Underdogs & the Satoshis
The new gems
The crypto world never sleeps, and neither do we! Let's dive into the 43rd edition as we examine some underdogs and satoshis.
Since I’m focused on crypto narratives, I usually spend an unhealthy amount of time weekly trying to uncover the next big thing. In my study, I came across a promising trend that is not talked about a lot but might be lucrative.
They are BRC-20 Inscriptions and DRC-20 Inscriptions.
Let’s start with BRC-20 Inscriptions.
BRC-20 is an experimental token standard for fungible tokens on the Bitcoin blockchain. They use inscriptions to embed JSON data into satoshis, allowing users to deploy, mint, and transfer tokens.
Before now there was nothing like meme coins on Bitcoin, but this has enabled the seamless creation of tokens on Bitcoin. The BRC-20 token trend went wild when Binance listed ORDI and SATS, propelling the market capitalization of this narrative to more than $2 billion.
Interestingly, a second wave of BRC-20 narrative hype is coming, and Binance is also front-running it. Binance recently announced the launch of its Inscriptions Marketplace this week, democratizing access to BRC-20 tokens. This will give people more access to bitcoin plays, and a wider adoption.
How to position? Get tokens that will best benefit from the BRC-token inscriptions hype. Some tokens on my radar:
TRAC - might be listed next on Binance, and will obviously run.
INS - the ticker says it all: just launched and already performing.
ORDS - recently partnered with DWF Labs, it’s a no-brainer.
The next stop is Doginals - DRC-20 Inscriptions
Similar to Bitcoin, DRC-20 is the token standard for fungible tokens on the Dogecoin network. DRC-20 tokens are finally bringing excitement to the doge community, allowing them to create custom tokens and other fungible-related plays.
This week, OKX announced that it will enable inscriptions on its marketplace with support for Dogecoin Ordinals, Atomicals, Stamps, and Runes. Surely good news for the Dogecoin community as it will give millions of users the ability to buy and sell DRC-20 inscriptions with zero fees.
How to position? The cumulation market cap for DOGE ordinals is still around $76M - I see that number going off the roof real soon. Yet again, looking for tokens that will best benefit from this news is key. Some tokens on my radar:
DOGI - the market leader and has more chances for listing by a top-tier exchange
HUB - rising play with much potential
PEPE - the ticker will likely run when the main pepe meme coin rebounds.
As usual, nothing here is financial advice.
Top Narratives & Gainers of the Week
GXChain (GXC): the coin did a 641.8% upside in the past 7 days, and has been a top performer in the last 2 weeks in a roll. Worth keeping an eye on.
Whales Market (WHALES): they stormed the market with a unique points trading marketplace and OTC DEX model. Did about $191.8% this week, and I’m expecting more upside, and more projects are set to launch their tokens.
VaultCraft (VCX): Did about 79.4% in the past week. Glad to see the token beginning to gain traction.
Others include SWAP, CNC, MGP, RLB, RON, etc.
Alpha Bites and Tweets
Check your eligibility for Celetia airdrop - link
Binance-backed Puffer Finance has an active quest - link
Aevo announces airdrop and farming program - link
That’s a wrap.
Thanks for reading!
Until next Friday,
Viktor DeFi.
PS: I’d love to hear your feedback and comments.
best researcher! Do you have any posts about VaultCraft? I've seen all your posts, but I haven't seen one about this