What are the mainstream Bitcoin inscriptions? How to seize the next 100x MEME token

Recently, Bitcoin inscription tokens have become popular again. In addition to Bitcoin ecological inscription tokens, some inscription tokens have also begun to appear on other public chains, forming an inscription craze. So what are the mainstream Bitcoin inscription tokens worth paying attention to? In addition, most of the inscription tokens currently have no practical value and are meme tokens. So how to invest in these inscription tokens?

Inventory of Bitcoin's mainstream inscription tokens

ordi

The Ordinals protocol is a system for numbering Satoshi (the smallest unit of Bitcoin, 1 BTC = 100 million Satoshi), numbering them according to the order in which they are mined, and tracking them in transactions, so that the numbered Satoshi becomes unique Satoshi, rather than homogeneous. At the same time, Satoshi are transferred from transaction input to transaction output on a first-in-first-out basis. Both the numbering scheme and the transfer (transaction) scheme are order-dependent, the numbering scheme depends on the order in which Satoshi are mined, and the transfer scheme depends on the order of transaction inputs and outputs. Therefore, this scheme is named the Ordinals protocol. The total number of Ordinals is 21 million.

sats

The total amount of Sats is 21 trillion. The minting started on March 9, 2023. By September 24, the minting progress of sats reached 100%, which took a total of 6 months. The total number of minting times reached 21,107,258 times, and the number of holders reached 36,061. It has the same concept as the smallest unit of BTC, and will be used as the Gas and trading pair of L2 brc20-swap launched by Unisat.

UniSat Wallet stated that brc20-swap will charge a 0.3% service fee to all users participating in the transaction, of which approximately 1/6 (0.05%) will be collected by UniSat, and the remaining 5/6 (0.25%) will be distributed to all liquidity providers of each trading pair. This fee structure is mainly based on the rate standard currently used by UniSwap.

rats

The total number of rats is 1 trillion, which is the leading meme token of the zoo concept, with a total of 1 million pieces, each with 1,000,000 pieces. Affected by the recent influx of funds from the track, the current transaction volume of the token on the chain has skyrocketed, becoming the second largest transaction volume token on the BRC 20 track chain.

pipe

The pipe protocol is a UTXO token protocol based on BTC, and its first token is pipe. Ordinals founder Cayse issued the Runes protocol to solve the dust attack of BRC20. Pipe is the first protocol token based on Runes. It perfectly inherits the UTXO anti-double-spending characteristics of Bitcoin, solves the problem of Ordinals repeatedly engraving causing congestion on the BTC chain, greatly improves work efficiency, and saves transfer costs. Pipe is not a BRC20 token and can only be traded over the counter. The pipe token on the unisat market is not a pipe protocol. The total number of Pipe tokens is 21 million.

Atom

Atom is the first protocol token on the Atomicals protocol, and it was mined in about 5 hours. $Atom needs to be mined through the computer CPU, and the local environment needs to be installed and configured. It has a higher technical threshold than mining BRC-20 tokens, and it is also fairer to a certain extent. At the bottom level, Atomicals Protocol has several important differences compared to Ordinals: Atomicals is minted and propagated based on BTC's UTXO, 1 token = 1 sat, which is more in line with Bitcoin technology; in contrast, Ordinals itself does not have a coin issuance protocol, but when the Atomicals protocol was launched, the ARC-20 token standard and many other use cases had been defined.

Other BRC20 tokens

Other Bitcoin inscription tokens with large market capitalizations include RDEX and BTCs. RDEX is a meme token that uses the BRC-20 standard, with a total supply of 100 million and a circulation rate of 100%. BTCs was born relative to the Ethereum inscription ETHs, with a total of 21,000 pieces, 1,000 pieces each, or 21 million BTCs.

How to invest in Inscription Tokens?

At present, the inscription assets are actually very similar to the meme hype. Based on past experience, some methods are also worth learning from. For example, by tracking community participation and measuring market sentiment to predict price trends : Google Trends is one of the common ways to measure the market's interest in a certain topic, and Twitter sentiment indicators help measure the sentiment of market participants and can sometimes become leading indicators. In addition, the number of MEME project currency addresses and the number of MEME project Twitter followers are also very important indicators of concern.

In addition, investors can also grasp some characteristics of potential MEME tokens to increase the success rate of investment. Meme tokens generally have a small market value , because it is not easy to manipulate the market to soar if the market value is too large (for example, DOGE, SHIB, and PEOPLE did not have a large market value at the beginning); MEME tokens need to have a certain narrative consensus value , such as ORDI as the first inscription asset has a certain narrative value; there are exchanges paying attention and listing, and exchanges are a very important force in the crypto market. Their promotion of MEME tokens cannot be underestimated, such as the recent Rats token.

How do crypto market bigwigs view the hype of inscription tokens? In addition to the above rules, this article further summarizes the views of some crypto bigwigs for reference only.

How to choose inscription token investment? @Chris_Defi tweeted: 1) Holders, the number of holders, currently sats is up to 40K+, followed by bitmap with 25K; I think the holding safety threshold of new minting projects is 4K+; 2) Vol trading volume, new projects with an average daily trading volume of more than 25BTC have something; 3) New things with high slippage and poor experience, emotions are so high, funds are so fomo, just go for it; 4) BRC 20 is currently pure air, air has investment value, projects with roadmaps, expectations and institutions are all garbage in the bull market; 5) Instead of analyzing value investment, it is more reliable to look at metaphysics, ordi, sats, rats, bear, frog, all are top-level eight-character wealth patterns, time, place and people are indispensable; 6) Good projects do not mean good prices, good prices will definitely have good projects; 7) Don't ignore NFTs on BTC, there will definitely be air pictures that surpass BAYC.

How to choose a Fomo object? William Chen (@William11Chan) tweeted: Ordi is popular again today. I dug out a lot of BRC20 coins that I bought because of FOMO at the beginning of the year, and found that almost all of them ended up with zero. Think about it, if you bought an Ordi when the Fomo was terrible, although you might not make money, at least it would not go to zero. Think about the past few years, because a star project made a track popular, you went to FOMO to do a lot of things, and it seems that the ending is the same. Whether it is the meme of the zoo era, the NFT of the Tugou era, the various plants of the DeFi era, etc.... In fact, they are all the same. Perhaps for most people, if you Fomo a track that you have never stepped into, it may be best to directly buy the star project that is so popular that you fomo.

Summarize

Combined with the previous experience of Meme token speculation, there may be several Meme tokens with strong consensus in the future. If investors can grasp them correctly, they may bring huge wealth. However, inscription tokens are still in their early stages and their future risks are also great. Since inscriptions are very easy to mint, the cost is only to write information into the blockchain, which will generate a large number of worthless tokens; it can be said that there are only pure speculation opportunities at present, and the risk is higher than that of altcoins, so investors should still be cautious.