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Brc 20 Tokens

All articles tagged with #brc 20 tokens

cryptocurrency2 years ago•2 min saved

Dogecoin's Bullish Metrics and Volatility Explosion Suggest Price Surge Ahead.

Dogecoin's bullish metrics are heating up as whale transactions and volume rise exponentially, with large DOGE transactions crossing $1.94 billion in the last seven days. The number of daily DOGE transactions grew from an average of 20,000 at the beginning of May to 2.0777 million on May 27, thanks to the popularity of BRC-20 tokens. If DOGE continues to rise, it could complete a 50% move toward the upside in the short term, with its first major resistance lying at $0.075.

via Bitcoinist|

#brc-20-tokens #bullish-metrics #crypto-market

cryptocurrency2 years ago•2 min saved

BitGo's Go Network and BRC-20 Tokens Drive Surge in Bitcoin Inscriptions on Leading Exchanges.

The number of Ordinals inscribed on the Bitcoin network has reached an all-time high of 58,179 due to the recent creation of "Bitcoin Request for Comment" (BRC-20) tokens on the Ordinals protocol. BRC-20 tokens utilize Ordinal inscriptions to deploy token contracts, mint tokens, and transfer tokens, similar to Ethereum's ERC-20 token standard. The surge in Ordinals is believed to be driven by the recent launch of new tools to interact with BRC-20 tokens. While the market cap of BRC-20 tokens currently sits at less than $10 million, digital asset investment firm Galaxy Digital believes the "Bitcoin NFT" market may reach $4.5 billion by 2025.

via Cointelegraph|

#bitcoin #blockchain #brc-20-tokens