😱The inscription track is about to be a mess, retail investors run fast and put up a post as proof!
With the listing of ORDI on Binance, and the spread of the myth that inscriptions can easily increase a hundred times, inscriptions have really become popular recently. Monsters and ghosts inscriptions on various chains have come out, and tens of thousands of them are unstoppable. As of the 19th, Bitcoin NFT The cumulative fee income from protocol Ordinals inscription casting reached 2,844.1375 BTC, which is approximately US$104,077,265. The current total number of minted inscriptions has reached 41,882,377, and the gas income of miners has soared more than 10 times compared to last month;
Let’s first take a look at what the inscription is. Divide 1 BTC into 100 million parts. Each unit is called satoshis (SATS). The content is written into satoshi through the Ordinals protocol for inscription. The written information can be text, pictures, Videos, audios, etc. are essentially digital collections with no technical value and are all based on hype.
Then let’s take a look at who is hyping the inscriptions
1 The secondary market of Inscription first fermented in OK. We all know that OK has been incorporated. There must be some capital behind it that is doing things. These products cannot be used to produce anything of practical value. They can only speculate on concepts. This wave The inscription craze has confused foreigners.
2 With the arrival of BTC halving, workers are anxious. After this boom, gas income will directly increase by 10 times;
3. All the major KOLs are taking the lead in the hype. Without direct economic benefits, it is impossible to synchronize to this extent;
In the end, a group of retail investors swarmed in, and the bankers harvested collectively.
Bago advises everyone, don’t rush in just because others are doing it a hundred times a thousand times, because you are the one waiting to be cut.
