6 Best Memecoins on the BRC20 Bitcoin Network that Have the Potential to Make Money
2024-11-21
Bittime - The BRC20 Bitcoin network is increasingly attracting the attention of investors, especially with the emergence of various memecoins which are now starting to show large profit potential.
Although memecoins are often considered speculative tokens, several tokens on the BRC20 network have been proven to provide promising profit opportunities. Here are the six best memecoins on the BRC20 network that are worth paying attention to.
Ordinal SATS (SATS)
SATS is a memecoin that is directly connected to Bitcoin, especially with its smallest unit, namely Satoshi. As a token that is closely linked to Bitcoin price movements, SATS often follows Bitcoin price trends.
When the price of Bitcoin increased, many BRC20 tokens, including SATS, also skyrocketed. Even though the price of SATS is much smaller than Bitcoin itself, this token still has great potential to achieve significant profits.
To date, SATS has more than 36,000 holders and continues to grow. With the price per token sitting at $0.0000003034 and daily trading volume reaching $47.25 million, SATS is showing positive signs.
Its market capitalization stands at $636.88 million, and in the last 24 hours, SATS price increased by 3.37%. On December 26, 2023, SATS reached its highest price of $0.0000009287, indicating that the upside potential for this token is quite large.
RATS Ordinals (RATS)
RATS is a meme token with an animal theme that uses the BRC20 standard. Introduced in March 2023, this token continues to grow rapidly. One of the things that makes RATS interesting is its scarcity, as these tokens are produced, moved, and stored using Bitcoin, increasing the value of these tokens in the future.
The current price of RATS is $0.0001507, with a daily trading volume of $34.75 million. Its market capitalization is recorded at around $149.99 million, and RATS price increased by 10.05% in the last 24 hours. RATS reached its all-time high price of $0.0006274 on December 15, 2023, indicating that this token has significant upside potential.
Read also: These are the 5 Best Meme Coins on the SUI Network!
Multibit (MUBI)
Multibit (MUBI) is a bridge platform that allows token transfers between BRC20 and ERC20 networks. Its function of connecting two different blockchain ecosystems provides its own advantages in increasing the liquidity and interoperability of these tokens.
As a BRC20 token, MUBI makes it easier for users to transfer tokens between the Bitcoin and Ethereum networks.
Currently, MUBI price is at $0.03512, with daily trading volume reaching $4.68 million. MUBI's market capitalization was recorded at $33.38 million, and in the last 24 hours, MUBI saw its price increase by 0.01%.
With a circulating supply of 950 million coins out of a maximum total supply of 1 billion coins, MUBI is an attractive token to consider in a portfolio.
Dovi (Ordinals)
Dovi is a Bitcoin-based Layer 2 solution that offers a smart contract platform compatible with the Ethereum Virtual Machine (EVM). With the aim of increasing scalability and reducing transaction costs, Dovi brings a number of advantages that can advance blockchain technology, such as reduced fees and a more secure consensus mechanism.
The current price of Dovi is $0.08586, with a daily trading volume of $41,707. Its market capitalization stands at $1.32 million, although in the last 24 hours, Dovi's price experienced a slight decline of 3.15%.
Despite this, Dovi's potential to grow in the blockchain ecosystem remains great, considering its aim to introduce more efficient and affordable solutions.
Also read: Which Memecoin Should You Buy in November?
VMPX Ordinals (VMPX)
VMPX is a BRC20 token developed by Jack Levin, founder of XEN crypto. The uniqueness of VMPX lies in the “first principles” principle it adopts, which means the token is not mined first, there is no special allocation to its founders, and the underlying code cannot be changed. These features give VMPX great potential as a competitive token in the market.
The current price of VMPX is $0.02004, with a daily trading volume of $326,944. Its market capitalization is listed at around $2.19 million, and the price of VMPX increased by 3.72% in the last 24 hours. With a circulating supply of 108.6 million coins out of the same total maximum supply, VMPX has room to grow further, especially with Jack Levin's strong reputation in the crypto world.
Ordinals (ORDI)
Ordinals is a numbering system used to track and move Bitcoin's smallest unit, the satoshi. The system utilizes ordinal numbers to identify each satoshi unit based on the order in which it was mined, enabling tracking of assets such as NFTs, stablecoins, or other tokens associated with Bitcoin. With its rarity and unique function, ORDI has strong appeal among investors.
Currently, ORDI price is at $35.75, with a daily trading volume of $115.33 million. ORDI's market capitalization was recorded at $750.85 million, with a circulating supply of 21 million coins. In the last 24 hours, ORDI's price has increased by 3.97%, adding optimism to investors interested in this token. As one of the leading BRC20 tokens, ORDI has demonstrated consistency and potential for continued growth.
Conclusion
With the emergence of various meme tokens on the BRC20 network, investors now have many potentially profitable options. Tokens like SATS, RATS, and VMPX show that although memecoins are often considered speculation, they can provide impressive returns.
As blockchain technology continues to grow and be adopted, these tokens have great potential for long-term gains. For those of you who are interested, make sure to continue monitoring price developments and market trends to maximize the opportunity to profit from memecoins on the BRC20 network.
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