Rat (RAT) news

BRC-20 Tokens Market Cap Reaches $3.3 Billion: Why & How

In the past few months, people worldwide have been curious about BRC-20 tokens, introduced by an anonymous developer named Domo in May 2023. These tokens, following the Bitcoin Request for Comment 20 (BRC-20) standard, have become popular in the cryptocurrency community. But what makes these tokens so appealing? The Rise of BRC-20 Tokens BRC-20, despite its name’s resemblance to the unrelated ERC-20 tokens, stands out by incorporating memes, a favorite among the majority of cryptocurrency fans. Source: triple-a.io Given the dominant user demographic of individuals under the age of 34, who are more open to decentralized finance (DeFi) opportunities, the appeal of BRC-20 tokens is heightened. By allowing users to add short JSON code—comprising images, text, videos, or even code—to the tokens and trace their existence, BRC-20 token holders experience a unique sense of ownership not typically found in centralized systems. The Giant in Inscription That being said, from the beginning of its launch, BRC-20 tokens have successfully gained a total of US$3.3 billion in market capitalization to date, and the numbers are not going to stop there. The total market cap of BRC-20 coins has reached a whopping US$3.3 billion as of 21 Nov, 2023 (Source: brc-20.io) Amidst the heat of inscription recently, the market cap for the first fungible token using the BRC-20 standard - Ordinals (ORDI), stood at an impressive US$441 million with a US$66.5k trading volume, proving the market is excited about its existence. The Impact Behind BRC-20 Tokens in the Long Run Despite the hype, some critics worry about BRC-20 tokens. They argue that these tokens use the way of storing their data files directly on the blockchain. Unlike Ethereum NFTs, which keep their files on a separate server, this approach could potentially slow down the blockchain because the files are quite large. Importantly, many people who use BRC-20 tokens may not be aware of these potential issues. On the brighter side, Bitcoin miners, who play a crucial role in processing transactions, are quite happy with BRC-20 tokens. This is because handling transactions for these tokens is more profitable for miners than the traditional process of creating new Bitcoin (BTC), and things might change further in the future, with Bitcoin halving coming soon in April 2024. Where to Buy BRC-20 Tokens? Despite the concerns above, BRC-20 tokens are still loved by many. If you want to join the hype, you can definitely find the most popular ones on Bitget! Hot BRC-20 token list you need Bitget is a big player in the world of centralized exchanges, with a whopping US$10 billion in daily trading volume and more than 20 million loyal users from 100 countries. But the most important point is that we value users and strive to give you the most intuitive experience. With that said, Bitget has all the cool BRC-20 tokens ready. You can easily search for the popular BRC-20 tokens in one place, such as: Ordinals (ORDI) The first token with an experimental fungible token standard using ordinal inscriptions. The big bro. Pepe BRC-20 (PEPEBRC / PEPE1) It also honors the creator of the Pepe meme, Matt Furie but with a sadder frog face. Perhaps life is hard. Meme (MEME) The first MEME token on Bitcoin, and no one can forget this iconic meme face. SATS (SATS) Aside from being the small unit of a Bitcoin, Satoshis is now also a fun meme coin that uses Ordinals protocol. Rats BRC-20 (RATS) Inspired by one of the most prolific mammals on earth - the rat, RATS is a new meme coin member on Bitget. Totally rat-ical. Last Few Words Beyond the financial gains, BRC-20 tokens have marked a significant milestone in the history of cryptocurrency. The BRC-20 community, filled with loyal supporters, has played a big role in bringing these tokens to where they are now. Interested in bringing some memes home? Don't miss out on the excitement— come on board by joining Bitget today and share the fun! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

RATS Token (RATS): A Pioneering BRC-20 Meme Token On the Bitcoin Blockchain

What is RATS Token? RATS (RATS) is a unique animal-inspired meme token on the Bitcoin blockchain that follows the BRC-20 token standard. The token gets its name from the planet's most prolific mammal - the rat. How Does RATS Token Work? At the crossroads of creativity and technology, RATS token comes to life through the revolutionary Bitcoin Ordinals system. This framework allows people to order, identify, and inscribe digital content on satoshi, the smallest unit of Bitcoin, to create digital artifacts. The Ordinals protocol opens the door for developers to embed various forms of content, ranging from texts, images, audios, videos, to even entire video games and codes (such as the case of the BRC-20 token standard) to satoshi, thus greatly diversifying the potential applications and versatility of the Bitcoin blockchain. To learn more about Bitcoin Ordinals, please read What Are Bitcoin Ordinals? Everything You Need to Know About Bitcoin NFT. Introduced at the beginning of 2023, the Bitcoin Ordinals system has swiftly captivated the blockchain community. RATS token, deployed on March 11, 2023, and fully minted by November 5, 2023, is an evident to the rapid evolution facilitated by the Ordinals protocol. With a market cap of $66,390,000 and a 24-hour trading volume of $17,899,511 on November 16, 2023, RATS token has already made its mark in the crypto landscape. The numbers clearly indicate the active engagement and interest from the crypto community regarding the RATS token. A Meme Token with a Unique Edge While RATS might fall under the category of meme tokens as it has no inherent use case, it distinguishes itself by its unconventional characteristics. Surprisingly, RATS lacks a traditional whitepaper, website, or roadmap. However, its inherent scarcity, rooted in the BRC-20 token standard, positions it as a potentially valuable asset in the long run. Moreover, the BRC-20 token standard, serving as the backbone of RATS token, presents a layer of scarcity and uniqueness to this meme token. Unlike most traditional tokens, RATS relies on Bitcoin for minting, transferring, and storage, which not only amplifies its scarcity but also hints at its long-term value potential. RATS Goes Live on Bitget The RATS token was listed on Bitget on November 16. With RATS token being on the Bitcoin blockchain through the BRC-20 standard, Bitget provides a secure and dynamic platform for traders to engage with this distinctive meme token. Seize the chance to be part of the evolving crypto market and trade RATS on Bitget for a firsthand experience of the future of digital assets. How to Trade RATS on Bitget Step 1: Go to RATSUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. For detailed instructions on how to spot trade in Bitget, please read ​​The Uncensored Guide To Bitget Spot Trading. As RATS continues to carve its niche in the crypto universe, its unique attributes and the integration of the BRC-20 token standard position it as a symbol of innovation and evolution. While the absence of traditional documentation might raise eyebrows, it is precisely this departure from the norm that makes RATS a fascinating experiment in the ever-evolving world of cryptocurrency. The existence of the token itself hints at the limitless possibilities that lie ahead in the intersection of blockchain technology and digital creativity. It invites enthusiasts and investors alike to witness the unfolding narrative of a meme token that defies expectations and embraces the unconventional. Trade RATS now on Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.