I minted sats in July and made a simple tutorial and sent it to the group. The minting cost was about 0.4U per piece at that time. If converted to U, the cost of one sats in July was 0.000000004U. As of November 11, 2023, the price of one sats is 0.00000013U, so it has increased by more than 30 times.
Why do you pay attention to sats? Actually, at the same time as sats, there were also other popular variants such as oxbt and orc20, but I only played sats.
There are three reasons. The first reason is luck. We know that the smallest unit of Bitcoin is Satoshi. Around 2020, I used an app called Faucet. This app can be used to order takeout, shop on Taobao, etc. After each consumption, the app will return some Satoshi to you. When you accumulate a certain amount of Satoshi, you can withdraw the coins to your wallet. This app gave me the first understanding of Satoshi. SATs just correspond to Satoshi, so my good impression of SATs comes from here.
The second reason is that the data of sats is OK. In July, I noticed that the number of sats holding addresses exceeded that of BRC20 leader ordi, which is a signal. And the total amount of sats is 210 trillion, and the FDV was only about 8 million U at that time, while ordi's FDV was 140 million U, so the multiples of sats and ordi differ by more than 17 times, so sats seems to be underestimated. In addition, the handling fee of inscriptions has gradually fallen in July, which is a time worth intervening.
The third reason is that Sats is expected to be listed on a major exchange. Before buying a coin, you must see the long-term impact of the coin. Sats and ordi are both brc20, both are fairly distributed, and have no VC. First of all, the reason why ordi is so popular is largely because ordi has the advantage of combining its name with the brand-new ordinarys protocol (although brc20 is only a part of ordinarys, which will not be expanded here). Sats has the advantage of combining its name with the minimum value unit of Bitcoin. So from the perspective of naming, Sats' hype advantage is not low. Secondly, OK had already listed on ordi at that time, but Binance did not take any action on the ordinarys ecosystem. Binance's failure to list is a potential expectation. By the way, this year many people think that Binance can't keep up with the market rhythm, and OK has taken positive actions. In fact, I think that at Binance's current position, the primary task is no longer to take the lead in the market at every step, but to focus on steady development. The current OK is a bit like Binance in 2019-2020, and it urgently needs to keep up with the times in order to seize market share. In the Bitcoin ecosystem, Binance's currencies are basically only side chains, such as stx, rif, etc. The Bitcoin ecosystem is much more than just sidechains, there are also RGB, ordinarys, taproot, etc. So the answer is obvious, as long as a viable ecosystem (not just popular once, but able to recover from the trough and continue to be popular) appears, Binance will definitely be on the list.
