Inscriptions tokens continue to surge—will the wealth creation effect persist?
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Inscriptions tokens continue to surge—will the wealth creation effect persist?
As the BRC-20 ecosystem flourishes, the crypto market has entered a bull run frenzy.
Navigating Web3 tides with focused insightsAs the Federal Reserve clearly signaled rate cuts, a celebration began across the entire capital market, and the crypto market was no exception. Bitcoin reclaimed its year-to-date high above $43,000. Meanwhile, the recently popular inscriptions token market continues to heat up. Tokens such as RATS, SATS, MUBI, TURT, and ALEX have all seen varying degrees of price increases, with average gains exceeding 40%.
Bull Market Catalyst: The BRC-20 Wealth Effect Is Clear
The thriving BRC-20 ecosystem has become a catalyst for this mini bull run. The emergence of BRC-20 provides investors with a new investment vehicle. Due to its unique mechanism and potential for high returns, it has attracted significant investor interest. This wealth effect is not limited to individual investors—BRC-20's launch has also significantly boosted overall market activity and trading volume. Previously inactive markets have become vibrant thanks to BRC-20, with trading volumes sharply increasing. For example, exchanges like OKX and Bitget saw rapid growth in trading volume after listing BRC-20 tokens, drawing in more investors and traders. According to recent data released by Bitget, its spot market trading volume surged by 82%.
Bitget: A Litmus Test for the BRC-20 Race
In this inscription-driven wealth boom, early movers like Bitget and OKX have undoubtedly emerged as major winners. With the listing of multiple BRC-20 tokens, a clear wealth effect has taken shape. Take Bitget as an example—the recent listings of MUBI and TURT have generated significant wealth creation.
MultiBit is the first two-way cross-chain bridge designed to facilitate transfers of BRC-20 and ERC-20 tokens across networks. After MUBI launched on Bitget, it opened at $0.07, reached a high of $0.16, and currently trades at $0.1444, representing a gain of over 106%. Another notable project is Turtsat, a community-driven open platform aiming to become the Gitcoin of Ordinals, providing everyone a space to build, donate, and influence Bitcoin Ordinal & BRC-20 projects. Similarly, TURT experienced explosive growth after listing on Bitget. It opened at $0.01, peaked at $0.0449, and now trades at $0.0387, surging more than 287%.
Early Mover Advantage: Bitget Uncovers Multiple High-Potential Projects
As early as April this year, Bitget began positioning itself in the BRC-20 sector, successively listing several early popular BRC-20 ecosystem projects such as PEPE, ORDI, and BIP1. For ORDI, the leading project in the inscriptions space, Bitget offered the initial listing on May 10 at just $1. Following its subsequent listing on Binance, ORDI’s price surged by 5,500%. Likewise, SATS, which recently sparked widespread community discussion and attention, was listed on Bitget on November 9. Over a month later, after Binance listed SATS, its price increased by 769%. To make it easier for users to trade more popular BRC-20 tokens, Bitget launched a dedicated BRC-20 trading zone that currently supports multiple trending BRC-20 tokens.
Conclusion
In summary, the flourishing BRC-20 ecosystem has ushered in a bull market rally across the crypto space. Investors are rushing into the market in pursuit of new opportunities. Early entrants like Bitget have emerged as key beneficiaries, offering users broader trading options and opportunities through the listing of multiple popular BRC-20 tokens. However, we must also recognize that the crypto market remains risky and uncertain. Investors should remain rational, exercise caution, and avoid blindly following trends.
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