First of all, the first question is why Inscription is so popular now. In fact, the deep reason here is that the big guys found that there is nothing to hype in the market, such as the previous chain games, metaverse, NFT, DeFi, etc., and Arbitrum in Layer2 has been hyped during the airdrop in the first half of the year. After that, the chains such as Sui are not very powerful. Starknet and zksync do not issue coins, but just keep PUA, so they must find a new target. This is the premise. So what target is more suitable? Inscription only appeared in March and April this year. It was popular in the early days, but it encountered a decline after June, so it could not continue. It happened that the main force also took this opportunity to collect some low-priced chips, which was also an opportunity given by the market. In August and September, the chips were basically collected. Then in October, when the market picked up again, they seized this opportunity and various benefits began to appear.
If we review the history of inscriptions from their birth to their current popularity, we will find that each stage is very regular. The popularity and coldness at the right time have led to the main force's thorough cleaning of the market. In addition, the grasp of the market trend is also very good. Therefore, we believe that this inscription hype must be presided over by several big players, and its scale will definitely not be too low.
So are these other chains worth participating in? The main ideas for choosing a chain are as follows:
1. BTC and its forked chains, such as BCH and BSV, use similar and identical technologies to BTC, and it is also easy to make inscriptions.
2. Ethereum's competing chains have backgrounds, such as the chains BSC and OKChain created by exchanges, or the more well-known AVAX, Polygon, Fantom, etc. These chains themselves have considerable market capitalizations and certain backgrounds, so when the inscriptions come, you should decisively participate.
3. The cosmos ecosystem and its chains are based on the money-making effects of these chains before.
4. Layer2 chain is relatively worse, but there are still certain opportunities.
5. Those with strong communities, such as RATS.
As for other third- and fourth-tier chains, we mainly look at their historical hype. For example, for chains like EOS or IOST, we can actually consider buying new ones based on the inscriptions on their chains instead of taking over the shares, because the wealth effect on them is relatively weak, and it is not easy for retail investors to make money. Otherwise, if everyone makes money, then who is responsible for losing money?
So how do you choose the inscription?
First of all, we must give priority to the first well-known inscription on the chain, which I believe most people are familiar with. Then, if we miss this opportunity, we can consider some inscriptions with meaningful names, rather than grabbing them all at once, such as rats, which happened to be popular in the Year of the Rat. Or popular inscriptions such as INSC and ORDI. Next, I will focus on INSC.
Inscription insc, insc stands for the concept of inscriptions, which has the scarcity attribute of strong IP concept. At the same time, as long as you play the inscription track, whether it is BRC20 inscription, ARC20 inscription, SRC20 inscription, ERC20 inscription, or PRC20 inscription, they are all inscriptions. Whether you trade in unisat or OKweb3 wallet, what you trade are inscriptions; whether you check the browser or your own wallet, inscriptions will appear in front of you; whether you want to buy inscriptions or want to buy inscribe, it will appear in front of you, it’s just whether you realize it or not.
The main reason is that the inscription itself does not have much practical application value. In fact, we prefer to classify it as MEME, but this MEME is not led by the project party, but is typed out one by one by everyone through hand speed and financial strength. It does not have many practical application scenarios. The main reason for the exchange to choose to go online is to bring traffic to the exchange. Its essence is not much different from MEME.
So how do we find the valuable ones among this pile of "MEME"? The biggest difference between these inscriptions, besides the order, is its token symbol, which is also an important mark to distinguish different inscriptions. Therefore, we can consider giving priority to names with practical meanings, rather than just hitting them without thinking about them. Inscriptions with meaningful names are a symbol of MEME on the one hand, and they are also easy to be remembered by everyone on the other hand, which is also an important reason.
Therefore, for users, inscriptions on other chains can be played with, but they cannot be regarded as valuable coins, because it is crucial whether there is a team behind these inscriptions to empower them. If there is an empowerment team, then the inscription may be well done. If there is no empowerment team, then it may be that the team behind it wants to reap the benefits. Moreover, inscriptions are chain-dependent. Now even many public chains may run away or return to zero, not to mention the inscription tokens above. Therefore, for users, if they want to play inscriptions for a long time, they have to find a leader. You can play with others, but you also have to know when to leave.