BRC-20 price

BRC-20 market price

Q: What is BRC-20?

Brief description of BRC-20 Standard: BRC-20 is an experimental standard showcasing the creation of fungible tokens on Bitcoin's Layer 1. This innovative approach employs ordinal theory and inscriptions to emulate fungibility. , Historical context: Originating from a playful Dune dashboard concept and inspired by .sats names, BRC-20 tokens were introduced in March 2023. Since their inception, they have constituted about 3% of all Bitcoin transactions, gathered a user base of 250,000, and achieved over $150 million in on-chain and $3 billion in off-chain volume.

Q: What are the key features of BRC-20？

Primary Function: BRC-20 facilitates the creation, minting, and transaction of fungible tokens on the Bitcoin blockchain. , Interoperability: The BRC-20 standard naturally integrates with ordinal and inscription systems. Currently, it can interface with other Bitcoin standards and Layer 1 blockchains, including Ethereum, Stacks, and more, through bridging, vaulting, or wrapping. The modular approach proposed here aims to further simplify this process and pave the way for integration with systems like the Lightning Network. , Security measures: Operating on Bitcoin's Layer 1, BRC-20 tokens inherit its proven security mechanisms. Specifically, double spend is prevented by binding transferable balances to a single satoshi.

Q: What are the characteristics of BRC-20?

Inspired by composable semi-fungible assets; Prioritizes simplicity in every design decision for easy comprehension; Accessible to anyone with a Bitcoin wallet using inscription tools; Integrates the Bitcoin principle of first come first served, ensuring a fair and open minting mechanism; Eliminates the need for complex and expensive UTXO management; Implements unique tickers to enhance security and establish a digital namespace; Capable of leveraging PSBTs for trading and other mechanisms; Features an account-based model for flexible use beyond Bitcoin's Layer 1; Bitcoin; Includes a diverse and independent indexing pool.

Q: What are the use cases of BRC-20？

Bullish sentiment: Enthusiasm is returning to the Bitcoin market. , Asset issuance: BRC-20 tokens can serve as digital representations of various assets, rights, or other fungible entities, including stablecoins, utility tokens, and meme-based tokens. , dApp integration: Developers can seamlessly integrate BRC-20 tokens into decentralized applications (dApps) that harness the Bitcoin network. These applications span from yield generation and collateralized loans to staking. , Tokenization: The BRC-20 standard facilitates the tokenization of diverse assets and rights, unlocking a wealth of possibilities, including token-gated communities and DAO voting. , Exchange Mechanism: BRC-20 tokens can be readily traded on Bitcoin's Layer 1 network through various platforms. While currently available via order books, integration into liquidity pool swaps is on the horizon.

Q: How does BRC-20 compare to other standards?

The most widely adopted fungible standard on Bitcoin. Allows interaction without a dedicated wallet feature. Uses inscription tools, requiring only a Bitcoin wallet. , BRC-20's immutable inscriptions offer a distinctive approach compared to mutable smart contracts on other platforms. Its account-based model reduces complexity, making it more cost-effective than UTXO-based fungible token standards that ensure fair mint distributions. , Its simplicity makes it the easiest fungible standard to understand, access, and use on Bitcoin. It achieves legibility without relying on any encoding or hashing system. , Characterized by open and free minting, its distribution ensures provable fairness without prior announcements or pre-mines. Replicating this approach in future standards poses a challenge. The use of exclusive tickers minimizes the risk of scams and misinterpretations. As it doesn't depend on UTXOs, the standard can seamlessly integrate with systems beyond Bitcoin. It avoids reliance on a singular indexing truth; instead, a diverse pool of indexers validates a consistent truth or state.

Q: How can I predict BRC-20 token prices?

There is no definitive way to predict cryptocurrency prices, given their high volatility and susceptibility to a wide range of factors. Analysts employ various methods, including analyzing market trends and sentiment, studying technical charts and indicators, and staying informed about news and developments in the cryptocurrency industry.

Q: Who decides how much a BRC-20 token is worth?

The value of a BRC-20 token is influenced by market supply and demand, the trading behavior of buyers and sellers on different exchanges, and external factors such as news, regulations, and overall market sentiment.

Q: What are the current top BRC-20 tokens?

Currently, the top BRC-20 tokens by market cap are: $ORDI, $SATS, $PEPE, $NALS, $VMPX, $MEME, $OXBT, $SHIB, $DOGE, and $XING.

Q: How can one interpret BRC-20 token prices?

Supply and demand: The fundamental economic principle of supply and demand significantly influences cryptocurrency prices. When there is high demand for a particular cryptocurrency and its supply is limited, the price tends to rise. , Market Sentiment: The overall sentiment of the market can also impact cryptocurrency prices. If investors are bullish, the price will rise; if they are bearish, the price will fall. , Regulation: Government regulations and laws can significantly impact cryptocurrency prices. If a government announces a crackdown on cryptocurrency trading, the price may drop. Conversely, if they announce plans to regulate or legitimize cryptocurrencies, the price may rise. , Media coverage: The media can also have a significant impact on cryptocurrency prices. Positive news coverage tends to boost the crypto price, while negative coverage typically results in a decrease. , Volatility: Cryptocurrency prices can be highly unpredictable, fluctuating dramatically due to factors such as market sentiment, regulations, or investor sentiment. , Adoption: When more businesses, merchants, and individuals accept and trade cryptocurrencies, the crypto price tends to rise.

Q: How to read BRC-20 token prices?

Candlesticks are represented by two distinctive colors — green and red. Each stick has a body where the top wick indicates the highest price of a cryptocurrency during a specific time period, and the bottom wick displays its lowest price during the same period.

About BRC-20 price

Initiated in March 2023 by @domodata, the standard's original documentation and white paper can be accessed here: https://domo-2.gitbook.io/brc-20-experiment/.The BRC-20 token standard utilizes ordinal inscriptions of JSON data for deploying token contracts, minting tokens, and facilitating token transfers.

The price of BRC-20 tokens is influenced by supply and demand on different crypto exchanges, as well as factors like market sentiment, news, announcements, and regulatory changes. Given these variables, the value of BRC-20 tokens can experience significant fluctuations within a short period, making it a highly volatile investment.

BRC-20 ARC-20 Runes

All BRC-20 tokens

39,754 tokens

All

Hot

In progress

Tick	Price	Market cap	Volume (24h)	Supply	Minted	Holders	Transaction

ordi	$24.41 23,332 Sats	$510.80M 4,883.08	$28.45M 452	21.00M	100.00%	26,445	9,795
meme	$13.6 13,000 Sats	$1.36M 12.96	$1.34M 21.23	99,999	100.00%	4,008	2,002
punk	$51.26 49,000 Sats	$514,290.77 4.91	$329,224.86 5.23	10,000	100.00%	2,309	504
pepe	$0.06276 60 Sats	$2.67M 25.5	$4.72M 74.96	42.07M	100.00%	5,414	4,125
BRUH	$0.0001046 0.1000 Sats	$0.00 0.00	$69,084.45 1.1	1000.00M	100.00%	305	116
gold	$20.92 20,000 Sats	$518,868.35 4.83	$147,092.32 2.34	24,000	100.00%	733	239
BAYC	$36.61 35,000 Sats	$0.00 0.00	$117,448.74 1.87	10,000	100.00%	959	340
sats	$0.{6}1255 0.0001200 Sats	$262.71M 2,511.44	$312.73M 4,967.98	2100.00T	100.00%	54,466	87,733
<10K	$37.66 36,000 Sats	$0.00 0.00	$3,485.51 0.05537	9,999	100.00%	497	11
sato	$0.1506 144 Sats	$0.00 0.00	$11,737.88 0.1865	13.37M	100.00%	301	38
fake	$0.01569 15 Sats	$0.00 0.00	$18,174.93 0.2887	21.00M	100.00%	292	33
rare	$0.01151 11 Sats	$210,252.94 2.3	$22,844.14 0.3629	21.00M	100.00%	538	70
doge	$0.{4}7532 0.07200 Sats	$279,112.87 2.67	$1.04M 16.51	1000.00B	0.37%	26,426	4,812
bits	$0.02092 20 Sats	$437,856.1 4.19	$2.83M 44.88	21.00M	100.00%	2,313	1,683
HAMS	$0.0004153 0.3970 Sats	$20,214.42 0.2135	$13,052.51 0.2073	1000.00B	0.00%	4,951	119
coin	$0.04697 44.9 Sats	$939,405.6 9.42	$83,007.2 1.32	21.00M	100.00%	700	104
dick	$0.004707 4.5 Sats	$0.00 0.00	$5,453.12 0.08663	69.70M	100.00%	275	17
wang	$0.09205 88 Sats	$0.00 0.00	$1,314.98 0.02089	21.00M	100.00%	147	7
game	$0.02615 25 Sats	$506,049.73 5.24	$102,140.71 1.62	21.00M	100.00%	498	208
sexy	$0.008682 8.3 Sats	$0.00 0.00	$36,354.58 0.5775	21.00M	100.00%	337	102
usdt	$4.18 4,000 Sats	$19,723.59 0.2130	$353.15 0.005610	1000.00B	0.00%	2,711	16
wbnb	$0.001653 1.58 Sats	$0.00 0.00	$11,036.59 0.1753	100.00M	100.00%	140	28
AGIX	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	100.00%	6	-
lvdi	$0.002615 2.5 Sats	$54,743.64 0.5230	$92,595.67 1.47	21.00M	100.00%	1,936	931
fomo	$36.61 35,000 Sats	$0.00 0.00	$3,557.04 0.05651	9,999	100.00%	100	7
BC1P	$0.001036 0.9900 Sats	$0.00 0.00	$11,642.92 0.1850	21.00M	100.00%	556	69
ABCD	$10.3 9,850 Sats	$39,551.21 0.3742	$9,511.64 0.1511	21.00M	0.01%	1,512	5
8888	$0.01674 16 Sats	$0.00 0.00	$600,662.59 9.54	21.00M	100.00%	587	514
NGMI	$0.006276 6 Sats	$0.00 0.00	$26,130.85 0.4151	21.00M	100.00%	683	95
0000	$1,046.07 1,000,000 Sats	$0.00 0.00	$0.00 0.00	21.00M	0.00%	877	-
NONE	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	0.00%	490	-
CASH	$0.008745 8.36 Sats	$0.00 0.00	$21,997.8 0.3495	21.00M	100.00%	706	87
SBTC	$0.02929 28 Sats	$612,998.54 5.86	$679,404.5 10.79	21.00M	100.00%	1,758	1,485
apes	$0.6266 599 Sats	$0.00 0.00	$2,871.75 0.04562	2.10M	100.00%	120	4
BUSD	$0.008892 8.5 Sats	$0.00 0.00	$0.00 0.00	210000.00T	0.00%	459	-
hunt	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	2,100	100.00%	60	-
coco	$3.14 2,999 Sats	$0.00 0.00	$9,211.05 0.1463	10,000	100.00%	424	54
SHIB	$0.{8}7218 0.{5}6900 Sats	$718,680.27 6.89	$11.79M 187.27	100.00T	100.00%	4,019	5,104
fish	$0.009415 9 Sats	$200,225.38 2	$2.69M 42.79	21.00M	100.00%	1,949	4,447
usdc	$209.21 200,000 Sats	$0.00 0.00	$0.00 0.00	1000.00M	0.01%	740	-
drop	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	0.00%	963	2
bank	$0.007322 7 Sats	$729,760.17 6.98	$2.78M 44.14	100.00M	100.00%	4,435	1,928
0001	$0.01255 12 Sats	$0.00 0.00	$663,059.84 10.53	21.00M	100.00%	1,522	644
defi	$0.006695 6.4 Sats	$127,840.91 1.37	$154,569.66 2.46	21.00M	100.00%	2,595	686
NFTS	$0.{5}1360 0.001300 Sats	$1,809.1 0.01788	$8,601.39 0.1366	210000.00T	0.00%	594	14
baby	$0.{7}2092 0.{4}2000 Sats	$0.00 0.00	$9,395.82 0.1493	420000.00T	0.00%	500	21
hard	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	1,000,000	0.04%	276	-
LOVE	$0.01883 18 Sats	$0.00 0.00	$63,977.97 1.02	21.00M	100.00%	562	153
link	$116.23 111,110 Sats	$0.00 0.00	$0.00 0.00	21.00M	0.01%	320	-
bull	$0.006904 6.6 Sats	$157,525.59 1.47	$585,619.9 9.3	21.00M	100.00%	528	560

FAQ

What is BRC-20?

Brief description of BRC-20 Standard: BRC-20 is an experimental standard showcasing the creation of fungible tokens on Bitcoin's Layer 1. This innovative approach employs ordinal theory and inscriptions to emulate fungibility.

Historical context: Originating from a playful Dune dashboard concept and inspired by .sats names, BRC-20 tokens were introduced in March 2023. Since their inception, they have constituted about 3% of all Bitcoin transactions, gathered a user base of 250,000, and achieved over $150 million in on-chain and $3 billion in off-chain volume.