SATS is a BRC20 meme token that has no specific value or application, but has community consensus and is launched fairly in the early stages. It only costs gas to mint, which is about a few dollars.
The current market value of sats on brc20 has surpassed that of ordi. It may become the next shibi, or doge, a memen coin. Because it is cheap and has many coin-holding addresses, it is very likely to become the next crazy CX coin. I It feels like the craziness will continue, and this craze will continue until the Bitcoin halving cycle.
Yesterday, Binance announced that it would list SATS. The price of SATS rose in response, with an increase of more than 150%. The entire brc20 market became active again.
In the BRC-20 token market, the market value of SATS has currently reached approximately US$150 million. Compared with the current market value of DOGE, which has reached US$10 billion, and SHIB, which has reached US$5 billion, SATS has a lot of room for growth. Additionally, it is not yet a bull market in the crypto market, which means SATS has huge potential for growth.
Community SATS started with new recommendations in September and has made 40 times the profit so far!
From the initial 2,500 to the current 58,000!
3x the income from following up on Sesame recommendations! 25,000 to more than 70,000 online!
Early brc20 players minted a large number of meme tokens, but I don’t know which one has a tenfold or a hundredfold chance. Many people have spent thousands of dollars in gas fees and still haven't encountered a tenfold or a hundredfold opportunity.
After ordi was listed on Binance and out of the circle, more people began to pay attention to BRC20, but the market has different views on BRC20.
Some people think that the worthless brc20 brings congestion to the Bitcoin network and increases transaction costs; some people think that it is a new way of playing the Bitcoin ecosystem, which will stimulate more research and development of the Bitcoin ecosystem and promote the development of the Bitcoin network.
Some of these debates are from a technical perspective, and some are from stakeholders, but market development cannot be influenced.
After the news that SATS was listed on Binance, many stories of getting rich were circulated in the community. For example, a wallet holds a large number of sats, and the current displayed value is 740 million yuan.
Although there are rumors, this is not real data, it is just the price of pending orders, not real transactions, and there are very few people who can get it in the early stage, it is just spreading demand.
Regardless of whether the information is true or false, the listing of SATs on the exchange will undoubtedly bring huge benefits to early players. Latecomers want to participate in the excitement but are worried about taking over, and those who do not participate are afraid of missing out on the opportunity. They are in a dilemma.
SATS is the second brc20 launched by Binance, and recently Binance launched a web3 wallet, further promoting the development of the Bitcoin ecosystem.
The market has different views on Bitcoin Inscription. Some believe that brc20 is deployed uncontrollably, generating a large amount of on-chain garbage and causing network congestion;
ORDI has been rising since its launch, reaching a high of $69.8. Subsequently, discussions began about whether Bitcoin Inscription was a bug and whether it should be repaired or banned. ORDI plummeted, fluctuating at $47 in the past two days.
In addition, early brc20 players were concentrated in the Chinese community. Brc20 has stronger Chinese attributes and is distrusted and disliked by overseas communities.
But there is no doubt that the early minters and Bitcoin miners made huge profits, which greatly increased the activity and transaction volume of the Bitcoin network.
For many users who minted BRC20 in the early stages, listing on the exchange means a staged victory, as well as more liquidity and lower participation thresholds.
How is the market value of SATs calculated?
Unit price: 0.00000024 US dollars each, multiplied by the total amount of 21 million, the total market value is already 500 million US dollars. It is expected that there will be room for doubling in the short term.
If brc20 can trigger a bull market, it has the potential to rise to a market value of US$10 billion.
several reasons
1 Satoshi = 1 USD
Because the expectations for this currency are very high, and everyone expects that 1 satoshi is equal to US dollars, some people will speculate that one satoshi can also rise to 1 US dollar.
Now I can buy 400 million for 100 US dollars, which can greatly satisfy everyone's desire to get rich.
Countless people have the fantasy that if they buy something for $100, it will become a dream of $400 million in the future.
It is conducive to spreading the news. If you recommend your relatives and friends to buy 100 US dollars, it will not hurt even if you lose money. This is most likely the real situation.
A friend bought $100 and found out tomorrow that his account balance had become $200. The actual situation is that the amount had doubled if you bought it 5 days ago. There is a high probability that your friend will continue to invest more and thank you repeatedly for helping her make money. It started with $1,000, then $100 million. In the end, you even have to buy them all with leverage. (The psychology of ordinary retail investors)
It is extremely friendly to the Bitcoin ecology and can maximize the popularity of Bitcoin wallets and the spirit of Bitcoin decentralization.
As for whether this coin has value, it is no longer important. What is important is that people keep telling stories and people keep taking over. Take Dogecoin as a reference. During the bull market, it was speculated to have a market value of 80 billion US dollars.
Therefore, this coin has been speculated to be 10% of Dogecoin. Dogecoin has 10 years of accumulation and the blessing of Musk, the richest man. However, sats has the support of Bitcoin, which is completely promising.
Compared with SHIB's market value reaching US$5 billion, there is still room. SATS currency holding addresses have reached 40,000+
Someone asked two days ago what a value coin is. My answer is that a coin that can rise in the long term is a value coin. As for whether this coin can solve practical problems in life, it is no longer important.
Because letting people who hold it for a long time make money has already solved most people's problems. If it rises, it has value; if it doesn't, it has no value.
As the largest wallet hub in the BRC-20 ecosystem, UniSat not only supports SATS as the gas fee on L2, but may also use it as the basic transaction token of brc20swap. This support not only brings 36,000+ active users to SATS, but also makes UniSat a top trading platform.
The market popularity even exceeds that of veteran-level Ordi. In the future, the market value is likely to exceed that of Ordi, the leader of the BRC20 track.
Whether the launch of SATS this time will lead to a sharp rise or a sharp fall, and whether it will leave the FOMO circle again, remains to be seen by market experience.
