108,624,000 tokens. It has a market capitalization of $5.8 million.
- PIZA: The $piza coin is based on the BRC20 and was created in March 2023. By April 30th, 2023, all $piza coin had been minted. The $piza is a memecoin with no intrinsic value or expected financial return and is purely for entertainment purposes. It has a market capitalization of $773k.
Other BRC-20 tokens to watch in the coming month include:
- PepeBRC: A meme coin based on the popular Pepe the Frog meme.
- Wojak Coin: A meme coin based on the Wojak meme.
- CNCL: A token that gives holders access to new projects on the Toshipad launchpad.
The BRC-20 token market is still in its early stages, but it has the potential to grow significantly in the future. These are just a few of the many BRC-20 tokens that are available, and it will be interesting to see which ones emerge as the most popular in the coming months.
It is important to note that BRC-20 tokens are a high-risk investment. The market is volatile, and there is no guarantee that any particular token will succeed. However, the potential rewards are also high, and BRC-20 tokens could be a good way to get exposure to the Bitcoin ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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