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Reading: Unprecedented Rises in Altcoins Despite the Lack of Selling Pressure in Bitcoin Market
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Latest cryptocurrency news > ALTCOIN > Unprecedented Rises in Altcoins Despite the Lack of Selling Pressure in Bitcoin Market
ALTCOIN

Unprecedented Rises in Altcoins Despite the Lack of Selling Pressure in Bitcoin Market

BH NEWS
Last updated: 7 December 2023 18:03
BH NEWS 3 years ago
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Bitcoin leads the crypto market where unexpected rises were observed in many altcoins, and during this activity, the BRC-20 token Ordinal (ORDI) stood out with an increase of over 180% weekly and more than 500% monthly. The opportunities in the altcoin market continue with other BRC-20 tokens that can bring gains like ORDI.

At the top of the list is MultiBit (MUBI). A bridge platform, MultiBit allows users to seamlessly transfer tokens between Bitcoin Blockchain and Ethereum Virtual Machine (EVM) networks, and it has gained more than 340% in value over the past 7 days.

SATS Ordinals (SATS) is second on the list. A memecoin based on Satoshi, the smallest unit of Bitcoin, SATS is seen as one of the best options among BRC-20 tokens. Increases in the price of Bitcoin also lead to a rise in the prices of BRC-20 tokens like SATS, which are indirectly related to BTC.

In third place is OXBT Ordinals (OXBT). Another community-focused token, OXBT, was launched in May of this year and received strong support from the community. With a total supply of 200 million and high potential, OXBT is among the projects that could yield high returns compared to other BRC-20 tokens.

Coming in fourth is RATS Ordinals (RATS). An animal-themed memecoin, RATS is the unique example of the BRC-20 token type on the Bitcoin network, and it made a rapid token distribution in March and November 2023. The rarity and unique supply of RATS indicate its potential long-term value.

Fifth and last on the list is VMPX Ordinals (VMPX). Created by Jack Levin, the founder of XEN, VMPX was launched without pre-mining or allocating any share to the founder. Levin’s leadership strengthens the power of the VMPX token and makes it a competitive investment asset among other BRC-20 tokens.

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