BRC-20 altcoin projects are setting the Bitcoin ecosystem on fire. Prices have hit the ceiling. You know the technique used as Ordinals inscription. All this happens on the Bitcoin Blockchain. Now this trend is spreading to other Blockchains. Therefore, crypto expert Camille Lemmens from the Altcoinbuzz team takes a look at 7 BRC-20 gems with high potential of 20X.
First ranked altcoin: MultiBit Protocol (MUBI)
MultiBit Protocol provides a bridge between EVM Blockchains, BNB Chain and Bitcoin. EVM allows DeFi protocols to participate in the Bitcoin network. On the other hand, it is possible for Ordinals to bridge Ethereum, BNB, and Polygon. The MultiBit Protocol bridge is double-sided. It is the first bridge to do this for BRC-20 and ERC-20 tokens. MUBI token was launched last month in November. It has increased 1641% since then. The market value, which was 89 million dollars at the beginning of December, increased to 314 million dollars. The current MUBI token price is $0.25.
Ordinals (ORDI) comes in second place
Ordinals are written Satoshis. These are the smallest units of Bitcoin. Once written down, they can become valuable. Right now, BRC-20 gems are through the roof. ORDI token is a meme coin. However, it has the first mover advantage. They were the first written BRC-20 altcoin project. They’ve been flying high since the beginning of this month. ORDI token price increased from $20 to over $50. Its current market cap is over $1 billion. It is the first BRC-20 token to achieve this.
Third altcoin: BitStable Finance (BSSB)
Say hello to DAII developed by BitStable Finance (BSSB). This is the first stablecoin in the BRC-20 ecosystem. For example, it is possible to stake the MUBI token. You will receive BSSB token as reward. You have the opportunity to use this as collateral for DAII. The current price for BSSB token is $5.84. Its market cap rose from $6.6 million to $84 million in less than three weeks. Meanwhile, the ATH of the token was $9.52 on December 19.
We continue the list with TurtSat (TURT) provinces
TurtSat (TURT) is a BRC-20 launch pad. If you stake your TURT tokens, you will receive EGGS token as reward. TURT token price is $0.06928. The altcoin market cap is $65.8 million. At the beginning of December, this figure was only $9 million. TURT price has increased by 1,620% in the last 30 days. This proves once again that this ecosystem is on fire.
Fifth altcoin project: Dova Protocol (DOVA)
Dova Protocol builds a liquidity bridge between the BRC-20 network and the EVM ecosystem. The protocol partners with TurtSat for this. DOVA token already exists. However, both CoinGecko and CoinMarketCap do not list it yet. As a result, we do not have any information about its market value. However, the current DOVA token price is $0.0389.
Chax World (CHAX) also enters the list
Chax Bitcoin is the first platform to bring RWA to the BRC-20 ecosystem. He uses Chamcha for this. There is also a Chamcha bridge between the Bitcoin and EVM ecosystems. This brings together two extremely popular and trending narratives, RWA and BRC-20. Moreover, Chax also offers AI yield farming. Altcoin price is $0.0103. However, no information is available about its market value. Over the last 30 days, the token has increased by 1,220%.
Last ranked altcoin: Ghosty (GHSY)
Ghosty is about privacy in the BRC-20 ecosystem. In other words, it makes your transactions anonymous. No one can track the trades you make in the app. Privacy was another big narrative in 2023 and will be even bigger in 2024. The current GSHY token price is $1.08. The altcoin market cap is $35.7 million. The token entered the market on December 18. It was up 48.5% during that week.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing. We would also like to remind you that the cryptocurrency market is quite risky and volatile.
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