BRC-20 price

BRC-20 market price

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

39,760 tokens

All

Hot

In progress

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

like	$0.{5}7078 0.006800 Sats	$0.00 0.00	$4,810.4 0.07642	1000.00M	100.00%	174	62
celo	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	1000.00M	1.21%	25	-
ankr	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	10.00B	5.67%	94	-
aaaa	$0.0001041 0.10000 Sats	$0.00 0.00	$5,653.43 0.08981	100.00M	100.00%	216	58
lion	$0.001561 1.5 Sats	$157,295.52 1.59	$1.28M 20.28	100.00M	100.00%	749	2,678
girl	$0.008150 7.83 Sats	$0.00 0.00	$23.77 0.0003777	3.80B	1.48%	104	2
ipad	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	100.00M	0.32%	14	-
mayc	$0.5204 500 Sats	$0.00 0.00	$23,511.92 0.3735	20,000	100.00%	550	199
bbbb	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	0.00%	86	-
rose	$1,040.89 1,000,000 Sats	$0.00 0.00	$0.00 0.00	100.00M	0.01%	22	-
musk	$0.002605 2.5 Sats	$0.00 0.00	$2,835.96 0.04505	694.20B	0.00%	312	17
seed	$0.002394 2.3 Sats	$48,225.66 0.4850	$314,366.13 4.99	21.00M	100.00%	492	488
test	$28.2 27,092 Sats	$0.00 0.00	$0.00 0.00	400	100.00%	85	-
nike	$0.004944 4.75 Sats	$103,615.37 0.9954	$15,110.82 0.2400	21.00M	100.00%	1,706	164
boss	$0.003227 3.1 Sats	$63,881.48 0.6525	$31,102.57 0.4941	21.00M	100.00%	538	271
cool	$0.002602 2.5 Sats	$0.00 0.00	$398,362.37 6.33	21.00M	100.00%	608	489
bird	$0.003851 3.7 Sats	$76,312.03 0.7776	$1.10M 17.49	21.00M	100.00%	408	742
life	$0.002498 2.4 Sats	$52,051.14 0.5278	$79.63 0.001265	21.00M	100.00%	898	287
iron	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	3.56%	38	-
jeep	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	1.29%	23	-
city	$0.001218 1.17 Sats	$25,522.1 0.2452	$0.00 0.00	21.00M	100.00%	916	203
loot	$0.1436 138 Sats	$0.00 0.00	$5,859.57 0.09308	1,000,000	100.00%	461	70
Zogi	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	1.07%	25	-
jpeg	$0.01249 12 Sats	$259,685.69 2.58	$2.07M 32.87	21.00M	100.00%	931	1,642
wgmi	$0.005100 4.9 Sats	$0.00 0.00	$33,987.66 0.5399	21.00M	100.00%	535	230
rice	$0.03123 30 Sats	$0.00 0.00	$819.1 0.01301	21.00M	100.00%	172	7
gmgn	$0.007191 6.9 Sats	$0.00 0.00	$13,974.57 0.2220	21.00M	100.00%	669	78
1024	$0.02998 28.8 Sats	$0.00 0.00	$77,100.72 1.22	10.24M	100.00%	274	92
toro	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	10,000	100.00%	26	-
dyor	$0.004684 4.5 Sats	$0.00 0.00	$60,060.14 0.9541	21.00M	100.00%	728	210
dumb	$0.001978 1.9 Sats	$0.00 0.00	$3,254.35 0.05170	21.00M	100.00%	254	40
0002	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	2.00M	0.11%	8	-
btfd	$0.004679 4.49 Sats	$0.00 0.00	$100,884.06 1.6	21.00M	100.00%	327	333
euro	$0.{4}2605 0.02500 Sats	$26,030.03 0.2498	$82,735.23 1.31	1000.00M	100.00%	310	127
dogs	$0.009503 9.13 Sats	$192,042.54 1.92	$3.24M 51.49	21.00M	100.00%	845	2,130
xbtc	$0.01251 12 Sats	$0.00 0.00	$133,706.18 2.12	21.00M	100.00%	326	419
skin	$0.00 0.00 Sats	$0.00 0.00	$0.00 0.00	21.00M	0.60%	12	-
king	$0.003112 2.99 Sats	$0.00 0.00	$43,004.73 0.6832	21.00M	100.00%	1,193	217
fund	$0.005891 5.66 Sats	$0.00 0.00	$145,575.12 2.31	21.00M	100.00%	589	282
9999	$0.{4}8327 0.08000 Sats	$0.00 0.00	$61,870.18 0.9829	1000.00M	100.00%	460	271
text	$0.003643 3.5 Sats	$0.00 0.00	$2,535.77 0.04028	21.00M	100.00%	266	38
bags	$0.6120 588 Sats	$0.00 0.00	$0.00 0.00	42,069	100.00%	48	-
tick	$60.16 57,800 Sats	$0.00 0.00	$491 0.007800	2,020	100.00%	182	2
xbox	$0.01561 15 Sats	$338,293.47 3.25	$0.00 0.00	21.00M	100.00%	1,071	1,265
rate	$0.1200 115.33 Sats	$0.00 0.00	$0.00 0.00	21.00M	0.52%	13	-
yuan	$0.003123 3 Sats	$0.00 0.00	$0.00 0.00	21.00M	15.85%	85	-
mars	$0.04059 39 Sats	$774,863.03 8.22	$197,935.48 3.14	21.00M	100.00%	602	413
cats	$0.0003955 0.3800 Sats	$828,922.9 7.96	$61.44M 976.1	2.10B	100.00%	4,991	22,693
fifa	$1.99 1,910 Sats	$41.69M 400.48	$85,233.19 1.35	21.00M	100.00%	10,753	19,483
farm	$0.004257 4.09 Sats	$81,967.54 0.8622	$2.93M 46.5	21.00M	100.00%	738	1,607

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.