Impressive performance of Sats (SATS): against all odds!
Despite the BRC-20 hype and Bitcoin (BTC) decline, SATS (1000SATS) is highly appreciated.
BRC-20 hasn't been talked about for a while, and with SATS (1000SATS) going up, it reminded itself. Despite the loss of BRC-20 hype and the sharp decline in BTC as of last night, the rise in SATS has not gone unnoticed. While the entire altcoin market is down more than 5%, SATS’s 6.18% gain serves as a lesson to the rest of the BRC-20. Additionally, the popular BRC-20 standard ranks high on the “Top Rising” list.
No trace of the old power of the BRC-20!
First, the incredible rise of BRC-20 leader Ordi (ORDI) started the trend in this space. Later, the emergence of SATS, Multibit (MUBI) and Trac (TRAC) captured the altcoin market. Aware of this situation, popular cryptocurrency exchanges started listing many projects that fall under the BRC-20 standard. The back-to-back listing news is the biggest factor in the explosion of BRC-20.
Later, the emergence of various trends and the launch of new projects almost destroyed the BRC-20. Cryptocurrency investors have started to stay away from BRC-20 as they see new altcoins rising. BRC-20 has suffered huge losses not only in terms of price but also in terms of fundamental analysis and seems to continue to remind itself with weak gains from time to time.
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