Why is BRC20 coin so popular?
Whether it is traditional private placement, public offering or IEO, a few people get tokens at a very low cost, and after listing on the exchange, the price of the token instantly rises tenfold or a hundredfold. Retail investors are at the bottom of the food chain. After such incidents happen more and more, retail investors are unwilling to be the scapegoats all the time, which is also the potential reason why the altcoin market has been sluggish recently.
The primary reason why BRC20 became popular is that the leading ordi has increased N times. The cost of tens of dollars has become millions in dozens of days. The story of making wealth is always the most attractive.
Secondly, there is no so-called private or public IEO. Whether institutions or retail investors, everyone is on the same starting line, which is relatively fair.
Third, BRC20 is a new ecosystem for BTC. Although it can’t do much now, it still becomes a potential new track.
Fourth, as a new track, the market value of BRC20 is not high, which means there is an opportunity to make money.
How to choose BRC20 coin?
First, see who sent it.
The second is to see if the suffix has a memorable point. Being meaningful and easy to remember is like a woman who is born beautiful and has natural advantages.
The third is to see whether the mint amount is reasonable.
Fourth, look at the number of holders. The more holders, the better.
The fifth is luck.
