Bitcoin, as a digital currency, has led the development of the entire cryptocurrency market since its birth in 2009. The total supply of Bitcoin is 21 million, and each Bitcoin can be divided into 100 million smallest units - Satoshi (sat for short). This design makes Bitcoin transactions more flexible and adaptable to exponential growth in its value. With the popularity of Bitcoin, more and more users are beginning to pay attention to its derivative tokens, especially in the BRC20 market, SATS and RATS, as emerging tokens, are attracting more and more investors.
Basics of Bitcoin and Satoshi
Bitcoin was designed with a limited supply, ensuring its scarcity. Each Bitcoin can be divided into 100 million Satoshi, which provides users with smaller transaction units for more flexible transactions. As the price of Bitcoin rises, transactions in smaller denominations become more common, making the introduction of Satoshi particularly important.
The rise of the BRC20 token market: Based on Bitcoin, the BRC20 token market has gradually developed and grown. Among them, SATS, as an emerging token, seems worthless at first glance, but the community support behind it is impressive. The community generally believes that you can participate in this early fair release by paying only a few dollars in gas fees. The valuation of SATS in the BRC20 market has surpassed that of ORDI, with prices soaring by more than 150% in a short period of time.
SATS market performance
The market value of SATS has soared to a staggering US$150 million. Compared with DOGE's US$10 billion market value and SHIB's US$5 billion market value, SATS's growth potential is obvious. It is worth noting that the cryptocurrency market is not currently a bull market, which means that SATS still has huge room for growth. From the early days when the community recommended SATS in September, to today's revenue has increased 40 times, and the number of members has surged from 2,500 to 58,000, showing its strong appeal.
The rise of RATS: With the success of SATS, the rise of RATS has also become the focus of attention. RATS is the leader among the BRC20 series of inscribed assets launched in March this year, with a single minting limit of only 1 million pieces. RATS has successfully landed on small exchanges such as LBank and Gate, and will soon join platforms such as io and Bitget. With the launch of Bitget, it is expected that more investors will pour in, further driving up the price of RATS.
Since its launch on LBank on November 14, the RATS token has shown strong upward momentum, climbing from an initial price of $0.0000158 to $0.00009, an increase of 469.6%. This growth momentum makes people full of expectations for its future.
The future prospects of SATS and RATS
The success of SATS and RATS is not only the product of market craze, but also a reflection of the deep community foundation and user recognition behind them. SATS has more than 40,000 currency holding addresses, making it the project with the largest number of currency holders in the entire Ordinals ecosystem. This broad community support powers SATS.
At present, the market value of SATS has reached approximately US$1 billion, and there is still room for growth of nearly 2 times. In the long term, it is expected to reach a market value of US$5 billion or even US$10 billion, with multiple growth potential. Although the current market is still recovering, with the continuous influx of new users, the future of the BRC20 market is still bright.
On-chain data reveals true strength
Analysis of on-chain data shows that SATS’s takeover funds have skyrocketed, which is shocking. Only one day after Binance went online, SATS captured 19.17% of the chips, with a total value of up to US$200 million. What is even more surprising is that SATS did not fall significantly. In the short period of time after Binance announced its launch, the increase reached 143%. From the perspective of chip distribution, SATS has a wider range of currency holdings, with about 25% held on the exchange. In comparison, ORDI’s holdings on the exchange have reached more than 60%.
Conclusion
Overall, the rise of SATS and RATS not only provides new opportunities for investors, but also injects new vitality into the entire BRC20 market. As the market continues to develop, investment opportunities will become more abundant in the future. For those focused on the cryptocurrency market, keeping up with trends and seizing opportunities will be the key to achieving wealth appreciation.
How the performance of SATS and RATS will evolve in the coming days deserves our continued attention. Whether as investors or general users, understanding the dynamics of these emerging tokens will help us better grasp the pulse of the cryptocurrency market.