In a week marked by notable gains, BRC-20 tokens, particularly RATS, SATS, and ORDI, emerged as the best performing tokens, providing significant returns to their holders. Binance, a leading cryptocurrency exchange, played a significant role in these increases by introducing the 1000RATS Perpetual Contract and facilitating spot trading for $1000SATS .
BRC-20 Tokens on the Rise
The BRC-20 token standard, designed specifically for the Bitcoin Blockchain, has gained popularity in the Bitcoin ecosystem, particularly in decentralized finance (DeFi) applications, due to its ability to unlock advanced functions. Notably, RATS, SATS, and ORDI stood out among BRC-20 tokens, providing impressive weekly earnings for their owners.
Binance’s strategic announcement to list these tokens was a significant catalyst that propelled RATS, SATS, and ORDI to the forefront of profitable weekly gains. While meme coins like Shiba Inu $SHIB and BONK $BONK made headlines, BRC-20 tokens quietly yielded profits, attracting the attention of crypto enthusiasts.
Weekly Returns: RATS, SATS, and ORDI Shine
Unlike meme coins, BRC-20 tokens RATS and SATS exhibited extraordinary weekly gains, delivering respective returns of 610.6% and 329.9% to their holders. ORDI’s returns were relatively modest at 10%, but its higher market value and trading volume make it a notable player in the BRC-20 environment
ORDI reached a significant milestone by surpassing the 1 billion dollar market value threshold in the first week of December, providing its holders with an impressive monthly return of 850%. This success positions ORDI in various discussions on crypto platforms, especially after Binance’s recent listing announcement for the last two tokens, alongside RATS and SATS.
The Binance Effect: A Catalyst for Growth
The significant impact of Binance, often referred to as the “Binance effect,” was instrumental in driving the prices of these BRC-20 tokens to new heights. The listing of 1000RATS Perpetual Contracts and the opening of spot transactions for 1000SATS demonstrated the exchange’s ability to influence market dynamics, triggering a bullish sentiment.
As a result of the Binance effect, 1000SATS is currently trading at 0.0008086 dollars on the Binance platform, while ORDI has a price of 56.92 dollars. These valuations underscore the significant gains experienced over the past week, contributing to the overall vitality of crypto portfolios.
As the crypto market faces uncertainties related to macroeconomic events, the sustainability of gains in assets like RATS, SATS, and ORDI continues to be a subject of interest. Market participants will be keenly observing whether these BRC-20 tokens can maintain their impressive performances throughout the current market cycle.