BRC20 based on the ordinals inscription has been on the market for quite some time, with ups and downs. The leading $ordi once rushed to nearly 30U, but what followed was not a rapid rise, but a continuous decline.
On October 31, the brc20-swap mainnet was launched, using the BRC20 token sats as gas, almost giving up the leading ordi. Although the increase in sats is still not large, the total market value is close to ordi.
Regarding the future of BRC20, I can say that there is almost no future for three main reasons:
1. The design is too weird and too regressive. Almost no exchange is willing to list it. I know several big guys who listed BRC20 and they said they were cheated!
2. As we all know, technology in the cryptocurrency world is almost unimportant. What’s important is fomo and CX. Now BRC20 has no fomo sentiment at all. The bigwigs in the cryptocurrency world look at BRC20 like the Vatican looks at pagans!
3. Domestic reasons
Therefore, I personally think that BRC20 has no future. What do you think? #BTC #ordi #sats #BRC20
